Union Cabinet gives nod to Tripartite Agreement of IBSA Fund for the Alleviation of Poverty and Hunger

Comments (0)

The Union Cabinet has approved the signing of the Tripartite Agreement among India, Brazil and South Africa (IBSA), on the IBSA Fund for the Alleviation of Poverty and Hunger.The decision would help in strengthening the IBSA Fund which is a unique vehicle in the context of South-South cooperation.

The IBSA Fund for the Alleviation of Poverty and Hunger was set up in 2004 as one of the three pillars of cooperation under the IBSA Dialogue Forum. The other two pillars are consultation and coordination on global political issues and trilateral collaboration in concrete areas and project.

The IBSA Fund undertakes development projects in third countries. The first project to be financed by the IBSA Fund was in support of agriculture and livestock development. The IBSA Fund was conferred the South-South Partnership Award at the 2006 UN Day event held in New York in December 2006. This indicates the importance and recognition of the IBSA Fund in the context of South-South developmental cooperation

The IBSA countries contribute $ 1 million each annually to the Fund, which till January 2015 has accumulated to $ 28.2 million, with total implemented/approved projects commitment of US$ 26.2 million, and remaining $ 2.09 million available for programming. India on its part has contributed $ 9.1 million so far to the fund

The IBSA Dialogue Forum launched in June 2003, was conceived as a forum for cooperation among three vibrant democracies of the South that are recognized as having global relevance and impact. All three are developing nations with pluralistic, multi-cultural, multi-ethnic, multi-lingual and multi-religious societies. 

Hunger in India :-

India is home to 194.6 million undernourished people, the highest in the world, according to the annual report by the Food and Agriculture Organization of the United Nations. This translates into over 15 per cent of India’s population, exceeding China in both absolute numbers and proportion of malnourished people in the country's population.

There has however been a significant reduction in the proportion of undernourished people in India — by 36 per cent — from 1990-92. In India, the extended food distribution programme has contributed to a positive outcome.

Global Hunger Population :-

Around the world, 795 million people — or around one in nine — are undernourished. Asia and the Pacific account for almost 62 per cent of this section. Yet, the trends are positive, with a decrease in the prevalence of people with undernourishment — from 18.6 pc in 1990-92 to 10.9 percent in 2014-16 worldwide.

Practice Questions