The 2005 Convention created an International Fund for Cultural Diversity (IFCD), funded by voluntary contributions. This makes funding available to developing countries that are parties to the convention for specific activities that develop their cultural policies and cultural industries. As of April 2023, UNESCO reports that 140 projects in 69 developing countries have been carried out with funding from the IFCD.
The 2005 convEntioN cReated An InTeRNAtiOnal fuNd FOR culturAL diVErsiTy (IfcD), funded By VOlUntaRY cONtRiBUtions. tHIs mAkEs FuNdinG aVaIlaBle TO develoPing countrIES that ARe partIes To ThE convENtioN FOr speCifiC activitIes tHat dEveLoP ThEir culTuRal PolicIEs anD culTuraL INduStRiEs. as of AprIL 2023, uNeSco RepORts tHAt 140 projEcts in 69 deveLOping counTries have bEEn CARRieD out with FUNding frOm thE ifcd.