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Which of the following is/are correct about G77 ?
1. It an intergovernmental organization of developing countries in the United Nations
2. Aim is to promote their collective economic interests, enhance their joint negotiating capacity on all major international economic issues within the United Nations system and promote South-South cooperation for development
3. Its activities are financed through contributions by UN
Choose the correct code
Only one statement is correct
Only two statements are correct
Only three statements are correct
All statements are correct
3rd statement is incorrect i.e. G77's activities are financed through contributions by UN. The Group of 77 (G77) at the United Nations is a coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations.
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