Colombo Plan The Colombo Plan for Cooperative Economic and Social Development in Asia and the Pacific was conceived at the Commonwealth Conference on Foreign Affairs held in Colombo, Ceylon (now Sri Lanka) in January 1950 and was launched on 1 July 1951 as a cooperative venture for the economic and social advancement of the peoples of South and Southeast Asia. Many prominent persons represented their respective countries at this Conference such as Percy Spender, Minister for External Affairs, Australia; Ernest Bevin, Foreign Secretary, Britain; Lester Pearson, Minister for External Affairs, Canada; Jawaharlal Nehru, Prime Minister and Minister for External Affairs, India; Fredrick Doidge, Minister for External Affairs, New Zealand; Ghulam Mohammed, Minister of Finance, Pakistan and D.S. Senanayake, Prime Minister of Ceylon and J.R. Jayewardene, then Finance Minister and later President of Sri Lanka.
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