I'm curious about the story behind this. I'm guessing that "developing world" is code for "people with their hands out". People who have been getting a free ride are never in favor of reforms which could mean accountability on their part.
You are 100% correct.
Third World Veto Leaves UN IN Budget Crisis
"Adam Thomson, Britain's deputy head of mission, expressed dismay at what he called the "destructive move" by the so-called Group of 77 - which represents 133 poorer nations - after it forced the vote in a UN budget committee that traditionally works by consensus. France's UN ambassador, Jean-Marc de la Sabliere, said: "This was a victory for the radicals."
BTTT!