Central banks of SAARC countries are joining a webinar on Tuesday to assess the economic impacts of COVID-19 pandemic in South Asia and enhance cooperation among the countries.
The representatives of central banks from the SAARC Finance will present their respective countries’ policies and exchange their experiences of the ongoing pandemic in the webinar.The theme of the webinar has been selected considering the ongoing inexplicable global crisis amidst the pandemic.
Abu Farah Md. Nasser, deputy governor of Bangladesh Bank, will inaugurate the webinar titled “SAARC Countries: Policy Responses and its Impact” as the chief guest.
Asish Kumar Dasgupta, executive director (research) at Bangladesh’s central bank, will chair the inaugural session.
A.K.M. Fazlul Haque Mia, BB executive director (statistics), will also be present as the special guest in the second session of the webinar. Dr. Mridul Kumar Saggar, executive director of the Reserve Bank of India, will deliver the keynote speech in the session with Dr. Md. Habibur Rahman, BB executive director (research), in the chair.
Participants from the central banks of the SAARC member countries are expected to join the webinar, said a Bangladesh Bank official involved with organizing of the event.
“The webinar will be beneficial for the South Asian countries, particularly when they will learn from sharing of respective experiences by the member countries,” the official said.The webinar is expected to provide the policymakers with important insights into the pandemic and help in strengthening policy formulation and implementation techniques.
SAARC Finance is a network of SAARC central banks’ governors and finance secretaries, which was introduced at the 10th SAARC summit of the Heads of States in Colombo on 29th July, 1998.
In the summit, the Heads of the States agreed in principle to establish a "Network of Central Bank Governors and Finance Secretaries of the SAARC region named SAARC Finance" to open dialogues on macro-economic policies of the region and sharing mutual experiences and ideas.