- The United Nations has acknowledged the contribution of the India-Brazil-South Africa (IBSA) grouping in using innovative approaches while setting up development experiences for combating poverty and hunger in other parts of the world through the IBSA Trust Fund.
- The India, Brazil and South Africa Facility for Poverty and Hunger Alleviation (IBSA Fund) received the 2010 Millennium Development Goals (MDG) Award for South-South Cooperation.
- The three countries contribute $ 1 million annually to the IBSA Fund, which is managed by the UNDP Special Unit for South-South Cooperation. Projects are executed by U.N. agencies and its partners with a strong emphasis on national ownership.
- Current IBSA initiatives include projects in Haiti, Guinea Bissau, Cape Verde, Burundi, Palestine, Cambodia and Lao PDR.
Thursday, September 23, 2010
U.N. award for IBSA
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