India-Brazil-South Africa (IBSA) 1st Summit Joint Declaration, Brasilia, 13 September 2006

Sectors : International partnerships and support for Pan-African institutions, Financial Institutions, markets, services and microfinance, Peace-building and peacekeeping
Organisation : Other
Date made: 
Heads Of State
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Commitments in: Development partnerships - International partnerships and support for Pan-African institutions

“7. The Prime Minister of India, the President of Brazil and the President of South Africa reaffirmed their commitment to the promotion of peace, security and sustainable economic and social development in the world and in their respective regions. They reaffirmed their commitment to multilateralism and the preeminent role of the United Nations. India, Brazil and South Africa will continue to work together to strengthen the multilateral system, particularly through institutions such as the United Nations and the World Trade Organization, in order to further promote this goal.”


Commitments in: Private Sector development and financial services for the poor - Financial Institutions, markets, services and microfinance

“14. Progress in achieving the Millennium Development Goals has been exceptionally slow and this can primarily be attributed to the fact that current international support for developing countries in their efforts are inadequate to meet their needs. ...In this regard, the Heads of State and Government reiterated their strong commitment to the Action Against Hunger and Poverty Initiative and, in particular, the Millennium Declaration and the 2005 World Summit Outcome. They reaffirmed the importance of seeking innovative financial mechanisms in order to generate supplementary income flows that are consistent and reliable. The ongoing search for innovative new sources of financing for development is critical to overcoming the financing constraints that limit progress towards the international development objectives.”