SASEC Program:Aims & headquarter

Q.  Which of the following statements is/are correct about South Asia Sub-regional Economic Co-operation (SASEC) Program?

1. Transport, trade facilitation,energy and ICT are priority sectors for investment.
2. The headquarter of SASEC program is in Colombo
- Published on 24 Nov 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
- The Manila, Philippines-based Asian Development Bank (ADB) serves as the Secretariat for the SASEC member countries.
- The South Asia Subregional Economic Cooperation (SASEC) Program, set up in 2001, brings together Bangladesh, Bhutan, India, the Maldives, Nepal and Sri Lanka
- It is a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries, and strengthening regional economic cooperation.

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