FM to make his maiden foreign visit next week

The sixth meeting of SAARC finance ministers is scheduled to be held in Colombo, Sri Lanka on August 30, 2013 preceded by the finance secretaries meet a day in advance.

SAARC finance ministers usually meet within the first quarter of every year to take stock of macroeconomic developments and outlook for South Asia, to review the achievement of SAARC development goals as co-related to millennium development goals (MDGs), and to assess the investment climate, foreign capital inflows, financial sector reforms, and other areas of economic cooperation.

The finance ministers meet this year will examine the current status of economic and financial cooperation in the region, review the progress in the implementation of the recommendations of fifth meeting of SAARC finance ministers, discuss on a proposal to allow for greater flow of financial capital and intra-regional long-term investment, overall economic outlook of the SAARC economies and study on ‘Regional Economic Integration in SAARC: Towards South Asian Economic Union (SAEU)’.

The finance ministers also meet regularly in informal settings on the sidelines of annual meetings of the World Bank and Asian Development Bank.

Finance minister Namgay Dorji, will lead the Bhutanese delegation which includes senior officials from the finance and foreign ministry.

Minjur Dorji

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