Consider the following statements regarding ‘IBSA Grouping’:
1.   It is a developmental initiative between India, Bangladesh and South Africa to promote South-South cooperation and exchange.
2.   The grouping was formalised and named the IBSA Dialogue Forum after the Brasilia Declaration
3.   IBSA Maritime Exercise is an important part of IBSA trilateral defence cooperation.
Which of the above statement is/are correct?
The IBSA is a trilateral, developmental initiative between India, Brazil and South Africa to promote South-South cooperation and exchange. The grouping was formalised and named the IBSA Dialogue Forum when the Foreign Ministers of the three countries met in Brasilia (Brazil) on 6 th June 2003 and issued the Brasilia Declaration. IBSAMAR (IBSA Maritime Exercise) is an important part of IBSA trilateral defence cooperation.
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