In October 2011, Norway contributed US$788,614.70 to the International Fund for Cultural Diversity (IFCD), bringing its total contributions to US$1,453,087.92.
The International Fund for Cultural Diversity is a voluntary multidonor fund established within the framework of the UNESCO Convention on Protection and Promotion of the Diversity of Cultural Expressions. It seeks to promote sustainable development cooperation and reduce poverty to help foster a vibrant culture industry in developing countries.
The IFCD is an important mechanism that enables the Convention to make a real impact on the ground. Currently 31 projects from 24 developing countries are being implemented.
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 November 7, 2011, a total of US$4,996,191.12 had been collected in the fund.