India contributes additional $1 million to India-UN Development Partnership Fund
India has contributed an additional $1 million to India-UN Development Partnership Fund launched to support sustainable development projects across the developing world.
Earlier, India had made an initial contribution of $1 million when the fund was created. The amount was allocated for the implementation of a project benefiting seven Small Island Developing States in South Pacific Ocean.
India-UN Development Partnership Fund
The fund was set up in 9 June 2017 (on occasion of the World Oceans Day) as a partnership between India and the United Nations Office for South-South Cooperation (UNOSSC). It is managed by UNOSSC. The fund will be utilized to carry out country-level projects that would be catalytic towards achieving the 17 sustainable development goals (SDGs) of the 2030 Agenda.
The fund 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.
United Nations Office for South-South Cooperation (UNOSSC)
The UNOSSC was established with an objective to promote, coordinate and support South-South and triangular cooperation across the world within the UN system. It has its genesis in 1974 when the United Nations General Assembly (UNGA) had endorsed the establishment of a special unit to promote technical cooperation among developing countries within the United Nations Development Programme (UNDP). In 2012, the special unit was given the name UNOSSC by the UNGA through a resolution. UNOSSC receives policy directives and guidance from the UNGA.
Month: Current Affairs - July, 2017