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Established in June 2003, IBSA is a coordinating mechanism amongst three emerging countries, three multiethnic and multicultural democracies, which are determined to contribute to the construction of a new international architecture, to bring their voice together on global issues and to deepen their ties in various areas. IBSA also opens itself to concrete projects of cooperation and partnership with less developed countries.

The following Working Groups were established with the objective of deepening the mutual knowledge and exploring common points of interest on sectoral areas:

- Public Administration;
- Revenue Administration;
- Agriculture;
- Human Settlements; - Science and Technology (includes Antarctic Research);
- Trade and Investment;
- Culture;
- Defense;
- Information Society;
- Social Development;
- Education;
- Energy;
- Environment and Climate Change;
- Health;
- Transport; and
- Tourism.