What is Colombo Plan?
In this article we will discuss about Colombo Plan. The main points will be: i. Background of Colombo Plan ii. Financial Resources and Sector Distribution iii. Criticism of the Colombo Project iv. The main key points Let's start the background of Colombo Plan. Background Although the first five-year plan (1955-60) formally launched economic planning in Pakistan. However, even before that, an experiment was carried out under the Southeast Asian Economic Development Assistance Program, known as the Colombo Plan. The plan is in fact the work of the Commonwealth Foreign Ministers Which took place in the early 1950s in Colombo, the capital of Sri Lanka. The development plan was developed collectively for Pakistan, India, Sri Lanka, Malaya, Singapore, South Borneo, Shali Borneo and Sarwak. Its period is 1951-57. The six years of AD were fixed. The plan was in fact an effort to boost t...