Strengthening Fiscal Management & Private Sector Employment (WB-P164290)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Bhutan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Bhutan
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 29, 2019

Disclosed by Bank Aug 23, 2017


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Project Description

This project is the first in a programmatic series of three operations that aim to strengthen policy framework to improve fiscal management and enhance policies to promote private sector employment opportunities in Bhutan. 

The proposed operations are structured around two pillars:

A) The first pillar focuses on actions that strengthen macroeconomic management, domestic resource mobilization and public financial management.

B) The second pillar seeks to increase access to finance for micro, small and medium enterprises.

According to website of the World Bank, the proposed objective of the porject is to safeguard fiscal sustainability and strengthen private sector’s ability to generate employment opportunities.

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Contact: Yoichiro Ishihara
Title: Resident Representative / Senior
Economist
Tel: +975-17-124-534
Email: yishihara@worldbank.org
Location: Thimphu, Bhutan

Borrower
Contact: Nim Dorji
Title: Secretary, Ministry of Finance
Tel: +975-2-322223
Email: ndorji@mof.gov.bt

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.