Never miss a story

Get subscribed to our newsletter


×
United Nations announcement of portfolio IBSA fund (IANS)

United Nations, September 12, 2017 : The India-Brazil-South Africa (IBSA) Fund has set a new standard for cooperation among developing countries, a top UN official said here.

Speaking at the release of the IBSA 2017 portfolio on Monday, South Africa’s Permanent Representative to the UN Jerry Matthews Matjila said the IBSA Fund makes free grants wihout conditions and has a very strong commitment to the recipient countries taking ownership of the projects and sharing the leadership.


The three countries have contributed $35 million to the Fund formally known as the IBSA Facility for Poverty and Hunger Alleviation so far benefiting 21 developing countries.

The 27 projects in these countries range from training the staff of Sierra Leone President’s Office to solid waste management in Guyana and Haiti, and from sports development in Palestine to a clean stove project in Fiji to benefit rural women.

The Fund is managed by the UN Office for South-South Cooperation.

Speaking on behalf of the three countries, Matjila, who is the 2017 chair of the Fund, said their philosophy is to grow together with the partners because of shared challenges and to be a catalyst for development.

India’s Permanent Representative Syed Akbaruddin told IANS that the IBSA initiative was “in the best tradition of South-South cooperation”.

“The three democracies hailing from three different continents are working with our partners from the global South to share our experiences of development for mutual benefit,” he said.

Speaking on behalf the recipient nations, Guyana’s Permanent Representative Rudolph Michael Ten-Pow said the Fund gave a tangible expression to the cooperation by developing countries — a solidarity of the countries facing challenges that they try to solve by sharing best practices along with resources.

The IBSA-funded solid waste management project in his country also helped develop a national strategy for recycling, which will help it achieve the UN Sustainable Development Goals, Ten-Pow added.

An exhibition showcasing the projects undertaken with the backing of the Fund was unveiled at the UN.

UN Secretary-General Antonio Guterres said in a message: “The IBSA Fund shows how developing countries can work together to eradicate poverty and build a more peaceful and sustainable world for all.” (IANS)


Popular

VOA

This image released by Disney Theatrical Productions shows, from second left, Michael James Scott as Genie, Michael Maliakel as Aladdin, and Shoba Narayan as Jasmine after a performance of the Broadway musical "Aladdin" in New York on Sept. 28, 2021

As kids growing up in different states, Shoba Narayan and Michael Maliakel shared a love of one favorite film — "Aladdin." Both are of Indian descent, and in the animated movie, they saw people who looked like them.

That shared love has gone full-circle this month as Narayan and Maliakel lead the Broadway company of the musical "Aladdin" out of the pandemic, playing Princess Jasmine and the hero from the title, respectively.

Keep Reading Show less
VOA

Bottles of Jack Daniel's whiskeys are displayed at Rossi's Deli in San Francisco

Jack Daniel's is the world's most popular whiskey brand, but until recently, few people knew the liquor was created by Nathan "Nearest" Green, an enslaved Black man who mentored Daniel.

"We've always known," says Debbie Staples, a great-great-granddaughter of Green's who heard the story from her grandmother. … "He made the whiskey, and he taught Jack Daniel. And people didn't believe it … it's hurtful. I don't know if it was because he was a Black man."

Keep Reading Show less
Photo by Aksh yadav on Unsplash

Cricket fans can now book the ultimate experience with the official accommodation booking partner for the ICC Men's T20 World Cup

Cricket fans can now book the ultimate experience with the official accommodation booking partner for the ICC Men's T20 World Cup, Booking.com. The T20 Pavillion, a bespoke cricket-themed luxury stay that transforms the Presidential Suite at Grand Hyatt Mumbai Hotel and Residences into a classic cricket stadium.


The suite offers guests an all-inclusive once-in-a-lifetime experience during the India vs Pakistan ICC Men's T20 World Cup match on October 24, 2021, packed with quirks and luxuries that is sure to satisfy even the biggest cricket enthusiast. Additionally, as a part of the experience, guests will also have the exclusive opportunity to meet Bollywood actor Shraddha Kapoor at The T20 Pavilion.

Keep reading... Show less