India contributed $1 million to the IBSA Fund for poverty and hunger alleviation.
India announced to contribute $1 million to the Poverty and Hunger Alleviation Fund established by India, Brazil, and South Africa (IBSA).
The IBSA countries – India, Brazil and South Africa – each contribute one million dollars annually to the Fund in a spirit of partnership and support for demand-driven, transformational projects in developing countries.
Poverty and Hunger Alleviation Fund of IBSA was established in 2004 and became operational in 2006.
The UN Office for South-South Cooperation (UNOSSC) acts as the Fund Manager and Secretariat of the IBSA Fund.
Till now, the IBSA Fund has allocated $ 50.6 million to 45 projects across 37 countries of the global South.
