Indian Ambassador to Bhutan visits SDF to discuss action plans

- A Monitor Desk Report 23 Jun, 2020 | 473 Views|-+
Dhaka: Ruchira Kamboj, Ambassador of India to Bhutan visited the SAARC Development Fund (SDF) Secretariat on June 22 to discuss their ongoing activities and future action plan.

SDF officials led by Dr Sunil Motiwal, Chief Executive Officer briefed the Ambassador on the current activities, achievements and future action plans of SDF.

She was presented on the ongoing projects of SDF in the SAARC Member States under its Social, Economic and Infrastructure windows.

An overview of the upcoming pipelines projects was also presented along with projects for SDF’s COVID-19 emergency funding to support the Member States in responding to the coronavirus pandemic.

Dr Sunil Motiwal highlighted India’s role for the strategic growth of the region. They also discussed the COVID-19 emergency funding of SDF in the SAARC Member States and proposals being considered for the funding. CEO informed that SDF has received 12 proposals so far.

“It is an honour for us at SDF to welcome Her Excellency and discuss the investment opportunities for the Member States and how India must continue to play an important role for the region’s growth,” said Dr Motiwal.

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 eight SAARC member states – Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The Secretariat is based in Thimphu Bhutan.

Currently, SDF is implementing 90 projects in all SAARC Member States under its three funding windows with a total fund commitment/allocation of USD 198.24 million.

54 projects (in 7 areas) have been successfully completed to benefit thousands of people in SAARC Member States. SDF has an authorised capital of USD 1.5 billion and total capital base of USD 529.37 million.

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