The Central Bank of Sri Lanka hosted the 24th SAARCFINANCE Coordinators’ Meeting at the Central Bank premises in Colombo on 1 September.
The 24th SAARCFINANCE Coordinators’ Meeting was attended by SAARCFINANCE Coordinators and focal points from the central banks and finance ministries of the SAARC region.
The broad objective of SAARCFINANCE is to promote cooperation between central banks and finance ministries of SAARC member states to forge closer cooperation on the macroeconomic policies of member states and to share experiences and expertise within the region.
Dr. Indrajit Coomaraswamy, Governor of Central Bank of Sri Lanka and the current Chairman of SAARCFINANCE, delivered the event’s opening address. In his remarks, Dr. Coomaraswamy appreciated the recent initiatives undertaken by the SAARCFINANCE Network, such as the SAARCFINANCE Regional Database, SAARCFINANCE Collaborative Research Studies, the Staff Exchange Program and the SAARCFINANCE Swap Arrangement.
He also stressed that cooperation between the central banks and Finance Ministries of the region was needed to uplift the living standards of the people in the region, particularly through increased regional integration.