India-Brazil-South Africa Trilateral Cooperative Forum (IBSA)

In News 

• India hosted the 10th Ministerial Commission of Foreign Ministers of the India-Brazil-South Africa Trilateral Cooperative Forum (IBSA).

India-Brazil-South Africa Trilateral Cooperative Forum (IBSA)

• About:
  • It is a unique Forum which brings together India, Brazil and South Africa, three large democracies and major economies from three different continents, facing similar challenges. 
  • All three countries are developing, pluralistic, multicultural, multi-ethnic, multilingual and multi-religious nations. 
  • The grouping was formalised and named the IBSA Dialogue Forum when the Foreign Ministers of the three countries met in Brasilia on 6 June 2003 and issued the Brasilia Declaration. 
  • IBSA exemplifies the spirit of South-South cooperation and The IBSA Fund is a special feature of IBSA collaboration.
• Cooperation in IBSA:
  • As a forum for consultation and coordination on global and regional political issues, such as, the reform of the global institutions of political and economic governance, WTO/Doha Development Agenda, climate change, terrorism etc.; 
  • Trilateral collaboration on concrete areas/projects, through fourteen working groups and six People-to-People Forums, for the common benefit of three countries; 
  • Third, assisting other developing countries by taking up projects in the latter through IBSA Fund.

Source:BS