4th BIMSTEC Summit To Be Held in Kathmandu

The fourth Summit of Heads of State/Government of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will be held at Kathmandu in Nepal on August 30 and 31. 
Prime Minister Narendra Modi will participate in the summit. During the two-day Summit, leaders of member states will review progress achieved so far in the areas of cooperation and provide guidance to the future work of the BIMSTEC. 
Source- The Hindu

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • BIMSTEC is a regional economic bloc comprising seven member states lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. 
  • The group was formed in 1997 and it brings together Bangladesh, Bhutan, India, Nepal, Sri Lanka Myanmar and Thailand. 
  • Nepal is the current chair of BIMSTEC.