IBSA

IBSA:

 #GS II #International Relations

Topic International Relations:

 Context:

  • According to the Geneva-based DiploFoundation, the three nations that make up the tripartite IBSA Forum—India, Brazil, and South Africa—might be key players in the process of changing digital governance at a time when geopolitical tensions in this area are still quite high.

About:

  • The trilateral IBSA development project involves collaboration and idea sharing between South Africa, Brazil, and India.
  • South-South Collaboration (SSC) is not a brand-new concept. A few instances of the decades-long collaboration between nations and organisations to maintain South-South unity include the Bandung Conference in 1955, the Non-Aligned Movement in 1961, the G77 group, UNCTAD, the Buenos Aires Plan of Action in 1978, and the Nairobi Declaration in 2009.

Formation:

  • On June 6, 2003, the foreign ministers of the three nations convened in Brasilia (Brazil), where the group was given the moniker IBSA Dialogue Forum.

Headquarters:

  • Both a central office and a specialised executive secretariat are lacking in IBSA.
  • It depends on summits of leaders of state and government at the highest level.
  • Five IBSA Leadership Summits have previously taken place. In 2011, the fifth IBSA Summit took place in Pretoria, South Africa. India, the host nation, will hold the sixth IBSA Summit.

 Joint Naval Training:

  • An essential part of the trilateral defence cooperation between IBSA nations is IBSAMAR (IBSA Maritime Exercise).
  • There have been six IBSAMAR incidents, with the most recent occurring in October 2018 off the coast of South Africa.

The IBSA Support Fund:

  • The India, Brazil, and South Africa Facility for Poverty and Hunger Alleviation, or IBSA Fund, was established in 2004 and is a special fund through which development initiatives are carried out with IBSA funding in other developing nations.
  • The management of the fund is under the control of the UN Office for South-South Cooperation (UNOSSC). A $1 million annual contribution is expected from each IBSA member nation.

Objectives:

  • Help reduce famine and poverty in South American countries.
  • To implement scalable, replicable projects in South Asian nations interested in receiving them in order to establish best practises for the struggle against hunger and poverty.
  • To establish the South-South Cooperation Initiative as a pioneer and role model.
  • To establish new business alliances in order to grow.

Program for IBSA Fellowships:

  • It focuses on multilateral institutional frameworks to coordinate, foster, and support sustainable development globally; cooperative research for collaboration and information sharing in the macroeconomics, trade, and development fields; and any other area that may be found of interest within the IBSA framework.

Performance as of now:

  • Significance following the foundation of BRICS: The association is struggling mightily to stay relevant in light of the emergence of groups like BRICS (Brazil, Russia, India, China and South Africa).
  • The IBSA had been unable to host its sixth summit up until this moment.

 Human Development Projects Implementation:

  • The fund has invested $39 million over the years and collaborated on 26 projects with 19 global South nations.
  • Guinea Bissau, Sierra Leone, Cape Verde, Burundi, Cambodia, Haiti, Palestine, Vietnam, and other nations have also received project funding.
  • The fund was given the UN MDG Award in 2010, the South-South and Triangle Collaboration Champions Award in 2012, and the UN South-South Partnership Award in 2006. The fund has also been praised for its exceptional results in the area.

 

Source The Hindu