Cabinet approval for signing Tripartite Agreement on the IBSA Fund for the Alleviation of Poverty and Hunger

India and Bangladesh sign Standard Operating Procedure (SOP) to operationalize agreement on coastal shipping

Question: Recently, among which countries cabinet has given its approval for signing Tripartite Agreement for the Alleviation of Poverty and Hunger?

(a) India, Brazil and America
(b) India, Sri Lanka and South Africa
(c) India , Brazil and South Africa
(d) India , Bangladesh and South Africa

Ans (c)

Related facts:

  • On 18 November 2015 the Union Cabinet has approved the signing of the Tripartite Agreement among India, Brazil and South Africa (IBSA), on the IBSA Fund for the Alleviation of Poverty and Hunger.
  • The decision will help in strengthening the IBSA Fund which is a unique vehicle in the context of South-South cooperation.
  • The IBSA countries contribute US$ 1 million each annually to the Fund, which till January 2015 has accumulated to US$ 28.2 million.
  • India on its part has contributed US$ 9.1 million so far to the Fund.
  • The IBSA Fund for the Alleviation of Poverty and Hunger was set up in 2004 as one of the three pillars of cooperation under the IBSA Dialogue Forum.

Reference:

http://pib.nic.in/newsite/PrintRelease.aspx?relid=131624

http://www.business-standard.com/article/government-press-release/cabinet-approval-for-signing-tripartite-agreement-among-india-brazil-and-south-115111800962_1.html