11.6 Asian Development Bank · Part 5

littoral and adjacent areas of the Bay of Bengal including Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand. ™ This sub-regional Organisation came into being on June through the Bangkok Declaration. ™ Its Secretariat has been established at Dhaka. About South-South Cooperation (SSC) ™ South South Cooperation (SSC) is defined as the exchange and sharing of developmental solutions among countries in the global south. ™ The formation of SSC can be traced to the Bandung Conference. IBSA ™ It is an international tripartite grouping for promoting international cooperation of India, Brazil and South Africa. ™ It was formally established by the Brasilia Declaration of June by external affairs ministers of India, Brazil and South Africa. IBSA Mechanism for Development Cooperation - IBSA Fund for the Alleviation of Poverty and Hunger ™ It was set up with the objective of facilitating the execution of human development projects to advance the fight against poverty and hunger in developing countries. ™ Each member country contributes $ Million annually to this fund. ™ The IBSA Fund is managed by the United Nations Office for South-South Cooperation (UNOSSC). North Atlantic Treaty Organisation (NATO), The North Atlantic Treaty Organisation was created in by the United States, Canada, and several Western European nations to provide collective security against the Soviet Union. Signing of the NATO Treaty NATO was the first peacetime military alliance the United States entered into outside of the Western Hemisphere. The nations of Western Europe wanted assurances that the United States would intervene automatically in the event of an attack. As a result of tensive negotiations the North Atlantic Treaty was signed in . In this agreement, the United States, Canada, Belgium, Denmark, France, Iceland, Italy, Luxemburg, the Netherlands, Norway, Portugal, and the United Kingdom agreed to consider attack against one an attack against all, along with consultations about threats and defense matters. The collective defense arrangements in NATO served to place the whole of Western Europe under the American “nuclear umbrella.” Although formed in response to the exigencies of the developing Cold War, NATO has