SAARC Development Fund looking to team up with financing majors

Two-day meet in New Delhi to focus on consortium lending with multilateral development banks like AIIB, NDB

More than a decade after it was established, the SAARC Development Fund (SDF) is pushing hard to team up with the two newest players in multilateral developmental financing as it forays into infrastructure projects for the first time.

In its two-day meet beginning Monday in New Delhi, the development fund established by nations of the South Asian Association for Regional Cooperation (SAARC) bloc back in 2005, will be looking at ways to explore co-financing options with both the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB), apart from other multilateral bodies and sovereign development creditors.

To be