When was Saarc Development Fund established?
When was Saarc Development Fund established?
The SAARC Development Fund (SDF), established in 2005 is the umbrella financial institution of the South Asian Association for Regional Cooperation (SAARC).
Where is the headquarter of Saarc Development Fund?
Thimphu, Bhutan
The SDF Secretariat based in Thimphu, Bhutan undertakes and implements projects and programmes under three windows: Social, Economic and Infrastructure in fulfillment of the greater developmental goals of the SAARC region.
What is SDF fund?
The Sugar Development Fund provides financial assistance to the sugar factories at concessional interest rates in accordance with Sugar Development Fund Act, 1982 and Sugar Development Fund Rules, 1983, for their developmental activities such as modernization and expansion of their capacity, Development of cane as well …
Which year is SAARC?
8 December 1985
SAARC – Historical background The South Asian Association for Regional Cooperation was set up when its Charter was formally adopted on 8 December 1985 by the Heads of State or Government of India, Bangladesh, Maldives, Bhutan, Nepal, Sri Lanka, and Pakistan.
Who is the current president of SAARC?
Also read | Reclaiming SAARC from the ashes of 2020 Mr. Weerakoon, a Sri Lankan diplomat, assumed charge as the Secretary-General of the SAARC in March last year. He is the 14th Secretary-General of the SAARC.
Who was the first chairman of SAARC?
SAARC Secretariat was established in Kathmandu on 16 January 1987 by Bangladeshi diplomat Abul Ahsan, who was its first Secretary-General, and was inaugurated by King Birendra Bir Bikram Shah of Nepal.
Who is the present president of SAARC?
The Secretary-General serves for a term of 3 years. The current Secretary-General of SAARC is Esala Ruwan Weerakoon, a Sri-Lankan diplomat who assumed the office on March 1, 2020, who succeeded Amjad Hussain Sial of Pakistan.