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Two decades since its inception, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) has yet to truly succeed as an instrument of regional integration. The primary reason for the group’s slow progress is general inertia, or lack of interest amongst its members. There have also been more pressing national and regional issues that have overtaken the group’s development. This is set to change under the im
MEA budget reflects geoeconomic shift, but institutional challenges persist.
