After years of foreign policy coordination and developing ties, Nasser, President Sukarno of Indonesia, President Tito of Yugoslavia, and Prime Minister Nehru of India founded the Non-Aligned Movement (NAM) in 1961. Its declared purpose was to solidify international non-alignment and promote world peace amid the Cold War, end colonization, and increase economic cooperation among developing countries. In 1964, Nasser was made president of the NAM and held the second conference of the organization in Cairo.