SAARC Development Fund (SDF)

  • SDF was established by heads of all eight SAARC member states during 16th SAARC summit at Thimphu, Bhutan in April 2010.
  • Its Governing Council comprises finance ministers of these eight countries.
  • It is successor of  South Asian Development Fund (SADF), which was launched in 1996 by merging two existing facilities called SAARC Fund for Regional Projects (SFRP) and SAARC Regional Fund.
  • SDF’s Secretariat is located at Thimphu, capital of Bhutan
  • SDF was created as umbrella financial mechanism for all SAARC developmental projects and programmes.
  • Its core objectives are to promote welfare of the people of SAARC region, improve their quality of life and accelerate economic growth, social progress and poverty alleviation in the region.
  • It funds projects in South Asia region via three windows viz. Social Window, Economic Window and Infrastructure Window.
  • At present, only Social Window is in operation, the other two windows are yet to open. - SAARC Development Fund (SDF)