This is an encourageable development since it helps policymakers at the highest level to debate grand issues and policy designs. Third, the SAARCFINANCE network initiated a meeting of senior economists to discuss economic conjecture of member countries. The idea is to share and compare notes on economic policy experiences, albeit informally and at an executive level.
The first of these meetings were held in Islamabad in June 2013, which could also be followed by member central banks. 15. Although, these three steps represent ways in which important economic issues of common interest are debated, they fall short of economic policy coordination within the member countries.