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India contributes $1 mn to UN Development Partnership Fund

Feb 5, 2018 13:54 IST
    India contributes $1 mn to UN Development Partnership Fund
    India contributes $1 mn to UN Development Partnership Fund

    India on February 1, 2018 contributed an additional $1 million to the India-UN Development Partnership Fund, earmarked for South-South cooperation.

    According to the UN Office of South-South Cooperation (UNOSSC), the contribution aims to intensify India’s partnerships with other developing countries.

    Background

    • India had pledged a multi-year contribution of $100 million to the fund established in June 2017 and has already provided $6 million within seven months of its launch.

    • The fund focuses on the Least Developed Countries and Small Island Developing States.

    • Managed by the UNOSSC, the fund has developed an impressive portfolio of projects including in climate resilience, improving maternal health, youth employment, agricultural development, and infrastructure.

    • The fund is also helping with reconstruction efforts in hurricanes-affected countries.

    • Its first project is a Climate Early Warning System for Pacific Island Countries.

    About UNOSSC

    • The organisation was established by the UN General Assembly in 1974, as a special unit within the United Nations Development Programme to promote technical co-operation among developing countries.

    • Its name was changed to the United Nations Office for South-South Cooperation (UNOSSC) by a High-level Committee decision endorsed by the General Assembly in April 2012.

    • It was mainly established to promote, coordinate and support South-South and triangular cooperation globally and within the United Nations system.

    • The organisation works to support countries’ efforts to manage, design and implement South-South cooperation policies and initiatives through the identification, sharing and transfer of successful southern-generated development solutions.

    • It enables the countries of the south including the emerging, middle income and least developed economies to work together to use their wealth of resources, tangible and intangible, in support of national, regional and global development efforts.

    India contributes $1 mn to UN Development Partnership Fund

    UNDP, UNOSSC, Development Fund, India, Emerging Economies, South-South Cooperation, United Nations

    India has contributed an additional $1 million to the India-UN Development Partnership Fund, earmarked for South-South cooperation. The contribution aims to intensify India’s partnerships with other developing countries.

    India had pledged a multi-year contribution of $100 million to the fund established in June 2017 and has already provided $6 million within seven months of its launch.

     

     

    India on February 1, 2018 contributed an additional $1 million to the India-UN Development Partnership Fund, earmarked for South-South cooperation.

    According to the UN Office of South-South Cooperation (UNOSSC), the contribution aims to intensify India’s partnerships with other developing countries.

    Background

    ·         India had pledged a multi-year contribution of $100 million to the fund established in June 2017 and has already provided $6 million within seven months of its launch.

    ·         The fund focuses on the Least Developed Countries and Small Island Developing States.

    ·         Managed by the UNOSSC, the fund has developed an impressive portfolio of projects including in climate resilience, improving maternal health, youth employment, agricultural development, and infrastructure.

    ·         The fund is also helping with reconstruction efforts in hurricanes-affected countries.

    ·         Its first project is a Climate Early Warning System for Pacific Island Countries.

    About UNOSSC

    ·         The organisation was established by the UN General Assembly in 1974, as a special unit within the United Nations Development Programme to promote technical co-operation among developing countries.

    ·         Its name was changed to the United Nations Office for South-South Cooperation (UNOSSC) by a High-level Committee decision endorsed by the General Assembly in April 2012.

    ·         It was mainly established to promote, coordinate and support South-South and triangular cooperation globally and within the United Nations system.

    ·         The organisation works to support countries’ efforts to manage, design and implement South-South cooperation policies and initiatives through the identification, sharing and transfer of successful southern-generated development solutions.

    ·         It enables the countries of the south including the emerging, middle income and least developed economies to work together to use their wealth of resources, tangible and intangible, in support of national, regional and global development efforts.

     

     

    Quick Digest

    Who: India

    What: Contributes $1 mn to UNDP Fund

    When: February 1 , 2018

    Is this article important for exams ? Yes4 People Agreed

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