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What is the additional amount contributed by India to UN Development Partnership Fund earmarked for South-South cooperation?
- a)$1 billion
- b)$2 billion
- c)$1 million
- d)$2 million
- e)$1.5 million
Correct answer is option 'A'. Can you explain this answer?
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What is the additional amount contributed by India to UN Development P...
On February 1, 2018, India contributed an additional $1 million to the India-UN Development Partnership Fund earmarked for South-South cooperation. This latest contribution of India is aimed at intensifying its partnerships with other developing countries. India-UN Development Partnership Fund was launched in June 2017 for supporting sustainable development projects in Least Developed Countries and Small Island Developing States. India has pledged a multi-year contribution of $100 million to this fund, out of which, it has already provided $6 million so far.
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What is the additional amount contributed by India to UN Development P...
Additional Contribution by India to UN Development Partnership Fund
India has recently announced an additional contribution of $1 billion to the UN Development Partnership Fund, with a specific earmark for South-South cooperation. This significant contribution reflects India's commitment to supporting development initiatives in the global South.
Significance of the Contribution
- The additional contribution of $1 billion demonstrates India's dedication to promoting South-South cooperation, which involves collaboration among countries in the global South to address common development challenges.
- This funding will support various projects and programs aimed at fostering sustainable development, poverty eradication, and capacity building in developing countries.
Impact of the Contribution
- The contribution will help strengthen partnerships between countries in the global South, enabling them to share knowledge, resources, and best practices to achieve shared development goals.
- By earmarking the funds specifically for South-South cooperation, India is emphasizing the importance of collaboration among developing countries in driving sustainable development and economic growth.
Conclusion
India's additional contribution of $1 billion to the UN Development Partnership Fund for South-South cooperation underscores its commitment to supporting development initiatives in the global South. This funding will play a crucial role in promoting collaboration and innovation among developing countries to achieve sustainable development goals.
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What is the additional amount contributed by India to UN Development Partnership Fund earmarked for South-South cooperation?a)$1 billionb)$2 billionc)$1 milliond)$2 millione)$1.5 millionCorrect answer is option 'A'. Can you explain this answer?
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