SAARCFinance Group Meeting ends | Sunday Observer

SAARCFinance Group Meeting ends

The Central Bank of Sri Lanka hosted the 34th SAARCFinance Group Meeting and SAARCFinance Governors’ Symposium in Colombo last week in Colombo.The 34th SAARCFinance Group Meeting was attended by Governors and Finance Secretaries and other delegates from the Central Banks and Ministries of Finance in the SAARC region.

Following the Finance Group Meeting, the Governors’ Symposium, themed “Challenges for the SAARC region amidst Global Uncertainties and Possible Policy Measures to Mitigate these Risks”, was held at the John Exter International Conference Hall of the Central Bank of Sri Lanka. Governor of Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy delivered the keynote speech at the Symposium. Each SAARC country made a presentation, highlighting the impact of global uncertainties on their economies and possible policy measures to mitigate these risks.

The preliminary results of the SAARCFinance collaborative research study on ‘Financial Inclusion in the SAARC Region’ were also presented at the symposium.

SAARC Finance is a permanent body at the level of Governors of Central Banks and Secretaries of Finance of SAARC member states, as approved at the twenty-second session of Council of Ministers held in Kathamandu in June 2002. The objective of SAARC Finance is to promote cooperation among central banks and finance ministries in SAARC member states to forge a close cooperation on macroeconomic policies and to share experiences.

SAARC Finance meetings are held at least twice a year. SAARC Finance submits a report to the SAARC Council of Ministers through SAARC Finance Ministers.