IBSA Dialogue Forum (IBSA)

IBSA Dialogue Forum (IBSA)

Recently the 10th India-Brazil-South Africa Dialogue Forum (IBSA)-Trilateral Ministerial Commission (ITMC) meeting has been held.

  • External Affairs Minister level ITMC meeting was held in New York. It was presided over by the External Affairs Minister of India.
  • The Foreign Ministers reviewed all aspects of IBSA cooperation. They discussed global issues like UN Security Council reform, counter terrorism etc.
  • It also discussed regional issues such as the African Union, the peace process in the Middle East and the Ukraine War.

IBSA Dialogue Forum

  • The IBSA or G-3 group was formalized through the Brasilia Declaration in 2003, and was named the ‘IBSA Dialogue Forum’.
  • All three of its members are democracies and have large economies from three different continents.
  • These three countries are also facing similar challenges.
  • It is based on the spirit of South-South Cooperation (SSC). Cooperation between developing countries is called ‘South-South Cooperation’.
  • India will also host the sixth IBSA summit along with the G20 summit in November 2022.

Key Initiatives under IBSA –

  • The IBSA Fund has been established to eradicate demand-driven poverty and hunger in developing countries.
  • 14 Joint Working Groups have been set up for cooperation in the areas of transport, health, education, defence, science and technology etc.
  • The IBSA business platform was launched in the year 2005. The Confederation of Indian Industry (CII) coordinates India’s participation in this.
  • South-South Cooperation (SSC) refers to the exchange and sharing of ideas in solving development issues between countries located in the Global South.
  • The division of “North” and “South” is also used to refer to the social, economic and political differences that exist between developed countries (North) and developing countries (South).
  • However, a country is not defined as North or South by location. Rather it is defined by economic factors and the quality of life of their population.

Source- The Hindu

Download Our App

More Current Affairs

Share with Your Friends

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilations

Related Articles

Youth Destination Facilities