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Colombo Plan
 
 

 

The Colombo Plan for Cooperative Economic and Social Development in Asia and the Pacific is a regional intergovernmental organization established on 1 July 1951 by Australia, Canada, India, Pakistan, New Zealand, Sri Lanka, and the United Kingdom. It later expanded to include 26 member countries from outside the Commonwealth.

 

Reference: Oxford Press Dictonary of Economics, 5th edt.