PGTF was established by the United Nations General Assembly in 1983, to support activities in economic and technical cooperation among developing countries members of the Group of 77, comprising 134 out of 193 member countries of the UN.

Named after the UNCTAD Secretary-General March 1969-March 1974, the Fund provides catalytic financial support for South-South cooperation activities. It facilitates a broad range of small projects in response to the priorities of developing countries.

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