Local News from Sri Lanka: The SAARC Development Fund will hold its 31st Board meeting on 23-24 August in Colombo, Sri Lanka. Dr. Sunil Motiwal, CEO of the SAARC Development Fund, called Mangala Samaraweera’s Sri Lankan Finance Minister in his office on Tuesday before the session.
As a member of the SDF Governing Council, the Minister expressed ongoing support for the role of SDF in improving regional connectivity and financial collaboration, said Dr. Motiwal in a statement.
The conference of the SAARC Development Fund aims to take choices on important problems in order to further foster regional integration and financial collaboration between its 8 member states.
Since its inception in April 2010, the SAARC Development Fund has been mandated by the heads of the eight SAARC Member States to build regional integration and economic cooperation through project funding in all SAARC Member States-Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.
Based in Thimphu, Bhutan, the Secretariat. The governance structure of SDF includes its governing council made up of the finance ministers of the eight SAARC member states and its board of directors made up of representatives from each member state’s finance ministry.
Over the course of time, SDF CEO Motiwal also met with Director General, External Resources Division, Finance Ministry, Sri Lanka P Ratnayake to discuss the continuing partnership and future action plan of the SAARC Development Fund, BSS revealed.
He also met with finance ministry representatives including Chief Executive Officer, Fiscal Policy and Chief Executive Officer K A Vimalenthirarajah.