Iweala said the dairy industry was a good place to start because of its considerable nutritional benefits for the poor and with India's success in the past two decades, which has included and benefited the poorest of the poor as producers. “This initiative, funded by commitments from both traditional and new donors, will bring solid and proven solutions faster where they are most needed in low income developing nations, " Okonjo-Iweala said. “Its credibility relies on the fact that it is developing country people sharing their own success.” Seven donors – China, India, Mexico, Denmark, the Netherlands, Spain and the United Kingdom – have already pledged support to the trust fund. Total contributions are expected to be around $10 million over three years. The scope of the South-South Experience Exchange Facility is broad and is intended to respond to direct requests from developing countries, seeking knowledge. Its aim is to deepen South-South experiences by funding direct contact between developing countries, and through the creation of a web-based library of exchanges that will document, monitor and disseminate results, and distribute a roster of developing country experts. It's envisaged trust fund could also help developing countries share expertise in areas such as: • managing commodity windfalls • developing efficient tax systems • adapting to new technologies • selecting public investment projects with high economic and social rates of return • reforming pensions.
