More funds for research in developing countries
The Academy of Sciences for the Developing World (TWAS) has vowed to double its endowment fund to support more scientists and researchers in the developing world, despite the global financial crisis. TWAS announced a 25 million US dollar target for the next four years during its 11th general meeting, currently taking place in Durban, South Africa.
The president of TWAS, Jacob Palis, said South-to-South cooperation will be fostered to exploit the rapidly increasing scientific and technological capacity of developing countries such as Brazil, China, India, Mexico and South Africa. TWAS also expects to raise funds from both private and public sectors in these nations, which would be dedicated to supporting other countries that are lagging behind in science development.
Source: Panos London
