<p>During his three-day visit, Singh will also have bilateral meetings with Brazilian President Dilma Rousseff and South African President Jacob Zuma.<br /><br />The fifth IBSA summit of the three leading emerging nations of three different continents will take place on October 18.<br /><br />It will be preceded by the trilateral meeting of Foreign Ministers and forums on various topics like Commerce and Women and Child Development.<br /><br />An agreement for setting up of a Diplomatic Academy will be signed after the Summit.<br />One of the important issues to be discussed at the summit would be the current global financial and economic situation, officials said here.<br /><br />The three leaders will discuss possible steps that need to be taken to address the economic situation, which has become difficult in view of crisis in Europe.<br /><br />The discussion on the global financial situation and coordination of views would be significant as all the three leaders would be attending the G-20 meet in Cannes early next month.<br /><br />Issues related to international security like terrorism and maritime safety are also expected to be discussed.<br /><br />The leaders of the three countries, which are aspirants for permanent membership of the Security Council, are also expected to discuss issues related to UN reforms.<br /><br />The three countries, all non-permanent members of the Security Council, have demonstrated coordinated actions in the recent past on Syria.<br /><br />In the backdrop of representatives of India, Brazil and South Africa visiting Syria, the leaders of the three countries are expected to take their discussions forward on the issue.<br /><br />Singh, Rousseff and Zuma are also expected to discuss issues related to the IBSA Trust Fund, which is used for joint developmental projects in under-developed countries like Palestine and Haiti.<br /><br />Each country contributes USD one million each year to the Fund.<br /><br />India has been maintaining that the relevance of the IBSA will remain as it brings together three large democracies of three continents and is not undermined by the Brazil-Russia-India-China-South Africa (BRICS).<br /><br />External Affairs Ministry spokesman Vishnu Prakash recently said the IBSA was a forum of like-minded developing countries and there was no "ganging up" against anybody.</p>
<p>During his three-day visit, Singh will also have bilateral meetings with Brazilian President Dilma Rousseff and South African President Jacob Zuma.<br /><br />The fifth IBSA summit of the three leading emerging nations of three different continents will take place on October 18.<br /><br />It will be preceded by the trilateral meeting of Foreign Ministers and forums on various topics like Commerce and Women and Child Development.<br /><br />An agreement for setting up of a Diplomatic Academy will be signed after the Summit.<br />One of the important issues to be discussed at the summit would be the current global financial and economic situation, officials said here.<br /><br />The three leaders will discuss possible steps that need to be taken to address the economic situation, which has become difficult in view of crisis in Europe.<br /><br />The discussion on the global financial situation and coordination of views would be significant as all the three leaders would be attending the G-20 meet in Cannes early next month.<br /><br />Issues related to international security like terrorism and maritime safety are also expected to be discussed.<br /><br />The leaders of the three countries, which are aspirants for permanent membership of the Security Council, are also expected to discuss issues related to UN reforms.<br /><br />The three countries, all non-permanent members of the Security Council, have demonstrated coordinated actions in the recent past on Syria.<br /><br />In the backdrop of representatives of India, Brazil and South Africa visiting Syria, the leaders of the three countries are expected to take their discussions forward on the issue.<br /><br />Singh, Rousseff and Zuma are also expected to discuss issues related to the IBSA Trust Fund, which is used for joint developmental projects in under-developed countries like Palestine and Haiti.<br /><br />Each country contributes USD one million each year to the Fund.<br /><br />India has been maintaining that the relevance of the IBSA will remain as it brings together three large democracies of three continents and is not undermined by the Brazil-Russia-India-China-South Africa (BRICS).<br /><br />External Affairs Ministry spokesman Vishnu Prakash recently said the IBSA was a forum of like-minded developing countries and there was no "ganging up" against anybody.</p>