India contributes $ 100 million to UN Partnership Fund | Current Affairs, Current Affairs 2017

India contributes $ 100 million to UN Partnership Fund

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Aiming to support sustainable development projects across developing countries, India has pledged an additional $100 million towards the UN partnership fund.

The India-UN development partnership fund was set up earlier this year as a partnership between India and the United Nations Office for South-South Cooperation (UNOSSC). Anjani Kumar, counsellor at the Permanent Mission of India to the UN, announced the multi-year contribution at the 2017 UN Pledging Conference for Development Activities on Monday.

This contribution would be in addition to $10.582 million India is contributing to various other UN programmes, Kumar said. “I am happy to announce that India has now decided to significantly scale up the contribution to the fund through a multi-year contribution of $100 million,” Kumar said on behalf of India. “India believes that the UN should have the necessary resources to finance its activities, in an appropriate and balanced manner,” he said.

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, he noted. Of the $5 million India contributed to the fund this year, $2 million would be utilised for reconstruction in Dominica and Antigua and Barbuda, which took a big hit from hurricanes, he said.

 

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