Finance Ministries from Nepal, India, Pakistan, Sri Lanka, Bangladesh, Bhutan, the Maldives and Afghanistan jointly inaugurated the meeting, according to the Nepali Embassy in Colombo.
On the occasion, International Monitoring Assistance and Finance and Planning Deputy Minister of the host country Sri Lanka, Dr. Sarath Amunugama, stressed the need of unity among the SARRC members to strengthen the existing mutual relations.[break]
SAARC Secretary General Ahmed Saleem argued that the SARRC members should review the financial activities of the respective countries in view of changes in the global economy.
The meeting is expected to seek ways for promoting long term financial capital investment in the South Asia. Similarly, the meeting shall finalise the draft related to investment promotion and security.
Besides, the meeting will focus on the discussions about how to keep South Asia safe from the global economic crisis.
In the meantime, Finance Ministers from all the eight SAARC countries paid a courtesy call on President of Sri Lanka Mahinda Rajapaksa today.
On the Occasion, the Sri Lankan President emphasized on the common voice of the SAARC countries at the international forum. The SARRC future course of action should focus on uplifting the living standards of the people of the region, he said.
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