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On 15 March 2020, coinciding with the International Consumer Rights Day the emergency fund was proposed by Indian Prime Minister [[Narendra Modi]] during a video conference of [[SAARC]] heads of government from [[New Delhi]] as a result of the [[2019–20 coronavirus pandemic|global coronavirus pandemic]].<ref>{{Cite web|url=https://www.thehindubusinessline.com/news/pm-modi-proposes-saarc-fund-to-tackle-coronavirus/article31075168.ece|title=Covid-19: PM Modi proposes emergency SAARC fund; India to contribute $10 m|last=Bureau|first=Our|website=@businessline|language=en|access-date=2020-03-24}}</ref> The purpose of this fund is to tackle and mitigate the risks associated with the [[2020 coronavirus pandemic in Asia|coronavirus pandemic in the South Asian region]]. Other member nations welcomed the decision of Modi for the proposal of coronavirus emergency fund.<ref>{{Cite web|url=https://www.livemint.com/news/india/india-says-it-s-encouraging-that-saarc-leaders-contributed-to-covid-19-emergency-fund-11584982675012.html|title=India says it's 'encouraging' that SAARC leaders contributed to Covid-19 fund|last=Roche|first=Elizabeth|date=2020-03-23|website=Livemint|language=en|access-date=2020-03-24}}</ref>
On 15 March 2020, coinciding with the International Consumer Rights Day the emergency fund was proposed by Indian Prime Minister [[Narendra Modi]] during a video conference of [[SAARC]] heads of government from [[New Delhi]] as a result of the [[2019–20 coronavirus pandemic|global coronavirus pandemic]].<ref>{{Cite web|url=https://www.thehindubusinessline.com/news/pm-modi-proposes-saarc-fund-to-tackle-coronavirus/article31075168.ece|title=Covid-19: PM Modi proposes emergency SAARC fund; India to contribute $10 m|last=Bureau|first=Our|website=@businessline|language=en|access-date=2020-03-24}}</ref> The purpose of this fund is to tackle and mitigate the risks associated with the [[2020 coronavirus pandemic in Asia|coronavirus pandemic in the South Asian region]]. Other member nations welcomed the decision of Modi for the proposal of coronavirus emergency fund.<ref>{{Cite web|url=https://www.livemint.com/news/india/india-says-it-s-encouraging-that-saarc-leaders-contributed-to-covid-19-emergency-fund-11584982675012.html|title=India says it's 'encouraging' that SAARC leaders contributed to Covid-19 fund|last=Roche|first=Elizabeth|date=2020-03-23|website=Livemint|language=en|access-date=2020-03-24}}</ref>


[[India]] announced USD$ 100 million as its initial contribution to support the initiative and Modi stated that the contributions for the fund from member countries would be voluntary.<ref>{{Cite web|url=http://www.themorning.lk/india-to-contribute-10-m-for-saarc-covid-19-emergency-fund/|title=India to contribute $10 m for SAARC COVID-19 Emergency Fund|date=2020-03-15|website=The Morning - Sri Lanka News|language=en-US|access-date=2020-03-24}}</ref> As of 23 March 2020, the Emergency fund had accumulated sum of USD$ 18.3 billion with the pool of contributions from seven member countries except [[Pakistan]].<ref>{{Cite web|url=https://www.msn.com/en-in/news/newsindia/all-countries-except-pakistan-commit-to-covid-19-emergency-fund/ar-BB11AuWI|title=All countries except Pakistan commit to COVID-19 emergency fund|website=www.msn.com|access-date=2020-03-24}}</ref> Pakistan was sought to have gone for the consent with [[China]] over the SAARC fund.<ref>{{Cite news|last=Chaudhury|first=Dipanjan Roy|url=https://economictimes.indiatimes.com/news/politics-and-nation/prepare-put-dont-panic-is-indias-mantra-to-counter-coronavirus-narendra-modi/articleshow/74638006.cms?from=mdr|title=PM Modi proposes emergency covid-19 fund for Saarc nations|date=2020-03-16|work=The Economic Times|access-date=2020-03-24}}</ref>
[[India]] announced USD$ 10 million as its initial contribution to support the initiative and Modi stated that the contributions for the fund from member countries would be voluntary.<ref>{{Cite web|url=http://www.themorning.lk/india-to-contribute-10-m-for-saarc-covid-19-emergency-fund/|title=India to contribute $10 m for SAARC COVID-19 Emergency Fund|date=2020-03-15|website=The Morning - Sri Lanka News|language=en-US|access-date=2020-03-24}}</ref> As of 23 March 2020, the Emergency fund had accumulated sum of USD$ 18.3 billion with the pool of contributions from seven member countries except [[Pakistan]].<ref>{{Cite web|url=https://www.msn.com/en-in/news/newsindia/all-countries-except-pakistan-commit-to-covid-19-emergency-fund/ar-BB11AuWI|title=All countries except Pakistan commit to COVID-19 emergency fund|website=www.msn.com|access-date=2020-03-24}}</ref> Pakistan was sought to have gone for the consent with [[China]] over the SAARC fund.<ref>{{Cite news|last=Chaudhury|first=Dipanjan Roy|url=https://economictimes.indiatimes.com/news/politics-and-nation/prepare-put-dont-panic-is-indias-mantra-to-counter-coronavirus-narendra-modi/articleshow/74638006.cms?from=mdr|title=PM Modi proposes emergency covid-19 fund for Saarc nations|date=2020-03-16|work=The Economic Times|access-date=2020-03-24}}</ref>


