In April and May 2012, seven Parties to the UNESCO Convention on the Protection and Promotion of the Diversity of Cultural Expressions contributed to the International Fund for Cultural Diversity (IFCD). This includes the first contribution from Montenegro (US$1,324.50). Mauritius, Estonia, and Sweden are on their second payments (respective amounts of US$805.46, US$1,360.00, and US$41,126.50), the former Yugoslav Republic of Macedonia and China are on their third (respective amounts of US$312.00 and US$50,000.00), and Andorra is on its fifth (US$13,280.20).
The International Fund for Cultural Diversity 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 May 23, 2012, a total of US$5,402,444.55 had been collected in the Fund.