SAARC Development Fund (SDF)

Company profile

SAARC Development Fund (SDF) company profile

SAARC Development Fund (SDF) established as a “regional financing mechanism” by SAARC Member States, is mandated by its Charter and Bye-laws to finance and or otherwise support projects within SAARC region through its Economic, Infrastructure and Social Windows. Set up in the year 2010, the SDF acts as an “umbrella financing mechanism” for the regional and sub-regional SAARC projects and programmes that fulfils the objectives and the regional consensus as reflected in the SAARC Charter, SAARC Social Charter and SAARC Development Goals, SAARC Plan of Action on Poverty Alleviation and other SAARC endorsed plans and programmes. The Fund has been established primarily to: a. Promote the welfare of the people of SAARC region, b. Improve their quality of life, and c. Accelerate economic growth, social progress and poverty alleviation in the region. Structured as a “Fund” with a management and administrative Secretariat, the Fund has three “Windows” of financing viz., Social, Economic and Infrastructure Window.