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News: The Board of Directors of the India-UN Development Partnership Fund met at India’s Permanent Mission in New York to review operations, ongoing projects, and future scope.
About India-UN Development Partnership Fund
Source – India in UN
- It is a fund established by India in partnership with the United Nations to support development projects in other developing countries, especially in the Global South.
- Established in: It was established in 2017.
- Implemented by: It is implemented by the United Nations agencies in close collaboration with partnering governments.
- Managed by: It is managed by the United Nations Office for South-South Cooperation.
- Core Objectives:
- South-South Cooperation: It promotes shared prosperity through Southern-owned and led, demand-driven development initiatives.
- SDG Alignment: It supports projects contributing to all 17 Sustainable Development Goals across sectors like health, climate resilience, and infrastructure.
- Priority Groups: It focuses on least developed countries and small island developing States.
- Funding
- Commitment: The Government of India has committed $150 million over 10 years.
- Commonwealth Window: A specific $50 million portion of the fund is dedicated to supporting developing countries within the Commonwealth of Nations.
- Significance: It promotes shared prosperity and strengthens cooperation between developing countries through sustainable and country-led development initiatives.
