World Economy

SAARC to Launch Development Bank

SAARC to Launch Development BankSAARC to Launch Development Bank

Finance ministers of South Asian Association for Regional Cooperation countries are likely to announce a SAARC Development Bank to further boost economic cooperation, integrate regional economies and promote development activities in South Asia, Bernama reported. According to a statement of Nepalese finance ministry, agendas of the seventh finance ministerial meeting, which will be held here on Thursday include, among others, the establishment of SAARC Development Bank. This is the regular meeting of the SAARC finance ministers and the current meeting is the seventh of its kind, said Nepalese finance secretary Suman Sharma, talking to Bernama.