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Bhutan: First Development Policy Grant

Media Contacts

Washington DC, May 25, 2006—The World Bank's Board of Executive Directors today approved the following project.

IDA GRANT: US$15 Million
PROJECT DESCRIPTION: The proposed first Development Policy Grant (DPG I) is in support of an ongoing reform program, which includes four components: (i) ensuring the maintenance of a sound macroeconomic framework, strengthening fiscal policy, and bolstering financial management; (ii) enhancing the investment climate for private sector growth and employment generation, (iii) augmenting the quality of and access to education; and (iv) improving health care.