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40th Meet of SAARC Central Bank Governors Meet

Published on November 08, 2020
Current Context: The 40th Meeting of the SAARCFINANCE Governors' Group was held virtually.
40th Meet of SAARC Central Bank Governors Meet
  • The meeting was held under the chairmanship of Reserve Bank of India Governor, Shaktikanta Das.
  • The current chairmanship of SAARCFINANCE is with Reserve Bank of India.
  • The meeting was attended by Governors of SAARC Central Banks. 
  • During the meet, RBI Governor inaugurated the SAARCFINANCE Sync, which is a closed user group secure communication network.
  • RBI Governor highlighted to develop close partnership and to boost cooperation among SAARC Member countries in order to fight COVID-19 pandemic situation.
  • The dignitaries reviewed the macroeconomic situation in the SAARC region and held discussions about current SAARCFINANCE initiatives.
  • Static Part: About SAARCFINANCE: It was established in 1998 and it is a network of central bank governors and finance secretaries of the SAARC region.
    • Current Chairmanship of SAARCFINANCE: Reserve Bank of India
    • List of Central Banks in SAARCFINANCE group: Bangladesh Bank, Central Bank of Sri Lanka, Da Afghanistan Bank, Maldives Monetary Authority, Nepal Rastra Bank, Reserve Bank of India, Royal Monetary Authority of Bhutan, State Bank of Pakistan.


Q.1 Who among the following chaired the 40th Meeting of the SAARCFINANCE Governors' Group?
a. Nepal Rastra Bank
b. Central Bank of Sri Lanka
c. Reserve Bank of India
d. Da Afghanistan Bank
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