India hosted 3rd Voice of Global South Summit (VOGSS) | Current Affairs | Vision IAS
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India hosted 3rd Voice of Global South Summit (VOGSS)

Posted 20 Aug 2024

2 min read

VOGSS aims to bring together countries of Global South to share their perspectives on whole range of issues aligned with the philosophy of ‘Vasudhaiva Kutumbakam’.

  • Global South refers to various countries that are sometimes described as “developing,” “less developed” or “underdeveloped.” and it's separated from Global North (rich countries) by Brandt line.
  • India hosted 1st and 2nd VOGSS in January and November of 2023.

Key highlights of 3rd VOGSS

  • Theme: "An Empowered Global South for a Sustainable Future”.
  • Virtual Meet: 123 countries joined virtually (China & Pakistan not invited)
  • Global Development Compact (GDC): India proposed GDC amid concerns over countries burdened with debt in name of development finance.
    • Compact will focus on trade for development, sustainable growth, technology sharing, etc.
    • India will launch a special fund of $2.5 million to boost trade promotion activities & Trade policy training fund of $1 million for capacity building.

Challenges faced by global south

  • Obsolete Global governance and financial institutions.
  • Technology divides between North and South.
  • Terrorism, extremism and separatism remain a serious threat.

India’s Advocacy For Global South

  • Social Impact Fund: India will contribute $25 million for accelerating Digital Public Infrastructure (DPI) in Global South.
  • Global South Young Diplomat Forum: Launched to promote education and capacity building.
  • Induction of African Union into G20:  As a permanent member during India’s G20 Presidency.
  • Vision of Aarogya Maitri: One World-One Health is India’s mission for health security E.g. Jan Aushadhi Kendras’ in African and Pacific Island countries.
  • Tags :
  • Global south
  • VOGSS
  • Global Development Compact
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