Johannesburg: Prime Minister Narendra Modi on Sunday proposed the setting up of an IBSA (India, Brazil, South Africa) Fund for Climate Resilient Agriculture to further advance South-South cooperation.

In his address at the IBSA leaders meeting here, the Prime Minister appreciated the IBSA Fund’s work in supporting projects across forty countries in sectors like education, health, women empowerment and solar energy.

The meeting was hosted by South Africa President Cyril Ramaphosa and attended by the President of Brazil, Luiz Inacio Lula da Silva.

Describing the meeting as timely, PM Modi said that it coincided with the first G20 Summit on African soil and marked the culmination of four consecutive G20 presidencies by Global South countries, out of which the last three were by the IBSA m

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