India has provided 10 lakh dollars to a joint fund formed by India, Brazil, and South Africa, which undertake projects aimed at reducing poverty and hunger. On Monday, Ruchira Kamboj, India's Permanent Representative to the UN Ambassador, handed over a cheque of $1 million as a contribution towards the India, Brazil and South Africa Facility for Poverty and Hunger Alleviation Fund (IBSA Fund) to Dima Al-Khatib, Director of the UN Office for South-South Cooperation (UNOSSC).
Speaking on the occasion, the UN Ambassador said the focus of India's G20 Presidency was the "development of the people, by the people and for the people". Accordingly, "India is committed to supporting the IBSA Fund as we believe that the Fund has made a positive impact on the lives of millions across the Global South and has strengthened the spirit of South-South cooperation," she said.
A press release issued by the Permanent Mission of India to the UN said that annually, each of the IBSA countries India, Brazil, and South Africa contributes one million dollars to the Fund in a sprit of partnership and support for Southern-led, demand-driven, transformative projects in developing nations.
This story is from the March 12, 2024 edition of The Business Guardian.
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This story is from the March 12, 2024 edition of The Business Guardian.
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