ADB Project in Nepal to Support SASEC Cross-border Power Trade
A new Asian Development Bank project will help improve power supply and distribution systems in Nepal through a concessional loan worth $200 million. The project aligns with the South Asia Subregional Economic Cooperation program on intraregional power trade through cross-border power exchange.
BIMSTEC Needs to Prepare for Manufacturing Shifts Post-COVID-19
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation nations need to be prepared for imminent shifts in global manufacturing that may occur following policy changes to respond to the COVID-19 global health crisis.
Potential Exports and Nontariff Barriers to Trade: India National Study
This diagnostic study explores how India could boost its exports by addressing nontariff trade barriers. It looks at sanitary and phytosanitary measures and technical barriers to trade and identifies export products that have the potential to gain market share in its SASEC partner countries. It considers possible legal reforms, the upgrade of laboratories and quality standards, and capacity development for accrediting agencies.
SASEC Projects in 2019 Build Economic Connectivity
ADB helps foster regional cooperation and integration through its support of the SASEC Program. In 2019, ADB committed $495 million to reduce travel times along regional corridors connecting Nepal with India and Bangladesh and improve connections to Sri Lanka’s international port under the SASEC Program.
ADB Trade Finance Program to Help Sri Lanka against COVID-19
An ADB trade finance program is supporting a loan to the State Pharmaceuticals Corporation of Sri Lanka to purchase medical supplies as part of the country’s response to the COVID-19 pandemic.
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