Azerbaijan, Cyprus, Finland, Norway, and Sweden recently contributed to the International Fund for Cultural Diversity (IFCD). Norway weighed in with a hefty US$664,473.22, while Finland contributed US$26,281.20, its fifth payment to IFCD.
IFCD is a voluntary multidonor fund that seeks to promote sustainable development cooperation and reduce poverty to help foster a vibrant culture industry in developing countries. IFCD resources come from voluntary contributions from Parties and other states, regional and international organizations, public and private bodies, and individuals. The Conference of Parties recommended that Parties make annual contributions to IFCD of at least 1% of their countries’ contributions to the UNESCO budget.
As of March 9, 2011, fund contributions totaled US$3,709,675.15.