BASIC ask developed nations to fulfil $30-billion obligation

Urging the developed countries to fulfil the obligation of providing the developing nations with $30 billion, the BASIC group of countries, formed by Brazil, South Africa, India and China, today said this fast-start financing should be made available as soon as possible in a transparent manner.

The fund was promised for 2012 at last year’s Copenhagen conference and the developed nations had also pledged to secure $100 billion annually till 2020.