[[Bangladesh]] announced it would contribute USD$ 1.5 million, [[Nepal]] and [[Afghanistan]] each announced that they would voluntarily contribute USD$ 1 million.<ref>{{Cite news|last=India|first=Press Trust of|url=https://www.business-standard.com/article/pti-stories/bangladesh-pledges-usd-1-5-mn-to-saarc-covid-19-emergency-fund-120032200897_1.html|title=Bangladesh, Nepal, Afghanistan pledge $3.5 mn to SAARC COVID-19 Fund|date=2020-03-22|work=Business Standard India|access-date=2020-03-24}}</ref> On 23 March, [[Sri Lanka]] announced it would contribute USD$ 5 million which was the second most highest contribution from a member country besides India.<ref>{{Cite web|url=https://newsin.asia/lanka-pledges-us-5-million-to-saarc-coronavirus-fund/|title=Lanka pledges US$ 5 million to SAARC Coronavirus Fund|date=2020-03-23|website=NewsIn.Asia|language=en-US|access-date=2020-03-24}}</ref> [[Maldives]] announced it would contribute USD$ 200, 000 while [[Bhutan]] announced it would contribute USD$ 100, 000.<ref>{{Cite web|url=https://www.indiatoday.in/world/story/maldives-pledges-usd-200-000-to-saarc-coronavirus-emergency-fund-1658159-2020-03-21|title=Maldives pledges USD 200,000 to SAARC Coronavirus Emergency Fund|last=MaleMarch 21|first=Press Trust of India|last2=March 21|first2=2020UPDATED:|website=India Today|language=en|access-date=2020-03-24|last3=Ist|first3=2020 14:25}}</ref><ref>{{Cite news|url=https://www.thehindu.com/news/international/maldives-pledges-200000-to-saarc-coronavirus-emergency-fund/article31126165.ece|title=Maldives pledges $200,000 to SAARC Coronavirus Emergency Fund|date=2020-03-21|work=The Hindu|access-date=2020-03-24|others=PTI|language=en-IN|issn=0971-751X}}</ref>
[[Bangladesh]] announced it would contribute USD$ 1.5 million, [[Nepal]] and [[Afghanistan]] each announced that they would voluntarily contribute USD$ 1 million.<ref>{{Cite news|last=India|first=Press Trust of|url=https://www.business-standard.com/article/pti-stories/bangladesh-pledges-usd-1-5-mn-to-saarc-covid-19-emergency-fund-120032200897_1.html|title=Bangladesh, Nepal, Afghanistan pledge $3.5 mn to SAARC COVID-19 Fund|date=2020-03-22|work=Business Standard India|access-date=2020-03-24}}</ref> On 23 March, [[Sri Lanka]] announced it would contribute USD$ 5 million which was the second most highest contribution from a member country besides India.<ref>{{Cite web|url=https://newsin.asia/lanka-pledges-us-5-million-to-saarc-coronavirus-fund/|title=Lanka pledges US$ 5 million to SAARC Coronavirus Fund|date=2020-03-23|website=NewsIn.Asia|language=en-US|access-date=2020-03-24}}</ref> [[Maldives]] announced it would contribute USD$ 200, 000 while [[Bhutan]] announced it would contribute USD$ 100, 000.<ref>{{Cite web|url=https://www.indiatoday.in/world/story/maldives-pledges-usd-200-000-to-saarc-coronavirus-emergency-fund-1658159-2020-03-21|title=Maldives pledges USD 200,000 to SAARC Coronavirus Emergency Fund|last=MaleMarch 21|first=Press Trust of India|last2=March 21|first2=2020UPDATED:|website=India Today|language=en|access-date=2020-03-24|last3=Ist|first3=2020 14:25}}</ref><ref>{{Cite news|url=https://www.thehindu.com/news/international/maldives-pledges-200000-to-saarc-coronavirus-emergency-fund/article31126165.ece|title=Maldives pledges $200,000 to SAARC Coronavirus Emergency Fund|date=2020-03-21|work=The Hindu|access-date=2020-03-24|others=PTI|language=en-IN|issn=0971-751X}}</ref>

