NEW YORK CITY-- The foreign ministers of the India, Brazil and South Africa (IBSA) member states have underscored the strategic significance of the group in safeguarding and advancing the interests of the South on the global stage when they met here last week.
They stressed the importance of multilateralism and the need to reform global governance structures in order to make them more inclusive, democratic, representative, transparent and responsive to the needs of the South, the group said following their discussions on the sidelines of the ongoing United Nations General Assembly session here on Thursday.
The Ministers noted with satisfaction the decision to enhance co-operation based on its three pillars -- political co-ordination in multilateral fora, trilateral co-operation; and co-operation with other developing countries through the IBSA Fund for the Alleviation of Poverty and Hunger.
In their communique, the Ministers underscored the IBSA Declaration on South-South Co-operation issued in June 2018 in Pretoria in the context of the run-up to the 2nd High-level UN Conference on South-South Co-operation, to be held in Buenos Aires in March 2019.
They stressed that this provides a unique opportunity for the strengthening of future trilateral co-operation with other developing countries through the IBSA Fund for the Alleviation of Poverty and Hunger. They emphasized the important role played by the IBSA Fund through sharing of developmental experience of IBSA countries and recalled, with satisfaction, the signature in 2017 of the IBSA Fund Agreement, that will guarantee a steady flow of resources to boost its activities.
The Ministers reiterated their intention to further deepen and strengthen the IBSA Dialogue Forum and stressed the importance of close co-ordination and co-operation among IBSA countries in various multilateral fora including the UN, the Group of 20, the World Health Organization (WHO), World Trade Organization (WTO), the World Intellectual Property Organization (WIPO) and the United Nations Framework Convention on Climate Change (UNFCCC).
The meeting, which was attended by South African International Relations and Co-operation Minister LindiweSisulu, Indian External Relations Minister SushmaSwaraj and Brazilian Foreign Minister AloysioNunes Ferreira, also discussed key areas of co-operation such as the UN Security Council reforms, the implementation of Sustainable Development Goals (SDGs), climate change, terrorism, human rights, refugees and financing for development.
Source: NAM NEWS NETWORK