Explanation – The Colombo Plan is a regional intergovernmental organization established in 1951. Its primary focus is on the development of human resources and economic cooperation in South and Southeast Asia, and it extends to the broader Asia-Pacific region. The organization was initially formed to foster economic development and cooperation among its member countries, which include nations from the Commonwealth and other regions. Over the years, it has expanded its programs to include areas such as drug demand reduction, gender affairs, and environmental issues, while maintaining its core mission of promoting economic and social development through capacity building and technical assistance.

Source: The Hindu