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Bhutan: Private Sector Development Project

Media Contacts

Washington DC, June 20, 2007—The World Bank's Board of Executive Directors today approved the following project.

IDA GRANT: US$8 million
PROJECT DESCRIPTION: The project is designed to increase productive employment through enterprise development in the information technology (IT) sector, enhanced IT skills, and improved access to finance. The project has three components: (i) development of the IT/IT enabled services (ITES) sector by establishing an IT Park and related infrastructure and IT promotion services; (ii) development of an IT skills program; and (iii) strengthening the financial sector through IT investments.