IBSA Fund Approves New Projects for Bolivia, Kiribati and Zambia

New York – During their second meeting of 2017, the Board of Directors of the India, Brazil and South Africa Facility for Poverty and Hunger Alleviation (IBSA Fund) approved three projects:

• An initiative enhancing food security in Bolivia through the acquisition of machinery and drilling equipment to be managed by livestock associations affected by floods and droughts in the regions of Beni and Pando;
• A proposal for Kiribati aimed at enhancing inclusive sustainable economic development through the coconut sector, which has strong capacity-building elements among coconut farmers, extension workers/trainers and interested youth; and
• An initiative for Zambia that will develop rural livelihoods among small-scale farmers through improved production and processing of soya bean crops and products.

Together these three initiatives represent a budget of about $2.3 million, and exemplify the demand-driven and thematically-varied support of the IBSA Fund across continents.

“As current IBSA Fund Chair, I am very pleased about today’s approval and the continuous commitment of IBSA to support developmental activities through South-South cooperation with partner countries,” said H.E. Mr. Ephraim Leshala Mminele, Deputy Permanent Representative of South Africa to the United Nations in New York.