International Groupings: IBSA Dialogue Forum

  • What is it?: The IBSA Dialogue Forum (India, Brazil, South Africa) is an international tripartite grouping for promoting international cooperation among these countries.
  • Formation:
    • Created in 2003.
    • The grouping was formalised under the name of the IBSA Dialogue Forum under the Brasilia Declaration.
  • Significance
    • It represents three important poles for galvanizing South–South cooperation.
    • The forum provides the three countries with a platform to engage in discussions for cooperation in the field of agriculture, trade, culture, and defence among others.
  • IBSA Fund:
    • It was established in 2004 which facilitates the execution of human development projects to advance the fight against poverty and hunger in developing countries.
    • It is managed by the UN Office for South-South Cooperation (UNOSSC).
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