Bangladesh to contribute US$1.5m to COVID-19 SAARC emergency fund

Flags of SAARC countries
File Photo

Bangladesh will contribute US$1.5 million to the SAARC Emergency Fund proposed by Indian prime minister Narendra Modi to fight coronavirus (COVID-19) in the region.

There are commitments from other countries too, an official told news agency UNB confirming Bangladesh's contribution.

On 15 March, Modi said the emergency fund could be based on voluntary contributions from all of them and India can start with an initial offer of US$10 million for this fund.

Earlier, Indian prime minister Modi proposed a strong strategy by South Asian Association for Regional Cooperation (SAARC) member countries to fight the coronavirus threat in South Asian region.

Prime minister Sheikh Hasina welcomed Modi’s proposal and had constructive dialogue with her Indian counterpart and other heads of state and government and discussed way forward at this testing time for the region and the world.