India-US Global Development Partnership Agreement

Share with Your Friends

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

India-US Global Development Partnership Agreement

India-US Global Development Partnership Agreement

Recently, India and the United States have renewed the Global Development Partnership Agreement for five years.

  • This Global Development Partnership Renewal Agreement of India and the United States provides for jointly providing assistance to their allies.
  • Simultaneously, both sides have signed amendments to the Statement of Guiding Principles (SGP) on Triangular Cooperation for Global Development. This has extended the validity of the agreement till the year 2026.
  • Feed the Future India Triangular Training Program for Africa (FTFITT) is an example of a project undertaken under this.
  • Initially the SGP agreement was signed in the year 2014 and was renewed in the year 2019 till the year 2021.

Triangular cooperation

  • Triangular cooperation consists of three agents, the beneficiary partner, the facilitator partner and the principal partner, i.e. two from the south (facilitator and beneficiary partner) and one from the north (the principal partner). There may also be an international multilateral organization as a main participant.
  • The division of ‘North’ and ‘South’ is used to refer to the social, economic and political differences that exist between developed countries (North) and developing countries (South).

Other examples of partner India’s triangular cooperation:

India-Japan Cooperation: Asia-Africa Growth Corridor (AAGC).

India-United Kingdom Triangular Project: It is called Supporting India’s Trade Preferences for Africa: SITA. It is funded by the United Kingdom’s Department for International Development (DFID).

Source – The Hindu

Download Our App




Related Articles

Youth Destination Facilities