India-Brazil-South Africa Facility for Poverty and Hunger Alleviation
About the Fund
The India, Brazil and South Africa Facility for Poverty and Hunger Alleviation (IBSA Fund) became operational in 2006. It is a unique initiative to enhance South-South cooperation for the benefit of nations of the South. This fund facilitates the execution of human development projects to advance the fight against poverty and hunger in developing countries. The fund focuses to identify replicable and scalable projects that can be disseminated to interested developing countries as examples of best practices in the fight against poverty and hunger. Projects under the IBSA Fund are carried out in collaboration and consultation with partner countries, through South-South Cooperation mechanisms.
Process and Project Cycle
Local / national stakeholder(s) or governmental institutions in any developing country are eligible for financing through the IBSA Fund. Project proposed by non-governmental institutions, should be endorsed by the local Government.
The IBSA Trust Fund operates through a demand driven approach. Governments requesting support by this fund initiate discussions with focal points appointed among IBSA countries’ officers around the world. IBSA Focal Points are Senior Officials in the capitals representing the Governments of the IBSA countries. These focal points submit proposals to the IBSA board of directors for review. If a proposal receives favorable review, United Nations Office for South-South Cooperation, which acts as the fund manager and board of directors’ secretariat, initiates contact with a potential executing agency to advance a project formulation, and to facilitate the project’s implementation.
The following are the sequential steps for the submission and approval of project proposals:
Substantive Criteria for IBSA Fund Projects
Priority Project Areas
Among other criteria, the Board of Directors will also consider projects that address issues regarding empowerment of women and gender mainstreaming. There will be no conditionality on the provision of IBSA Fund support.
Governance Mechanism: The IBSA Fund Board of Directors
The IBSA Fund Board of Directors is composed of the Deputy Permanent Representatives, of India, Brazil and South Africa to the United Nations in New York and the UNOSSC Director. The Board meets once every three months, and in more occasions if necessary. The Board reports to the three IBSA Focal Points on a regular and individual basis by keeping them informed of the outcomes of Board meetings, all reports and of new developments.
The Board approves summary proposals and detailed projects and continuously provides strategic direction to IBSA projects to ensure their successful implementation through strong South-South partnerships.