Taking part in the 69th session of WHO Regional Committee Meeting at Colombo, they also passed a resolution for promoting physical activity and expanding health workforces across the region.
"To date, post-disaster funding through South-East Asia Regional Health Emergency Fund has done an excellent job in helping countries respond to health emergencies once those have occurred, as we saw most recently in Nepal and Sri Lanka.
"The new funding stream will allow countries to invest in infrastructure and human resources that will enhance preparedness," said Poonam Khetrapal Singh, Regional Director of WHO South-East Asia.
Establishing a joint funding stream under the South-East Asia Regional Health Emergency Fund (SEARHEF) to help countries better prepare for such events was seen by the countries as a key priority for the regional health agenda.
"Enhancing health security is a critical component of our public health mission and a core part of WHO's work in the South-East Asia Region.
"The new funding stream for emergency preparedness established by member countries is an expression of the solidarity shared within the Region, as well as recognition that preparedness is less costly than response," Singh said.
health workforce which is vital for achieving universal health coverage - a key part of the Sustainable Development Goal of "leaving no one behind".
At present, the density of health care providers in the region is 12.5 per 10,000 persons, which is less than the WHO recommended minimum of 44.5 per 10,000 persons.
Union Health Minister J P Nadda, while making an intervention at the meeting, had said India is "grappling" with shortage of health workforce while high rate of tobacco use is contributing to the rise in non-communicable diseases.
He had said India is "alive" to these challenges and committed to addressing those.
The Regional Committee is WHO South-East Asia Region's highest decision-making body.
The region comprises 11 countries - Bangladesh, Bhutan, Democratic People's Republic of Korea, India, Indonesia, Maldives, Myanmar, Nepal, Sri Lanka, Thailand and Timor-Leste.
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