“Acting together one can achieve the necessary decisions to face the challenges of development and the uneven international economic system,” Pakistani Foreign Minister Bilawal Bhutto Zardari said to the group, in a video address from Islamabad .

Zardari pointed out among the most urgent actions, the relief and restructuring of the external debt of 60 nations in distress, providing food to 250 million hungry people, and providing financial and other aids to the most vulnerable countries to climate changes so that they can recover from increasingly frequent and ferocious natural disasters.

The Minister said that Pakistan had the privilege of chairing the G77+China for three times in the past but in the period of 2022 the nations faced perfect storms of Covid-19 pandemic, weather and conflicts.

He restated that the G77+China led to the formulation and achievement of agreements on urgent responses necessary to overcome multiple challenges such as the historic decision reached at the 27th UN Conference on Climate Change in Sharm el-Sheikh, Egypt, to create the necessary funds for loss and damage for the most vulnerable countries to global warming.

Pakistan, a founding member of the group, handed over the presidency to Cuba on Thursday, after completing its one-year term, during which the world dealt with the triple crisis of food, fuel and finance that gave a hard hit to the developing world.

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