The India-Brazil-South Africa Dialogue Forum (IBSA) was created in June 2003.
The mechanism, which brings together three large multi-ethnic democracies in the developing world, entails political coordination, sectoral cooperation and cooperation with third countries, implemented by the IBSA Fund.
To date, five IBSA Summit meetings have been held:
- 1st IBSA Summit – Brasilia, September 2006;
- 2nd IBSA Summit – Pretoria, October 2007;
- 3rd IBSA Summit – New Delhi, October 2008;
- 4th IBSA Summit – Brasilia, April 2010; and
- 5th IBSA Summit – Pretoria, October 2011.
Currently, IBSA has the following working groups in operation:
- WG on Customs and Tax Administration;
- WG on Agriculture;
- WG on Trade, Investment and Infrastructure;
- WG on Defense;
- WG on Blue Economy;
- WG on Energy; and
- WG on Tourism.
The most prominent initiative of the Dialogue Forum, the IBSA Fund has been financing social infrastructure projects in least-developed countries since 2004. Its resources are managed by the United Nations Office for South-South Cooperation (UNOSSC) and transferred to selected projects.
Since the creation of the Fund, 31 projects have been financed in 21 countries from different regions and continents, especially the least-developed countries. To date, the IBSA Fund has allocated more than $ 31 million. The following projects are highlighted:
- Health Care Infrastructure Refurbishment in the cities of Covoada and Ribeira Brava (Cabo Verde);
- Agricultural Development (Phase I), in Bissa, N'tatelai and Capafa (Guinea-Bissau);
- Development of Agriculture and Rural Communities Services (Phase II), in the regions of Bafatá, Oio and Biombo (Guinea-Bissau);
- Solid waste collection and recycling: a tool to reduce violence and conflict in Carrefour Feuilles (Phases I and II), Port-au-Prince (Haiti).
For its successful initiatives, the IBSA Fund has earned the following awards: the ‘United Nations South-South Partnership Award, granted by the United Nations Development Programme (UNDP) in 2006; the ‘Millennium Development Goals Awards’, granted in 2010 by the NGO ‘Millennium Development Goals Awards Committee’, and the ‘South-South and Triangular Cooperation Champions Award’, bestowed in 2012 by the United Nations Office for South-South Cooperation (UNOSSC), for its innovative contribution to the triangular South-South cooperation.