India has recently contributed 1 million US Dollars to the Poverty and Hunger Alleviation Fund established by India, Brazil, and South Africa (IBSA). The contribution was made by India’s Permanent Representative to the UN, Ambassador Ruchira Kamboj, who handed over the cheque to the Director of the UN Office for South-South Cooperation (UNOSSC), Dima Al-Khatib. This fund aims to alleviate poverty and hunger in the Global South.
Ambassador Kamboj’s Statement
Ambassador Kamboj expressed India’s commitment to supporting the IBSA Fund, emphasizing its positive impact on millions of lives across the Global South. She highlighted how the fund strengthens the spirit of South-South cooperation. Additionally, she mentioned that India’s G20 Presidency prioritizes the development of people, by the people, and for the people.
Establishment and Operationalization
The IBSA Facility for Poverty and Hunger Alleviation (IBSA Fund) was jointly established by India, Brazil, and South Africa in March 2004. It became operational in 2006. This fund serves the purpose of identifying replicable and scalable projects that can be disseminated to developing countries based on demand.
Objectives of the IBSA Fund
- Identifying Projects: The fund aims to identify projects that are replicable and scalable, ensuring their dissemination to developing countries.
- National and International Goals: Projects supported by the IBSA Fund assist partner countries in the Global South in achieving their national priorities and internationally agreed development goals.
Multiple Choice Questions (MCQs):
- When was the IBSA Facility for Poverty and Hunger Alleviation (IBSA Fund) established?
- A) 2004
- B) 2006
- C) 2008
- D) 2010
- Answer: A) 2004
- Who handed over India’s recent contribution of 1 million US Dollars to the IBSA Fund?
- A) Ambassador Ruchira Kamboj
- B) Dima Al-Khatib
- C) Brazil’s Permanent Representative to the UN
- D) South Africa’s Director of UNOSSC
- Answer: A) Ambassador Ruchira Kamboj
- What is the primary objective of the IBSA Fund?
- A) Promoting education in the Global South
- B) Alleviating poverty and hunger
- C) Providing healthcare services
- D) Supporting environmental conservation
- Answer: B) Alleviating poverty and hunger
- Which countries jointly established the IBSA Fund?
- A) India, China, and Russia
- B) India, Brazil, and South Africa
- C) India, Bangladesh, and Sri Lanka
- D) India, USA, and UK
- Answer: B) India, Brazil, and South Africa