ICB's involvement with South Asian Development Fund (SADF)

SAARC Fund for Regional Projects (SFRP) and SAARC Regional Fund (SRF) were established in 1991 with the collaboration of member countries of the SAARC. The establishment of SADF was officially declared by dissolving SFRP and SRF in a meeting of the member countries held in Dhaka in June 1 996. SADF is an Umbrella Fund comprising three windows:

(i) Window for Identification and Development of Projects ( See :Opportunities for Investment in New Projects )

(ii) Window for Institutional and Human Resource Development, and

(iii) Window for Social

and Infrastructural Development. ICB being the nodal DFI has been representing Bangladesh in the governing board of SADF and contributed proportionately to the fund. UP to 30 June 2004, eight meetings of the Governing Board of SADF were held. The Managing Director of ICB performed the responsibilities of the first chairman of the Governing Board of SADF and by rotation, the Chief Executive Officer of National Bank of Pakistan is the current Chairman of the Governing Board of SADF. Under Wtdow-i of SADF, identification and feasibility studies of 14 projects have been completed of which 9 projects are in Bangladesh and under Window-ii a training programme was arranged in India.