The Asian Development Bank (ADB) is banking high on the South Asia Subregional Economic Cooperation (SASEC) initiative to boosting regional connectivity, cooperation, trade and tourism since it would be a ‘win-win’ situation for the countries concerned, reports BSS.
“It’s (SASEC) progressing well and that will really contributing to improving connectivity between countries and really advancing regional cooperation. It will also be beneficial to the concerned countries and the region,” said ADB Country Director for Nepal Mukhtor Khamudkhanov while exchanging views with a group of South Asian journalists recently at its Resident Mission Office in Kathmandu.
The ADB organized the South Asia capacity building media tour on disaster management and promotion of regional tourism.
Mukhtor said the SASEC Programme would certainly be a ‘win-win’ situation for the concerned countries. The SASEC programme, set up in 2001, brings together– Bangladesh, Bhutan, India, the Maldives, Myanmar, Nepal and Sri Lanka– in a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries and strengthening regional economic cooperation.