The SAARC Development Fund (SDF) achieved a new milestone with total grants disbursement crossing USD 50-million for projects in the eight SAARC Member States under SDF Social Window
A press release from the SAARC Development Fund office states that in this current fiscal year alone, close to USD 1-million has already been disbursed for Social Window projects being implemented in all the SAARC Member States.
It states with the COVID-19 projects under final documentation, the SDF Secretariat will be speeding up disbursements in the coming months further enhancing its total grant disbursement figures.
“The increase in our project disbursement figures reflect our strong commitment to improving the lives of the region’s people. Going beyond these numbers, we increasingly understand how critical these regional projects are and genuinely hope to see continued results on the ground,” said Officer-In-Charge of SDF, and Director- Social Window, Anuj Goel.
It further states that currently, SDF has 97 projects (in 16 thematic areas) approved under the Social Window with a total fund commitment of over USD 92-million. About 79 of these projects have been operationalized and some have even completed.
Meanwhile, the regional projects include strengthening the livelihood of home-based workers, addressing the needs of farmers, setting up zero energy cold storage facilities, and reducing the mother and child mortality among others.
Delivering connectivity and content of e-governance to rural folks, promoting bamboo-based enterprise development, ending violence against children and women, and improving access to water, sanitation and hygiene in the SAARC region also remain some other key areas of interest
All these projects have been successfully implemented under the SDF’s Social Window. New projects on COVID-19, improving nutrition and supporting climate smart agriculture are also underway.
The SDF Secretariat in Thimphu was set up by the Heads of States/Governments of the eight SAARC Member States – Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka – during the Sixteenth SAARC Summit held in Thimphu, Bhutan on 28-29 April 2010.
“Over the years, we are honored to continue our fruitful collaboration with the project implementing agencies in the eight SAARC Member States,” said Goel.