What is IBSA Fund?
The India, Brazil and South Africa Facility for Poverty and Hunger Alleviation (IBSA Fund) is a pioneering initiative to implement South-South cooperation for the benefit of other Southern countries in partnership with the United Nations system.
What is the full form of IBSA?
The IBSA Dialogue Forum (India, Brazil, South Africa) is an international tripartite grouping for promoting international cooperation among these countries.
How many countries are in IBSA?
Over the years, the fund has contributed $39 million and partnered in 19 countries from global South to implement 26 projects. Projects have been funded in countries such as Guinea Bissau, Sierra Leone, Cape Verde, Burundi, Cambodia, Haiti, Palestine, Vietnam and others.
What is meant by South South cooperation?
South-South cooperation is a manifestation of solidarity among peoples and countries of the South that contributes to their national well-being, their national and collective self-reliance and the attainment of internationally agreed development goals, including the 2030 Agenda for Sustainable Development.
What is IBSA and who chaired the recent event of IBSA from India?
‘ India is the incumbent Chair of IBSA. IBSA is a unique Forum which brings together India, Brazil and South Africa, three large democracies and major economies from three different continents, facing similar challenges.
What is IBSA and who chaired the recent events of USA from India?
On September 16, 2020, External Affairs Minister Dr S. Jaishankar, chaired the customary meeting of IBSA Foreign Ministers through video conferencing. The ministers adopted the IBSA Joint Ministerial Statement on the Reform of the UN Security Council which will be a common endeavour of the Global South.
Which country is not a member of IBSA?
1. The Nuclear Suppliers Group has-24 countries as its members. 2. India is a member of the Nuclear Suppliers Group….Which of the following countries is NOT the member of IBSA?
| Organization | Associated Convention/Person/Place/Headquarters |
|---|---|
| C. Danube Commission | 3. Peter Benenson |
| D. European Space Agency | 4. Belgrade Convention |
Is India a part of South-South cooperation?
South-South co-operation has traditionally been an important pillar of India’s foreign policy and diplomacy. Indeed, India has been sharing its expertise and development experience with other developing countries in the bilateral, regional or multilateral framework since its independence from Britain in 1947.
Why North-South cooperation is important?
Benefits of North-South cooperation include: Knowledge & technology transfer from the developed countries to the developing countries to strengthen of developing countries in multilateral negotiations; Opening of additional channels of communication between the developed countries and the developing countries.
When did South Africa join IBSA?
The IBSA facility for poverty and hunger alleviation (IBSA Fund) was established jointly by India, Brazil and South Africa in March 2004.
Why was IBSA formed?
The establishment of IBSA was formalised by the Brasilia Declaration of 6 June 2003, which mentions India, Brazil and South Africa’s democratic credentials, their condition as developing nations and their capacity of acting on a global scale as the main reasons for the three countries to come together.
Is South-South cooperation beneficial?
All of these objectives, when approached and undertaken within the most optimal environment will lead to benefits such as the strengthening of the voice and bargaining power of developing countries in multilateral negotiations; opening of additional channels of communication among developing countries; promotion and …
What is the IBSA Fund?
IBSA FUND The India, Brazil and South Africa Facility for Poverty and Hunger Alleviation is a unique initiative to enhance South-South cooperation for the benefit of the neediest nations of the South. This fund facilitates the execution of human development projects to advance the fight against poverty and hunger in developing countries.
What is the India Brazil South Africa facility for Poverty Alleviation?
The India, Brazil and South Africa Facility for Poverty and Hunger Alleviation is a unique initiative to enhance South-South cooperation for the benefit of nations of the South. This fund facilitates the execution of human development projects to advance the fight against poverty and hunger in developing countries.
What is India’s contribution to IBSA?
India has been a regular contributor to the IBSA fund since its inception and has contributed US$ 15.1 million till date. In effect, the informal understanding thus far has been that the partner countries sponsor projects corresponding to the proportion of their contribution to the fund.
Who is the current chairperson of IBSA Dialogue Forum?
The grouping was formalized and named the IBSA Dialogue Forum when the Foreign Ministers of the three countries met in Brasilia on 6 June 2003 and issued the Brasilia Declaration. India is current IBSA Chair. Five IBSA Leadership Summits have been held so far.