17 JULY 2014: India to host 7th IBSA summit

Ø  India will host the 7th IBSA (India-Brazil-South Africa) summit in 2015. The announcement was made following a meeting between Prime Minister Narendra Modi and South African President Jacob Zuma in Brasília. This will be the third time New Delhi will be hosting the IBSA summit since it started in 2006. While the inaugural edition of the summit was held in Brazil, India played host to the third edition in 2008 and the sixth in 2013. IBSA is a trilateral initiative between India, Brazil and South Africa “to promote, inter-alia, South-South cooperation and exchange.” The platform was announced, following a meeting of Foreign Ministers of the three countries in Brasilia in 2003, through the adoption of the Brasilia Declaration.