Revision as of 08:40, 24 March 2020

On 15 March 2020, coinciding with the International Consumer Rights Day the emergency fund was proposed by Indian Prime Minister Narendra Modi during a video conference of SAARC heads of government from New Delhi as a result of the global coronavirus pandemic.[1] The purpose of this fund is to tackle and mitigate the risks associated with the coronavirus pandemic in the South Asian region. Other member nations welcomed the decision of Modi for the proposal of coronavirus emergency fund.[2]

India announced USD$ 10 million as its initial contribution to support the initiative and Modi stated that the contributions for the fund from member countries would be voluntary.[3] As of 23 March 2020, the Emergency fund had accumulated sum of USD$ 18.3 billion with the pool of contributions from seven member countries except Pakistan.[4] Pakistan was sought to have gone for the consent with China over the SAARC fund.[5]

Bangladesh announced it would contribute USD$ 1.5 million, Nepal and Afghanistan each announced that they would voluntarily contribute USD$ 1 million.[6] On 23 March, Sri Lanka announced it would contribute USD$ 5 million which was the second most highest contribution from a member country besides India.[7] Maldives announced it would contribute USD$ 200, 000 while Bhutan announced it would contribute USD$ 100, 000.[8][9]

References

  1. ^ Bureau, Our. "Covid-19: PM Modi proposes emergency SAARC fund; India to contribute $10 m". @businessline. Retrieved 2020-03-24.
  2. ^ Roche, Elizabeth (2020-03-23). "India says it's 'encouraging' that SAARC leaders contributed to Covid-19 fund". Livemint. Retrieved 2020-03-24.
  3. ^ "India to contribute $10 m for SAARC COVID-19 Emergency Fund". The Morning - Sri Lanka News. 2020-03-15. Retrieved 2020-03-24.
  4. ^ "All countries except Pakistan commit to COVID-19 emergency fund". www.msn.com. Retrieved 2020-03-24.
  5. ^ Chaudhury, Dipanjan Roy (2020-03-16). "PM Modi proposes emergency covid-19 fund for Saarc nations". The Economic Times. Retrieved 2020-03-24.
  6. ^ India, Press Trust of (2020-03-22). "Bangladesh, Nepal, Afghanistan pledge $3.5 mn to SAARC COVID-19 Fund". Business Standard India. Retrieved 2020-03-24.
  7. ^ "Lanka pledges US$ 5 million to SAARC Coronavirus Fund". NewsIn.Asia. 2020-03-23. Retrieved 2020-03-24.
  8. ^ MaleMarch 21, Press Trust of India; March 21, 2020UPDATED:; Ist, 2020 14:25. "Maldives pledges USD 200,000 to SAARC Coronavirus Emergency Fund". India Today. Retrieved 2020-03-24. {{cite web}}: |first3= has numeric name (help)CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link)
  9. ^ "Maldives pledges $200,000 to SAARC Coronavirus Emergency Fund". The Hindu. PTI. 2020-03-21. ISSN 0971-751X. Retrieved 2020-03-24.{{cite news}}: CS1 maint: others (link)
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