The 12th informal meeting of SAARC Finance Ministers was held in Manila, Philippines on May 4, on the sidelines of the 51st Annual Meeting of Asian Development Bank (ADB). The meeting was attended by the Finance Ministers / Heads of Delegations from the SAARC member states. Finance Minister of Nepal Yuba Raj Khatiwada chaired the meeting. The Finance Ministers/Heads of Delegation briefed the meeting about the current status of economic progress achieved by their countries. They also appreciated ADB for its contribution in the economic growth of SAARC countries. An Indian delegation was headed by Subhash Chandra Garg, Secretary of Department of Economic Affairs (DEA).