About Fund:
- It is a fund to promote sustainable development projects across the developing world.
- Launched by India and the UN Office for South-South Cooperation (UNOSSC)
- It will be utilized to carry out country-level projects that would be catalytic towards achieving the 17 sustainable development goals (SDGs) of the 2030 Agenda
- The Partnership fund would be managed by UNOSSC
Purpose:
- The establishment of the fund is aimed at reducing poverty and hunger, improving health, education and equality, and expanding access to clean water, energy and livelihoods.
- The fund would focus on transformational sustainable development projects across the developing world especially on Least Developed Countries (LDCs) and Small Island Developing States (SIDS).
- It aims to support Southern-owned and led, demand-driven and transformational sustainable development projects across developing world.
- It prioritises projects reducing poverty and hunger, improving health, education and equality, and expanding access to clean water and energy and livelihoods.
Why in news?
India has contributed additional $1 million to it.