Why in News?
India has pledged an additional USD 100 million towards the UN partnership fund.
FACTS FOR PRELIMS
The India–UN Development Partnership Fund
It is a dedicated facility within the United Nations Fund for South-South Cooperation established in 2017. It is supported and led by the Government of India, managed by the United Nations Office for South-South Cooperation, and implemented in collaboration with the United Nations system.
The India-UN Development Partnership Fund supports Southern-owned and led, demand-driven, and transformational sustainable development projects across the developing world, with a focus on least developed countries and small island developing states. United Nations agencies implement the Funds projects in close collaboration with partnering governments.
United Nations Office for South-South Cooperation
UNOSSC, hosted by UNDP since 1974, was established by the UN General Assembly with a mandate to advocate for and coordinate South-South and triangular cooperation on a global and UN system-wide basis.
UNOSSC receives policy directives and guidance from the General Assembly and through its subsidiary body, the High-level Committee on South-South Cooperation.
UNOSSC submits its strategic planning frameworks to the UNDP, UNFPA and UNOPS Executive Board for approval and funding.
The Director reports to the UNDP Administrator and has also been appointed Envoy of the Secretary-General on South-South Cooperation.
i)South-South Cooperation is a term historically used by policymakers and academics to describe the exchange of resources, technology, and knowledge between developing countries, also known as countries of the Global South.
ii)The UN’s working definition for triangular cooperation. (TrC) is “Southern-driven partnerships between two or. more developing countries, supported by a developed. country(ies) or multilateral organization(s), to implement. development cooperation programmes and projects”.
Source– Business Line.