SAARC Development Fund allocates USD 5 million relief fund for COVID-19 projects

The SAARC Development Fund (SDF) on Tuesday allocated a USD 5 million fund for COVID-19 projects in SAARC member states under its 'Social Window' to finance projects.

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SAARC Development Fund's Board Directors in a picture taken on August, 2019.. PHOTO: SAARC DEVELOPMENT FUND

Ahmed Aiham

2020-04-07 23:16:53

The SAARC Development Fund (SDF) on Tuesday allocated a USD 5 million fund for COVID-19 projects in SAARC member states under its 'Social Window' to finance projects.

The main objective of the fund is to "to protect the people of SAARC by mitigating financial losses and severe socio-economic impacts of the COVID-19 pandemic", noted SDF Chief Executive Officers Dr Sunil Motiwal.

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