16.06.2014 - UNESCO Office in Kathmandu

Investing in creativity and transforming societies through the IFCD

© UNESCO/International Fund for the Promotion of Culture (IFCD)In Argentina, young people are leaving their mark using on single tool: Education. One school just outside of Buenos Aires, is teaching students the most important lesson there is: that the more education they get, the better prepared they will be.

The International Fund for Cultural Diversity (IFCD) is a multi-donor fund established under Article 18 of the 2005 Convention on the Protection and Promotion of the Diversity of Cultural Expressions. The principal objectives of the fund is to invest in creativity and transform societies and promote sustainable development and poverty reduction in developing countries that are Parties to the 2005 Convention.

The IFCD supports projects that introduce and/or develop policies and strategies that have a direct effect on the creation, production, distribution and access to a diversity of cultural goods, services and activities that create new cultural industries or strengthen existing one.

Since 2010, the IFCD is providing around US$ 4.6 million in funding for 71 projects in 43 developing countries.

Parties to the 2005 Convention from developing countries can apply for the funds. NGOs from the developing countries and International NGOs which meet the definition of civil society and required criteria are also entitled to benefits from the IFCD.

Eleven countries from the Asia and Pacific region - Afghanistan, Bangladesh, Cambodia, China, India, Indonesia, Lao PDR, Mongolia, Republic of Korea, Tajiskitan and Vietnam- have already ratified the 2005 Convention and become the beneficiary countries. Nepal is yet to ratify the 2005 Convention.

Related link: http://www.unesco.org/new/en/culture/themes/cultural-diversity/diversity-of-cultural-expressions/international-fund/

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