NEW YORK – Pakistan called for debt relief and restructuring as part of a broader effort to address climate change and economic distress at a ceremony organised to hand over the chairmanship of Group of 77 and China to Iraq. “We are in a moment where inequality among and within countries is increasing, and we see 800 million plus people living in extreme poverty,” said Ambassador Munir who twice led the G-77, an alliance of developing countries established on 15 June 15 1964. The group derives its name from the 77 original signatories, although it now has 134 members.
G-77 is the largest intergovernmental coalition of developing countries at the United Nations, which provides the means for the countries of the South to…