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India is very important inspiration: UN cheif Guterres

Press Trust of India  |  United Nations 

Describing as a "very important inspiration" for the international community, UN 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 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.

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 Fund shows the further deepening of South-South cooperation, an increasingly valuable dimension of our work for development, the 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 to congratulate the on this very very important initiative, he said at the event here yesterday attended by several UN and diplomats.

The 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 and UN agencies implement the Fund's projects in close collaboration with partnering governments. The has committed an amount of 100 million dollars over ten years.

In April 2018, the established a separate Window under the Fund aimed at partnership with developing countries in the 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 Projects supporting in Grenada, in and census data collection in 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 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 to the UN Syed 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, urged the to ensure that the speed of implementation of projects entrusted to the UN agencies is enhanced.

Explaining the 1-2-3 process, 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 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, June 09 2018. 10:30 IST