Consider the following statements about IBSA Fund 1 The fund helps to facilitate execution of human ...........

International Affairs Other Regional Groupings

Consider the following statements about IBSA Fund:

1.The fund helps to facilitate execution of human development projects in order to fight poverty and hunger only in India, Brazil and South Africa.

2.The fund is managed by UN Office for South-South Cooperation (UNOSSC).

3.Each country contributed equally to this fund per annum.

How many of the statements given above is/are correct?

Only One

Only Two

All Three

None

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Explanation:

2 and 3 only

The fund helps to facilitate the execution of human development projects in order to fight poverty and hunger only in India, Brazil, and South Africa." - This statement is incorrect. The IBSA Fund, officially known as the IBSA Facility for Poverty and Hunger Alleviation, is a joint initiative of India, Brazil, and South Africa to support projects in other developing countries, particularly in Africa. It is not limited to the three founding countries.

"The fund is managed by the UN Office for South-South Cooperation (UNOSSC)." - This statement is correct. The IBSA Fund is indeed managed by the UN Office for South-South Cooperation.

"Each country contributed equally to this fund per annum." - This statement is corrrect as each country contribute equal.

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