President Mahinda Rajapaksa said at the G 77 Summit that the economic and technological monopoly that a few world nations possess has put the developing countries into a political and economic risk.
President Mahinda Rajapakse addressing the 50th Anniversary Commemoration Summit of Heads of State and Government of the Group of 77+China in Santa Cruz ,Bolivia stated that Since the birth of the Group, much has been gained.
President Rajapaksa said A re-vitalized G77 will no doubt provide the necessary fillip to reach our common goal of a more equitable and just international order.
The President said some parts of the New International Economic Order have been realized others have not.
The G77’s original founding vision of unity, solidarity and development, remains relevant.
It is in this context that Sri Lanka has been closely associated with the work of the G77, and is currently the Chair of the Group’s Vienna Chapter.