As the new chair of the Group of 77 and China, Algeria has vowed to combine efforts with developed countries to resolve the financial crisis.

The G 77 is a bloc of developing countries including China, whose goal is to advance their economic well-being.

The group was established in 1964 by 77 states, but presently includes 132 countries, representing over 60% of the world population.

It’s the third time that the North African country has held the G 77 presidency.

Jocelyne Sambira reports.

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