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  • Time for Financial Cooperation in BIMSTEC: Scope and Future Roadmap
    Published By: Policy Brief No. 162
    Prepared by: Priyadarshi Dash, Mr Avinash and Ms. Shri Nidhi Pareek
    Policy Brief No. 162

    Over the years, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooper a tion (BIMSTEC) has strengthened its pillars and mechanisms of cooperation including adoption of the Charter and consolidation of priority sectors into seven areas at the Fifth BIMSTEC Summit held in Colombo in March 2022. Besides consolidation, BIMSTEC has broadened its agenda of cooperation by identifying three more fields as sub-sectors including blue economy, mountain economy and poverty alleviation at the 19th Ministerial Meeting held on 9 March 2023. While the seven pillars of cooperation have dedicated mechanisms for official deliberations and broadly guide the scope of BIMSTEC cooperation,