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IBSA Fund : India Contribution

IBSA Fund : India Contribution

India has contributed USD 1 million to a fund established by India, Brazil and South Africa.

  • IBSA Fund was established in 2004 and became operational in 2006.
  • 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 Southern-led, demand-driven, transformational projects in developing countries.
  • The purpose of the fund is to identify replicable and scalable projects that can be disseminated to developing countries on a demand-driven basis.
  • IBSA Fund-supported projects help partner countries in the Global South to achieve their national priorities, as well as all other internationally agreed development goals.
  • It includes promoting food security, addressing HIV/AIDS, and extending access to safe drinking water all to contribute to the achievement of the Sustainable Development Goals, the release said.


  • It is a unique Forum which brings together India, Brazil and South Africa, three large democracies and major economies from three different continents, facing similar challenges.
  • The grouping was formalised and named the IBSA Dialogue Forum when the Foreign Ministers of the three countries met in Brasilia on 6 June 2003 and issued the Brasilia Declaration