G77+China Summit in Cuba: Developing nations seek a fairer world economy

G77+China Summit in Cuba

Havana: The G77+China, a coalition of developing and emerging countries that represent 80 percent of the world’s population, meets Friday in Cuba to push for a “new economic world order” amid warnings of growing global divisions.

The two-day summit in Havana will be attended by some 30 heads of state and government from Africa, Asia, and Latin America, as well as United Nations chief Antonio Guterres, who arrived on the island Thursday.

The summit is expected to end Saturday with a statement stressing “the right to development in an increasingly exclusive, unfair, unjust and plundering international order,” Cuban Foreign Minister Bruno Rodriguez told reporters on Wednesday.

A draft of the statement calls for “the establishment of a new economic world order,” he said.

The bloc was founded by 77 countries of the global South in 1964 “to articulate and promote their collective economic interests and enhance their joint negotiating capacity,” according to the group’s website.

Today it has 134 members, among which the website lists China although the Asian giant says it is not a full member.

Cuba took over the rotating presidency in January.

Guterres, who will deliver the opening speech with Cuban President Miguel Diaz-Canel, has recently participated in several multilateral summits, including a gathering of the G20 club of major economies in India and the BRICS group that includes Russia.

Ahead of the Havana meeting, Guterres said “This multiplicity of summits reflects the growing multipolarity of our world.”

And he warned that “multipolarity could be a factor for escalating geostrategic tensions, with tragic consequences.”

Diaz-Canel said on X, formerly Twitter, that Cuban summit participants would “reaffirm our commitment to multilateralism, cooperation and development.”

Among the leaders expected to attend are Brazil’s Luiz Inacio Lula da Silva, Colombia’s Gustavo Petro and Alberto Fernandez of Argentina.

China will be represented by top Communist Party official Li Xi.

The presence of world leaders on its soil amounts to “a recognition for the Cuban government” even as the country battles its worst economic crisis in 30 years, an analyst told AFP.

G77+China Summit in Cuba

“Despite the difficulties of the moment, Cuba has been recognized as a valid interlocutor,” said Cuban international relations expert Arturo Lopez-Levy, a visiting professor at the Autonomous University of Madrid.

The communist-ruled island is still under the yoke of US sanctions first imposed in 1962.

Diaz-Canel has in recent months represented the G77+China at several international meetings including a June global financial summit in Paris and an EU meeting in July with Latin American and Caribbean states.

The Havana summit theme is the role of “science, technology, and innovation” in development.

“I will focus on getting the 2030 Agenda back on track,” said Guterres, referring to a list of UN goals to end poverty and hunger and break climate change, among others.