 Action Plan For SASEC Initiatives (2024–2026)The Action Plan For SASEC Initiatives (APSI) (2024–2026) was finalized following extensive discussions during the SASEC working group meetings on transport, trade facilitation, and energy, as well as the Senior Officials Meeting held in New Delhi, India in late 2023, with additional input from country consultations and SASEC meetings in Thimphu, Bhutan in 2024. A significant enhancement to this iteration is the introduction of a Progress Update Framework, through which ADB will provide periodic updates on the advancement of APSI projects and knowledge initiatives. The comprehensive list of projects and knowledge works scheduled for implementation during the 2024–2026 period emerged from these SASEC deliberations and subsequent consultations, receiving final endorsement at the SASEC meetings in Thimphu, Bhutan in November 2024. For reporting purposes and to demonstrate continuity, the APSI also incorporates a list of projects and knowledge works completed during the 2022–2024 period, highlighting their connections to initiatives planned for 2024–2026. Author: SASEC Year: 2024 Download Tags: SASEC, Energy, Economic Corridor, Trade Facilitation, Transport  Powering Nepal: 5 Decades of ADB–Nepal Partnership in the Energy SectorAmong the projects transforming Nepal's energy sector in terms of energy sufficiency and regional cooperation is the SASEC Power System Expansion Project, which is the largest energy project implemented by ADB in Nepal. The project will construct transmission lines that could evacuate up to 2 gigawatts (GW) of electricity from the Kali Gandaki and Marsyangdi river basins. It will also develop infrastructure to facilitate exports of at least 1.2 GW of power to India and scale up on- and off-grid renewable energy supply in Nepal. Another project, the SASEC Power Transmission and Distribution System Strengthening Project, will strengthen transmission substations to support electricity exports and upgrade medium-voltage and low-voltage distribution networks to provide quality and reliable electricity supply to 850,000 new and existing customers in Madhesh Province. Author: Asian Development Bank Year: 2024 Download Tags: Renewable Energy, Nepal, ADB, SASEC, India Asian Economic Integration Report 2024This report looks at how economic factors affect the movement of goods, people, and services across borders. As regional economies work to improve economic cooperation, initiatives such as the South Asia Subregional Economic Cooperation (SASEC) strive to improve cross-border trade and connectivity through such projects as the SASEC Chittagong–Cox’s Bazar Railway Project in Bangladesh and the SASEC Highway Enhancement Project in Nepal, and the Visakhapatnam–Chennai Industrial Corridor Development Program in India. Author: Asian Development Bank Year: 2024 Download Tags: SASEC, Transport, Economic Corridor Development, Bangladesh, India, ADB South Asia Development Update April 2024: Jobs for ResilienceGDP in South Asia is estimated to grow at 6.0% in fiscal year (FY) 2024 and 6.1% in FY2025, backed by strong growth in India and the rest of South Asia, outperforming other emerging market and developing economies. In Bangladesh, GDP growth is projected at 5.6% in FY2023-2024 and 5.7% in FY2024-2025; while Bhutan growth is projected at 4.9% FY2023-2024 and 5.7% in FY2024-2025. Robust growth is projected for India at 7.5% in FY2023-2024 and 6.6% in FY2024-2025. Growth will be on an upward trajectory for Maldives at 4.7% in FY2024 and 5.2% in FY2025; for Nepal at 3.3% in FY2023-2024 and 4.6% in FY2024-2025; and for Sri Lanka at 2.2% in FY2024 and FY2.5 in 2025. Author: World Bank Year: 2024 Download Tags: South Asia, GDP |
