ICB hosts meeting of S Asian Dev Fund
FE Report | Sunday, 22 June 2008
The 10th meeting of the governing board of South Asian Development Fund (SADF) concluded in the city Friday.
The programme was hosted by Investment Corporation of Bangladesh (ICB) at Dhaka Sheraton Hotel and began Thursday.
Executive heads of different nominated financial institutions of SAARC countries, foreign ministries and high officials of SAARC secretariat participated in the meeting.
Process of transforming SADF into SAARC Development Fund (SDF), and functions and achievement of SADF were discussed, among others, in the meeting.
Discussion was held also on implementation status of various decisions taken at the previous SADF meeting.
SADF was formed to undertake pre-feasibility studies on projects in the SAARC region for economic development of the SAARC countries.
BDFC (Bhutan) Managing Director Nawan Gyetse, ICB Managing Director Md Ziaul Haque Khondker, ICB General Manager MA Motalib Chowdhury, IDBI Bank Limited Executive director CP Philip, TM Pavalan of Indian Ministry of External Affairs, Muhammad Ahmed of Ministry of Finance and Treasury, Maldives, General Manager/CEO Milan Bikrarn Shah of NIDC, Nepal, Hamid Hussain Syed of National Bank of Pakistan, Head of Infrastructure Sumith Lakshman Chamindra Peiris of NDB Bank, Sri Lanka, and SAARC Secretariat Director Riaz Hamidullah were present, among others, on the occasion.
The programme was hosted by Investment Corporation of Bangladesh (ICB) at Dhaka Sheraton Hotel and began Thursday.
Executive heads of different nominated financial institutions of SAARC countries, foreign ministries and high officials of SAARC secretariat participated in the meeting.
Process of transforming SADF into SAARC Development Fund (SDF), and functions and achievement of SADF were discussed, among others, in the meeting.
Discussion was held also on implementation status of various decisions taken at the previous SADF meeting.
SADF was formed to undertake pre-feasibility studies on projects in the SAARC region for economic development of the SAARC countries.
BDFC (Bhutan) Managing Director Nawan Gyetse, ICB Managing Director Md Ziaul Haque Khondker, ICB General Manager MA Motalib Chowdhury, IDBI Bank Limited Executive director CP Philip, TM Pavalan of Indian Ministry of External Affairs, Muhammad Ahmed of Ministry of Finance and Treasury, Maldives, General Manager/CEO Milan Bikrarn Shah of NIDC, Nepal, Hamid Hussain Syed of National Bank of Pakistan, Head of Infrastructure Sumith Lakshman Chamindra Peiris of NDB Bank, Sri Lanka, and SAARC Secretariat Director Riaz Hamidullah were present, among others, on the occasion.