India seeks dedicated Multilateral Fund at INC-5 final plenary in Busan
On 1 December 2024, in Busan, South Korea, India called for a stand-alone dedicated Multilateral Fund for developing countries at the final plenary of INC-5 on plastic pollution.
Summary
On 1 December 2024, in Busan, South Korea, India made an intervention at the final plenary of the fifth session of the Intergovernmental Negotiating Committee (INC-5) on plastic pollution. India stressed a critical balance between preventing plastic pollution and sustainable development, especially of developing economies, and said a stand-alone dedicated Multilateral Fund is required to give developing countries financial resources for the incremental costs of compliance. India thanked the Chair and Secretariat for efforts towards a consensus-based outcome.
Key facts
- Date / place
- 1 Dec 2024, Busan, South Korea
- Forum
- INC-5 final plenary (plastic pollution)
- India's demand
- Stand-alone dedicated Multilateral Fund for developing countries
Practice MCQs 1 questions
At the final plenary of INC-5 on plastic pollution in Busan on 1 December 2024, what did India say was required to support developing countries?
Show answer
Correct answer: D — A stand-alone dedicated Multilateral Fund
PIB (1 Dec 2024): India said a stand-alone dedicated Multilateral Fund is required to provide financial resources to developing countries for meeting incremental costs of their compliance obligations.