India to contribute USD 100 million to UN partnership fund

10/11/2017 139 India and the world | United Nations | View Recent Current Affairs

  •  India has pledged an additional USD 100 million towards the UN partnership fund, which significantly increases its support to sustainable development projects across the developing world. This contribution would be in addition to the USD 10.582 million India is contributing for various other UN programmes.
  • The first project from the fund is being executed in partnership with seven Pacific Island countries. The fund has since then identified 15 more projects.
  • Of the USD 5 million India contributed to the fund this year, USD 2 million would be utilised for reconstruction in Dominica and Antigua and Barbuda, which took a big hit from hurricanes.
  • A total of USD 398.98 million was pledged by about 20 countries during the conference session held on November 6.

About UN Partnership fund:

  • The India-UN Development Partnership Fund is a dedicated facility within the United Nations Fund for South-South Cooperation established in 2017.
  • It is supported and led by the Government of the Republic of India, managed by the United Nations Office for South-South Cooperation, and implemented in collaboration with the United Nations system.
  • The India-UN Development Partnership Fund supports Southern-owned and led, demand-driven, and transformational sustainable development projects across the developing world, with a focus on least developed countries and Small Island developing states.
  • United Nations agencies implement the Funds projects in close collaboration with partnering governments.

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Shubham goyal How would india benefit from this contribution?

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