WASHINGTON, April 23 - The World Bank today approved the follwing project:
Bhutan: Third Programmatic Strengthening Fiscal Management and Private Sector Employment Opportunities Development Policy Credit
IDA Credit: $40 million
Project ID: P171780
Terms: Maturity= 40 years; Grace Period= 10 years
Project Description: The reform program supported by the operation is structured under two pillars and focuses on strengthening fiscal management and enhancing private sector employment opportunities in Bhutan. The first pillar focuses on stabilizing and enhancing the sustainability of fiscal policy. The second pillar focuses on payment system stability, access to finance, competition policy, human capital and a strengthened policy environment for foreign investment. The operation also supports the government’s efforts to ensure a sustainable economic growth model and equality of opportunities.