UN-India Partnership Fund: India to contribute additional $100 million
India has pledged additional US $100 million towards UN-India Partnership Fund to significantly scale up its support to sustainable development projects across the developing world.
This contribution will be in addition to US $10.582 million, India is contributing to various other UN programmes. The first project from fund is being executed in partnership with seven Pacific Island countries.
India-UN Development Partnership Fund
The fund was set up as partnership between India and the United Nations Office for South-South Cooperation (UNOSSC) on 9 June 2017 i.e. on occasion of the World Oceans Day. It is managed by UNOSSC. It aims to support Southern-owned and led, demand-driven and transformational sustainable development projects across developing world.
UN agencies will implement Fund’s projects in close collaboration with partnering governments. It prioritises projects reducing poverty and hunger, improving health, education and equality, and expanding access to clean water and energy and livelihoods.
It mainly focuses on transformational sustainable development projects in Least Developed Countries (LDCs) and Small Island Developing States. The projects under the fund are implemented by UN agencies in close collaboration with partnering governments.
Categories: India Current Affairs 2017