SAARC COVID-19 Emergency Fund

On March 15, 2020, during a video conference of the SAARC Heads of State and Government, Indian Prime Minister Narendra Modi proposed a Coronavirus Emergency Fund. This emergency fund was set up in response to the global coronavirus pandemic.[1] The initiative seeks to mitigate the risks associated with the coronavirus pandemic in the South Asian region. The other members of the SAARC expressed their support of Narendra Modi and his proposal for the coronavirus emergency fund.[2]

Donations

India announced that the country was donating $10 million as its initial contribution to support the initiative. Narendra Modi stated that the contributions for the fund from member countries would be voluntary.[3] As of 10 April 2020, the emergency fund had accumulated a sum of US$21.8 million with the pool of contributions from seven member countries.[4]

On March 21, 2020, Maldives announced it would contribute $200,000, and Bhutan announced it would contribute $100,000.[5][6] On March 22, Bangladesh announced it would contribute $1.5 million, and Nepal and Afghanistan announced that they would voluntarily contribute $1 million.[7] On March 23, Sri Lanka announced it would contribute $5 million.[8] On April 9, Pakistan announced that they contributed $3 million.[9]

List of amount donated
Country Amount (millions US$)
India10
Sri Lanka5
Pakistan3
Bangladesh1.5
Nepal1
Afghanistan1
Maldives0.2
Bhutan0.1
Total21.8

References
  1. Bureau, Our. "Covid-19: Modi proposes emergency SAARC fund; India to contribute $10 m". @businessline. Retrieved 2020-03-24.
  2. Roche, Elizabeth (2020-03-23). "India says it's 'encouraging' that SAARC leaders contributed to Covid-19 fund". Livemint. Retrieved 2020-03-24.
  3. "India to contribute $10 m for SAARC COVID-19 Emergency Fund". The Morning - Sri Lanka News. 2020-03-15. Retrieved 2020-03-24.
  4. "All countries except Pakistan commit to COVID-19 emergency fund". www.msn.com. Retrieved 2020-03-24.
  5. MaleMarch 21, Press Trust of India; March 21, 2020UPDATED; Ist, 2020 14:25. "Maldives pledges USD 200,000 to SAARC Coronavirus Emergency Fund". India Today. Retrieved 2020-03-24.CS1 maint: numeric names: authors list (link)
  6. "Maldives pledges $200,000 to SAARC Coronavirus Emergency Fund". The Hindu. PTI. 2020-03-21. ISSN 0971-751X. Retrieved 2020-03-24.CS1 maint: others (link)
  7. "Bangladesh, Nepal, Afghanistan pledge $3.5 mn to SAARC COVID-19 Fund". Business Standard India. Press Trust of India. 2020-03-22. Retrieved 2020-03-24.
  8. "Lanka pledges US$ 5 million to SAARC Coronavirus Fund". NewsIn.Asia. 2020-03-23. Retrieved 2020-03-24.
  9. "Pakistan pledges $3m for Saarc Covid fund". 10 April 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.