Chief Executive Officer of SAARC Development Fund, Dr Sunil Motiwal has called on the Honble Finance Minister of Nepal H.E Dr Yuba Raj Khatiwada today at the Ministry of Finance, Kathmandu, Nepal.

The Finance Minister is a Governing Council member of SDF. They discussed SAARC Development Funds current status, achievements and future action plan, along with SDF-funded projects in Nepal along the new projects which will commence soon. 

The Minister stressed on finalizing the Terms of Lending of SDF-funds and adopting market-oriented approach for lending to the Member States.

CEO, SDF informed that SDF is implementing 90 projects in all SAARC Member States under its Social, Economic and Infrastructure funding windows with a total fund commitment/allocation of USD 198.24 million. 48 projects (in 7 areas) have been successfully completed to benefit thousands of people in SAARC Member States.

The SAARC Development Fund, since its inception in 2010 by heads of the eight SAARC member states, is honored to continue its mandate of building regional integration and economic cooperation through project funding in all the eight SAARC member states.