SAARC’S EMERGENCY FUND
What’s in news?
South Asian nations agreed to evolve a common strategy to meet the challenge posed by the Covid-19 pandemic.
- Araised situation: Among the SAARC countries, fewer than 150 cases registered but there is a need to remain vigilant. Globally, the virus has been spread to about 142 countries and about 5 L people were affected.
- SAARC meeting: In order to frame a common strategy to meet the challenge posed by the Covid-19, the Leaders of SAARC countries met through the Video Conferencing.
- Since 2014: After 4 years, the members of SAARC countries were joined and met together
- Emergency fund: PM Modi proposed for voluntary contribution from SAARC nations to set up a COVID 19 emergency fund.
- India’s contribution: As a first country, India announced its contribution of about $10 million initially to this emergency fund.
- India’s steps against the disease: Following are the steps taken from the Indian side in order to face the COVID-19 Challenge;
- Rapid Response Team: A team of doctors and specialists are made on stand-by to be placed at SAARC nation’s disposal, if required.
- Surveillance Portal: To trace the possible virus carriers and the people they contacted a new portal has been set up called as “Integrated Disease Surveillance Portal”. The data could be shared with SAARC partners.
Data to know:
- Abbreviated as: SAARC is abbreviated as the “South Asian Association for Regional Cooperation” – a regional intergovernmental organization and geopolitical union of states in South Asia.
- Established year: It was initiated in 1985.
- HQ / secretariat: Kathmandu, Nepal.
- Objective: It working towards a common goal of achieving social, cultural, economic growth for all the people belonging to the above regions.
- Member countries: Following are the member countries – Afghanistan, Bangladesh, Bhutan, India,the Maldives, Nepal, Pakistan and Sri Lanka.
- Observer status: The countries which has observer status were Australia, China, European union, Iran, Japan, Mauritius, United States, Korea.
- Specialized Bodies: These bodies are different from the regional centres. The various bodies were;
- SAARC Arbitration Council (SARCO) – Pakistan
- SAARC Development Fund (SDF) – Bhutan
- South Asian University (SAU) – India
- South Asian Regional Standards Organization (SARSO) – Dhaka
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