The South Asian Association For Regional Cooperation(SAARC) is established when its charter was formally adopted on DEC 8,1985 by the head of state of Government of India,Bhutan,Maldives,Pakistan,Nepal and Srilanka.The main objective of SAARC is to provide the platform for south east nations to work together in a environment of friendship,trust and understanding.Its main aim is to accelerate the process of economic and social development in member states.
The SAARC Secretariat is based in Kathmandu. It coordinates and monitors implementation of activities, prepares for and services meetings, and serves as a channel of communication between the Association and its Member States as well as other regional organizations. The Secretariat is headed by the Secretary General, who is appointed by the Council of Ministers from Member Countries in alphabetical order for a three-year term. Mr. Q.A.M.A. Rahim from Bangladesh is the current Secretary General. The previous Secretaries General were from Bangladesh, India, Maldives, Nepal, Pakistan and Sri Lanka. The next Secretary General is to be from Bhutan.
According to the ministeral decleration "The International financial institutions (IFIs) have a critical role to play in encouraging and assisting developing countries, particularly Least Developed Countries and Land Locked Developing Countries. This includes changes to policies and practices which are detrimental to the growth prospects of these countries. Substantial structural reforms in IFIs should reflect the current realities and provide due representation to developing countries".
No comments :
Post a Comment