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August 15, Wednesday 2018 2:36 AM       

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       WORLD Next Article: PM Narendra Modi arrives in Qingdao to attend SCO summit  
       Trump trades easy banter with allies but differences persist
 
         Posted on :21:47:38 Jun 9, 2018
   
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United Nations: Describing India as a "very important inspiration" for the international community, UN chief Antonio Guterres has commended the country for its leadership in a development partnership fund with the UN that he said has emerged as a vital example of deepening South-South cooperation. 
 
Guterres thanked India for its "strong commitment to multilateralism" and to partnership with the United Nations, which he said is expressed in many ways across the global agenda and seen through the activities of this "important" fund.
 
India played a very important role in shaping the Sustainable Development Goals. And even before the Goals were crystallized, India's own development efforts and vision reflected many of the same priorities and aspirations. India is, for all of us, a very important inspiration, Guterres said in his remarks to an event marking the first anniversary of the India-UN Development Partnership Fund. 
 
The Fund shows the further deepening of South-South cooperation, an increasingly valuable dimension of our work for development, the Secretary General said. 
 
The UN Chief, who is expected to visit India later this year, commended India for its leadership and solidarity , saying he looks forward to further engagement with the country on the fund. 
 
And I will have the opportunity soon in Delhi to congratulate the Indian government on this very very important initiative, he said at the event here yesterday attended by several UN Ambassadors and diplomats. 
 
The India-UN Development Partnership Fund was launched last year with the aim of assisting projects for the implementation of the Sustainable Development Goals (SDGs) in partner countries. It 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. 
 
The fund is managed by the UN Office for South-South Cooperation and UN agencies implement the Fund's projects in close collaboration with partnering governments. The Indian Government has committed an amount of 100 million dollars over ten years. 
 
In April 2018, the Government of India established a separate Commonwealth Window under the Fund aimed at partnership with developing countries in the Commonwealth. Under this window, an additional sum of USD 50 million over the next five years has been committed for partnerships with developing country members of the Commonwealth. Projects supporting biomedical waste management in Grenada, clean energy in Tuvalu and census data collection in Vanuatu have been approved under this window. 
 
Guterres said that South-South cooperation between developing nations is not an instrument aimed at replacing North-South cooperation between developed and developing nations. 
 
South-South cooperation is not an instrument for the commitments that were made by developed countries now to be put aside. South-South cooperation must be a stimulus for an intensified North-South cooperation, for the Addis Ababa agenda to be fully implemented and for everybody to assume their responsibilities in the context of a world in which we want a fair globalization, in which justice prevails in international relations, he said. 
 
India's Permanent Representative to the UN Syed Akbaruddin said that from the first project of a million dollars, the annual contribution and portfolio of projects has multiplied several times within the first year of the fund's operation. 
 
Calling for a 1-2-3 process , Akbaruddin urged the Secretary General to ensure that the speed of implementation of projects entrusted to the UN agencies is enhanced. 
 
Explaining the 1-2-3 process, Akbaruddin said funds are put up up-front and the mechanisms for assessing a project from the partner countries and accepting it in consultation with the South-South Fund has been cut down to less than a month. So that is part 1, he said. He added that Part 2 entails that each of the projects in this Fund are implemented quickly and completed within a two-year period, none going beyond the 3rd year. 
 
Only then can we call it the 1-2-3 process with true meaning and effectiveness. We look forward to the reformed system being put in place from January 1, 2018 providing greater efficiency and effectiveness to the UN's facilitation of sustainable development efforts across the world and ensuring a 1-2-3 process for triangular cooperation with the Global South, Akbaruddin said.
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       WORLD
Next Article: PM Narendra Modi arrives in Qingdao to attend SCO summit
 
 
WORLD HEADLINES
Erdogan says Turkey to 'boycott' US electronic goods  
Netanyahu demands 'total' Gaza ceasefire  
Khan's party bags 33 reserved seats; PTI NA tally stands at 158  
NASA launches Parker Solar Probe mission to 'touch the Sun'  
Ivanka Trump condemns white nationalist rallies: There is no place for neo-Nazism in US  
Pakistan declares 'water war' on people of PoK  
Nobel Prize-winning author V S Naipaul dies at 85  
Six wounded in Balochistan suicide attack  
Taliban, Kabul government both claim embattled Afghan city  
Malaysia ex-PM Najib to face corruption trial in February  
Imran Khan to take oath as Pakistan Prime Minister on Aug 18: party leader  
Indian envoy calls on Imran  
Another earthquake hits Lombok  
Argentina's Senate trashes bill to legalise abortion  
Koreas to hold high-level talks next week  
Pakistani authorities blacklist Sharif's sons, block passports  
Trump nominates Indian-American law professor to agency on privacy and civil liberties  
Brazil orders shutting of border to Venezuelan migrants  
German couple jailed for selling son online for sex  
US to reinstate sanctions on Iran  
Pakistan's new vaccination drive, 'final push' against polio  
Ex-Bangladesh PM Khaleda Zia gets 6-month bail in Cumilla bus arson case  
Chicago shootings: 44 people shot, five killed  
UK trade minister says 'no deal' Brexit more likely than not  
Bangladesh PM urges protesting students to return home  
 
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