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
