The Pérez-Guerrero Trust Fund for South-South Cooperation (PGTF) was established by the United Nations General Assembly in 1983, as a mechanism for supporting economic and technical cooperation among developing countries. PGTF’s catalytic financial support is geared towards projects carried out by three or more developing countries and activities that strengthen regional cooperation and provide mutual benefits across borders.
Financing is preferentially provided to projects that have the most significant impact and area of coverage, and address priority areas of the Caracas Programme of Action on Economic Cooperation among Developing Countries and the Havana Programme of Action on Technical Cooperation Among Developing Countries. All projects are demand-driven, reflect the priorities of the partnering countries and address matters of critical importance to members of the Group of 77 (G-77).
The United Nations Office for South-South Cooperation serves as the Fund Manager of the PGTF, and upon approval by the G-77, the UN Development Programme channels and helps implement PGTF resources through projects around the world.
PGTF has utilized the interest produced by its $7 million capital endowment, along with voluntary annual contributions from Member States, 47 to date, to fund 244 collaborative projects among developing countries members of the Group of 77. To date, the PGTF has supported projects totaling $13.2 million and benefiting a total of 141 G-77 countries. Its vast activities have covered topics such as food and agriculture, health and trade.
PGTF contributes about $35,000 per project to initiatives with matching, or greater, contributions from the requesting institutions. The South-South collaborations funded are mostly implemented by national institutions and focused on joint research, workshops, publications, development of common standards, and educational activities. These projects have been catalytic at intensifying linkages among Southern institutions and enabling the sharing of knowledge among developing countries.