3. IBSA Forum

♤ IBSA is a unique tripartite forum which brings together India, Brazil and South Africa, three large democracies and major economies from three different continents, facing similar challenges. All three countries are developing, pluralistic, multi-cultural, multi- ethnic, multi-lingual and multi-religious nations.

♤ The idea of establishing IBSA was discussed at a meeting between the then Prime Minister of India and the then Presidents of Brazil and South Africa in Evian on 2 June 2003 on the margins of the G-8 Summit.♤ Cooperation in IBSA is on three fronts:o third, assisting other developing countries by taking up projects in the latter through IBSA Fund.3.1.3. Focal Points 3.1.4. Trilateral Commission 3.1.5. Summits 3.1.6. IBSA Fund 3.1.7. IBSA Business Forum