South Asia Subregional Economic Cooperation (SASEC)

  • Founded in 2001
  • Members:
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Srilanka
  • It aims to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries, and strengthening regional economic cooperation.
  • It is a project based partnership
  • It is an initiative of Asian Development Bank (ADB)
  • ADB is the secretariat and lead financier of the SASEC program. 
  • Why in news? Myanmar has become its 7th member

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