The country will chair at the head of the world’s largest organization of developing states to tackle tax havens and the corruption they breed.
President of Ecuador Rafael Correa assume the chairmanship of the Group of 77.
The charge was summed in New York on 13th Jan 2017. G-77 is the the largest intergovernmental organization of developing countries at the UN.
This marks chairmanship for the first time in the Andean nation's history.
G-77's mission is to promote South-South cooperation and enhance joint negotiating capacity within the UN system.
Ecuador will work to ensure that tax havens be banned to avoid corruption, money laundering, and tax evasion."
Correa is leading the campaign against corporate and individual tax fraud by example.
He has launched a national referendum in Ecuador. In this, citizens will vote in February on a proposed ban on public servants or elected officials keeping money in offshore tax havens.
Correa launched national and international campaigns against tax avoidance after the Panama Papers leaks.
He wants to use Ecuador’s one-year term as head of the coalition of 134 nations from the Global South to demonstrate that at the UN, the General Assembly should make the most important decisions.
Ecuador: Know More - Capital: Quito
- Currency: United States Dollar
- President: Rafael Correa
- Official language: Spanish
