IBSA Summit Current Affairs
A meeting between external affairs ministers of India, Brazil and South Africa was organized in Pretoria, South Africa. This ministerial summit chaired by India’s External Affairs Minister Sushma Swaraj was attended by South African Minister of International Affairs and Cooperation Lindiwe Sisulu and the Brazilian Deputy Minister of Foreign Affairs Marcos Bezerra Abbott Galvao.
The outcome of this meeting was a document titled IBSA Declaration on South-South Cooperation. This document calls for contribtion of each of the member of IBSA forum to contribute to greater understanding of development cooperation as a common endeavour of the global South.
IBSA Dialogue Forum, comprising India, Brazil, South Africa, is a tripartite group which supports promotion of cooperation in various fields between these three important poles of South-South cooperation. Main objective of IBSA include:
- To promote South-South cooperation by making an important axis between three important countries of three continents viz. India, Africa and South America.
- To build consensus on issues of international importance such as UN and UNSC reforms and reforms in Brettonwoods Organizations.
- To increase trade / exchange of information opportunities between the three countries and their efforts in international poverty alleviation and social development.
IBSA was established in 2003 via Brasilia Declaration by external affairs ministers of India, Brazil and South Africa.