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Compiled features on recent developments in regional cooperation and integration in the SASEC region.

Year:
March 2015

India Announces Foreign Aid to Neighbors

India announced more grant aid to developing countries during the unveiling of Prime Minister Narendra Modi's full year budget for 2015-2016 on 28 February 2015. 84% of the total aid amount has been allocated to India’s fellow members in the South Asian Association for Regional Cooperation (SAARC). The majority of this grant financing will go toward various development assistance projects already being implemented.

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Tags: India, Grants, SAARC

April 2014

SASEC Total Project Investments Break $5 Billion

Since approval of the first project in 2001, $5.36 billion has been invested under SASEC in transport, energy, and trade facilitation projects. Overall, 30 SASEC projects are helping the member countries strengthen regional connectivity infrastructure, promote economic growth, and foster regional cooperation. A further $55 million has supported 54 technical assistance projects.

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Tags: Loan, Grants, Technical Assistance, Infrastructure