The India, Brazil and South Africa (IBSA) Dialogue Forum is a trilateral development initiative to promote South-South cooperation and exchange. The forum was launched with the adoptionof the Brasília Declaration in June 2003. Each of the three countries has ambitions to play a leading role in regional and global affairs. The role of the Group of Twenty (G20) in respondingto the global financial crisis reflects growing acceptance of IBSA’s emerging position by the world’s established powers. An analysis of IBSA as a rising global power bloc is therefore critical to understanding the new dimensions of South-South relations, particularly in a post-Cold War world. This policy note addresses IBSA’s framework, principles, achievements and challenges in Africa’s development perspective.