Daily Current Affairs 2021 India to contribute $100 mn to UN development fund | Daily Current Affairs 2021

India to contribute $100 mn to UN development fund

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India has pledged to contribute $100 million to the India-UN Development Partnership Fund to help the poorest nations achieve the world organisation’sSustainable Development Goals (SDGs) to reduce poverty and raise the quality of life.
Anjani Kumar, a Counsellor in India’s UN Mission, 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, he said.
A total of $398.98 million was pledged by about 20 countries during Monday’s conference session.
The Fund launched on June 8 is managed by the UN Office of South-South Cooperation (UNOSSC) and focuses on the least developed countries (LDCs) and Small Island Developing States (SIDS).
The $100 million that India is contributing is not earmarked “in the spirit of sustained predictable funding for SDGs and South-South Cooperation,” Kumar said.
“The first project from the Fund is being executed in partnership with seven Pacific Island countries,” Kumar said. “The Fund has since then identified 15 more projects.”
The $100 million contributions pledged to the Fund and $10.582 million to other programmes are in addition to the annual dues of about $35 million mandated by the General Assembly as India’s contributions towards the UN’s regular budget, the peacekeeping operations and the tribunals.
Kumar said that India will also be making contributions to the trust funds for victims of torture and modern slavery, and to the programme for UN Volunteers.

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