IAEA

Subject : International Organisations

Context : A new initiative by IAEA may help to find an alternative to JCPOA in the changed circumstances.

Concept :

About IAEA:

The International Atomic Energy Agency (IAEA), an UN agency is the world’s central intergovernmental forum for scientific and technical co-operation in the nuclear field.
It works for the safe, secure and peaceful uses of nuclear science and technology, contributing to international peace and security and the United Nations’ Sustainable Development Goals.
It was formed in 1957 as a result of Conference on the Statute of the International Atomic Energy Agency held at the UN headquarters. Initially it was known as ‘Atoms for peace’.
It is headquartered in Vienna, Austria.
It has 172 members (Comoros being most recent member).
Though it is and independent international agencies, yet, it reports annually to UNGA.
It along with its Director General won Nobel Peace prize in 2005.
The IAEA’s policy-making bodies decide on the Agency’s programmes and budgets. They comprise the General Conference of all Member States and the 35-member Board of Governors.

Funding of IAEA:

The IAEA carries out its work in two main areas: the regular programme and the Technical Cooperation programme. These two programmes are financed from separate funds.
They are additionally supported by extra-budgetary contributions from Member States and non-member states donors. The IAEA’s budget is approved annually by the IAEA General Conference.