India donates 1 million dollars to IBSA Fund tackle hunger and poverty

New Delhi: India has contributed one million US dollars to a fund established to combat poverty and hunger. This fund has been established by India, Brazil and South Africa. Indian Ambassador to the United Nations Ruchira Kamboj presented Rs 10 lakh to Dima Al-Khatib, Director of the United Nations Office for South-South Cooperation (UNOSSC) on Monday (February 19, 2024) as a contribution towards the Poverty and Hunger Eradication Fund (IBSA Fund). Handed over a check of US dollars.

On this occasion, Kamboj said that the G20 summit chaired by India focused on development of the people, by the people and for the people. He said, ‘That is why India is committed to supporting the IBSA Fund. We believe that through this, the lives of millions of people in the Global South have been positively impacted and the spirit of cooperation has been strengthened.

A release issued by the Permanent Mission of India to the United Nations said that each country in IBSA (India, Brazil and South Africa) will contribute Rs 10 crore annually to the Fund in the spirit of partnership and support for transformative projects in developing countries. Contribute a million dollars. This fund was established in 2004 and its operations began in 2006. Since then, India has contributed a total of more than US$18 million to the IBSA Fund.

IBSA is a trilateral development initiative between India, Brazil and South Africa to promote South-South cooperation and exchanges. During the Brasilia Declaration on June 6, 2003, the foreign ministers of the three countries formalized this group and named it IBSA Forum. IBSA Fund was created in the year 2004. The group works to alleviate poverty and hunger in India, Brazil and South Africa. Work on developmental projects of these countries is done through IBSA Fund. The responsibility for administering its funds is carried out by the United Nations Office for UNOSSC.


Source link

Leave a comment