The India-Brazil-South Africa (IBSA) Fund represents a tangible example of Global South cooperation addressing development priorities collectively, Minister of State for Women and Child Development, Savitri Thakur has said during the 70th Session of the Commission on the Status of Women (CSW-70) at the UN Headquarters.

The Fund is a far-sighted joint initiative of the government of India, Brazil and South Africa, that has proven its utility by supporting over 50 development assistance projects across close to 40 countries since its establishment in 2004, Thakur said yesterday at the UN Headquarters. Addressing the gathering, the Minister highlighted how Global South-led multilateral cooperation is contributing to women’s empowerment and sustainable development across countries. The Minister further underscored that the IBSA Fund places a strong emphasis on projects that enhance women’s agency and leadership, reflecting India’s broader vision of women-led development.