With an eye on countering increasing Chinese influence in key South Asian countries, the Trump administration has sought $30 million for what it has described as "Bay of Bengal" security initiative to provide foreign military financing to Sri Lanka, Bangladesh and the Maldives.

Eye on China: US government seeks more funding from Congress to bolster Bay of Bengal military security

It was founded in 1997 and has its permanent secretariat in Dhaka. It functions in 14 different areas of cooperation

Nepal proposes dates for Bimstec Summit

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Eye on China: US government seeks more funding from Congress to bolster Bay of Bengal military security

Nepal proposes dates for Bimstec Summit