The Group of Seven (G-7) is an intergovernmental organization made up of the world's largest developed economies: France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada.

•   Government leaders of these countries meet periodically to address international economic and monetary issues, with each member taking over the presidency on a rotating basis.

•   It is officially organized around shared values of pluralism and representative government  with members making up world's largest IMF advanced economies and liberal democracies.

•   The United Nations Conference on Trade and Development (UNCTAD) is an intergovernmental organization within the United Nations Secretariat that promotes the interests of developing countries in world trade.

•   It was established in 1964 by the United Nations General Assembly (UNGA).

•   UNCTAD is composed of 195 member states and works with nongovernmental organizations worldwide.

•   Its permanent secretariat is in Geneva, Switzerland.

•   It was created in response to concerns among developing countries that existing international institutions like GATT,IMF and world Bank were not properly organized to handle the problems specific to developing countries.