05 May 2018

12th Informal Meeting of SAARC Finance Ministers Held in Manila

12th Informal Meeting of SAARC Finance Ministers Held in Manila


The 12th informal meeting of SAARC Finance Ministers was held in Manila, Philippines, on the sidelines of the 51st Annual Meeting of Asian Development Bank (ADB). The meeting was attended by the Finance Ministers/Heads of Delegations from the SAARC member states. Finance Minister of Nepal Yuba Raj Khatiwada chaired the meeting.

The Finance Ministers/Heads of Delegation briefed the meeting about the current status of economic progress achieved by their countries. They also appreciated ADB for its contribution in economic growth of SAARC countries.

Source- AIR World Service

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • SAARC stands for South Asian Association for Regional Cooperation.
  • Its member states include Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka.
  • President of ADB- Takehiko Nakao, ADB Headquarters- Manila, Philippines, Opened on- 19th December 1966. 

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