ZCZC
BSS-25
SDF-MEETING
SDF to hold meeting in Colombo
DHAKA, Aug 21, 2019 (BSS) – SAARC Development Fund (SDF) will hold its 31st
board meeting in Colombo, Sri Lanka on August 23-24 aims at taking decisions
on key issues to further promote regional integration and economic
cooperation among its 8-member states.
The information came up when CEO of SDF Dr Sunil Motiwal called on Sri
Lankan Finance Minister Managala Samaraweera at latter’s office, a press
release said here today.
As SDF governing council member, the minister expressed his continued
support to SDF’s role in enhancing regional connectivity and economic
cooperation, the release said.
The SAARC Development Fund, since its inception in April 2010 by heads of
the eight SAARC Member States, is mandated to build regional integration and
economic cooperation through project funding in all the SAARC member states –
Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri
Lanka. The Secretariat is based in Thimphu, Bhutan.
SDF’s governance structure includes its governing council comprising of the
finance ministers of the eight SAARC member states, and its board of
directors comprised of representatives from the ministry of finance of each
member state.
During the time, SDF CEO Motiwal also met with director general, external
resources division, ministry of finance, Sri Lanka P Rathnayake to discuss on
SAARC development fund’s ongoing partnership and future action plan.
He also met with officials from the ministry of finance including director
general, Fiscal Policy and SDF Board Director K A Vimalenthirarajah.
BSS/PR/SRH/RY/1745 hrs