Question

what is the financial arrangements of saarc

Answer 1

Member states make provision in their respective national budgets, for financing activities and programmes under the SAARC framework including contributions to the Secretariat budget and that of the regional institutions. The financial provision thus made is announced annually, at the meeting of the Standing Committee.

Answer 2

At just the Committee session the financial arrangement thus rendered is reported quarterly or annually. The further explanation is given below.

Explanation:

• SAARC seems to be an organization for fostering cooperation including initiating development projects but perhaps the financial model is very poor as the Member countries' participation is discretionary.
• Considering the area or community is poor, it might seem realistic judgment, although, in the existence of the public will, representatives may constitutionally withdraw from funding projects.

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