IBSA

Context:

• India organises the IBSA (India, Brazil and South Africa) Tourism Ministers’ virtual meet.

More about news:

• The IBSA Tourism Ministers Meeting recognized the importance of strengthening cooperation in tourism to overcome the impact of Covid 19 pandemic on the tourism sector.

About IBSA:

• IBSA is a trilateral, developmental initiative between the Government of India, The Government of Federative Republic of Brazil and The Government of the Republic of South Africa to promote South-South cooperation and exchange.
• The aim of the IBSA Tripartite Agreement is for strengthening relations between the member countries for economic development and for promoting cooperation in the field of tourism and expansion of tourism relations with a view to understand and appreciate each other's history, culture and way of life.
• Cooperation in IBSA is on three fronts:

1. As a forum for consultation and coordination on global and regional political issues, such as, the reform of the global institutions of political and economic governance, WTO/Doha Development Agenda, climate change, terrorism etc.;
2. Trilateral collaboration on concrete areas/projects, through fourteen working groups and six People-to-People Forums, for the common benefit of three countries; and
3. Assisting other developing countries by taking up projects in the latter through IBSA Fund. IBSA’s success demonstrates, most vividly, the desirability and feasibility of South-South cooperation beyond the conventional areas of exchange of experts and training.

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1745420