IBSA is a unique Forum which brings together India, Brazil and South Africa, three large democracies and major economies from three different continents, facing similar challenges. All three countries are developing, pluralistic, multi-cultural, multi-ethnic, multi-lingual and multi-religious nations. The grouping was formalized and named the IBSA Dialogue Forum when the Foreign Ministers of the three countries met in Brasilia on 6 June 2003 and issued the Brasilia Declaration. India is current IBSA Chair.
Five IBSA Leadership Summits have been held so far. The 5th IBSA Summit was held in Pretoria on 18 October 2011.
India was the IBSA Chair under the theme “Democracy for Demography and Development” in 2021.
Brazil assumed on March 2, 2023, the rotating presidency of the India, Brazil, South Africa Dialogue Forum - IBSA. Comprising three democratic, multiethnic and multicultural countries, the grouping completes 20 years in 2023. The Brazilian Presidency will seek to strengthen IBSA in its three pillars: political coordination, trilateral cooperation and cooperation with other developing countries, through the IBSA Fund.