India Contributes $1 Million to IBSA Fund, Focused on Combating Poverty and Hunger Globally

Title: “India Contributes $1 Million to IBSA Fund, Focused on Combating Poverty and Hunger Globally”

Subtitle: “India, Brazil, and South Africa Collaborate to Drive Transformational Projects Alleviating Global Poverty and Hunger”

India has reinforced its commitment to global development by contributing $1 million to the India, Brazil, and South Africa Facility for Poverty and Hunger Alleviation Fund (IBSA Fund). The contribution was handed over by India’s Permanent Representative to the UN Ambassador Ruchira Kamboj to the Director of the UN Office for South-South Cooperation (UNOSSC) Dima Al-Khatib on Monday. The IBSA Fund, established in 2004, undertakes projects aimed at alleviating poverty and hunger in developing countries, reflecting the spirit of South-South cooperation.

Ambassador Kamboj emphasized that India’s focus during its G20 Presidency was on the “development of the people, by the people, and for the people.” She expressed India’s commitment to supporting the IBSA Fund, highlighting its positive impact on millions across the Global South. The IBSA countries, including India, contribute one million dollars annually each to the fund, fostering partnership and support for transformational projects in developing countries.

India’s cumulative contribution to the IBSA Fund has exceeded $18 million since its establishment in 2004. The UNOSSC serves as the Fund Manager and Secretariat, supporting Southern-led, demand-driven projects that address various global challenges, including food security, HIV/AIDS, and access to safe drinking water.

The IBSA Fund has allocated $50.6 million to date, supporting 45 projects across 37 countries in the Global South. In 2022, it has approved projects in Southern Belize, South Sudan, and Palestine, focusing on rural electrification, sustainable agriculture, and agri-business development, respectively.

The project in Belize aims to enhance access to renewable energy in marginalized communities, addressing the highest poverty rate in the Toledo district. In South Sudan, the focus is on increasing vegetable and fish production to improve nutrition, food security, and livelihoods. The project in Palestine seeks to create sustainable job opportunities for women, youth, and recent graduates in the agricultural sector.

Additionally, the Board of Directors of the IBSA Fund approved the detailed design for a project in Mali, addressing climate change resilience in community farms and women’s empowerment. The project aims to strengthen the resilience of women producers and youth against the adverse effects of climate change.

India’s latest contribution underscores its commitment to global cooperation in achieving the United Nations Sustainable Development Goals, particularly in combating poverty and hunger.

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