Explanation:

South Asia Regional Training and Technical Assistance Centre (SARTTAC) is a collaborative venture between the IMF, the member countries (Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka), and development partners. The Centre’s strategic goal is to help its member countries strengthen their institutional and human capacity to design and implement macroeconomic and financial policies that promote growth and reduce poverty. It is a new kind of capacity development institution, fully integrating customized hands-on training with targeted technical advice in a range of macroeconomic and financial areas, and generating synergies between the two. It was inaugurated at Delhi in February 2017. SARTTAC is financed mainly by its six member countries with additional support from Australia, the Republic of Korea, the European Union and the United Kingdom.