SL pledges $5mn to SAARC COVID-19 Fund

President Gotabaya Rajapaksa pledged to contribute US$5 million to the SAARC Corona Emergency Fund. In a video conference on forming a joint strategy to fight COVID-19 in the SAARC region, Indian Prime Minister Modi on March 15 proposed the emergency fund with an initial offer of $10 million from India and asserted that the best way to deal with the coronavirus pandemic was by coming together, and not growing apart. Subsequently, Nepal and Afghanistan promised $1 million each and the Maldives and Bhutan committed $200,000 and 100,000 respectively to help combat the fast-spreading COVID-19 pandemic in the region. Founded in 1985, the South Asian Association for Regional Cooperation (SAARC) is a regional intergovernmental organisation and geopolitical union of Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.    

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