IORA Sustainable Development
Member States of IORA are diverse
in their respective social and economic capabilities and
capacities. Their social and economic indicators have huge
variations. While some of them are G20 members, others are situated
at the other end of the economic spectrum.
This disparity in the capacities of
the Member States is a challenge, as well as an opportunity for
IORA. The IORA is confident that in the perceived challenge lies
the solution. In order to overcome the difficulties posed by
socio-economic disparities separating its Member States, the
Association has proposed to introduce a new programme known as the
IORA Sustainable Development Programme (ISDP).
The ISDP is a project intended to
serve the needs of the least developed Member States of the IORA
and the project proposals are formulated by Member States that are
covered under this program. It an instrument of development
to strengthen the capacities of the less developed IORA members
which fosters regional cooperation and forge new partnership with
IORA Member States especially with a focus on employment generation
and poverty alleviation.
Objectives of the
To encourage the lesser developed
Member States to actively participate and to optimize the benefits
from its cooperation with the Association.
To encourage peer-to-peer learning, capacity building, and the
sharing of information, experiences and best practices;
To enhance the sense of community and belonging among the Member
States and to strengthen the sense of participation in
the activities and programmes of the Association;
To extend the opportunity to the less developed Member States
to share their experience and expertise in specific areas
that would benefit their economies;
To create opportunities for the less developed Member State
to be able to host events under IORA banner.
The IORA Special Fund was
established in 2004 to assist support and encourage the
facilitation and promotion of activities in the six priority areas
of the Association. As from 2015, the IORA Secretariat together
with its least developed Member States has been cooperating to
jointly identify areas of interest and where the need has been
identified for capacity building. The IORA Sustainable
Development Programme is funded by the Special Fund which would
provide 90% of the funding for the project which should not exceed
a maximum total amount of US$60,000, with the remaining 10% to be
the responsibility of the host Member State.