The IBSA Fund is a remarkable example of cooperation among three developing countries, which pioneered the implementation of South-South cooperation initiatives in partnership with the United Nations system for the benefit of other Southern countries. Its purpose is to identify replicable and scalable projects that can be disseminated to interested developing countries as examples of good practices in the fight against poverty and hunger. The IBSA Fund, which was established in 2004 and became operational in 2006, supports projects on a demand-driven basis through partnerships with local governments, national institutions and implementing partners.
The projects supported by the IBSA Fund are concrete expressions of solidarity for the benefit of the most vulnerable and marginalized people, with the objectives of promoting food security, addressing HIV and AIDS, extending access to safe drinking water, and promoting quality education and gender equality, all with the aim of contributing to the achievement of the Sustainable Development Goals (SDGs). A total of 42 development projects have been supported through the IBSA Fund in 36 countries, with $46.5 million allocated. As of 2022, a total of 6 projects were ongoing, 29 had been completed and 7 were under preparation for implementation.
