44. Consider the statements about South Asia Sub-regional Economic Cooperation (SASEC) Program.
1. Myanmar is a member of this program.
2. Asian Infrastructure Investment Bank (AIIB) serves as the Secretariat for the SASEC member countries.
Which of the above statements is/are correct ?
a) 1 only
a)
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, 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.