Strengthening Fiscal Management and Private Sector Employment Opportunities Development Policy Credi (WB-P171780)

  • 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
Bank Risk Rating
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, 2020
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.
Government of Bhutan
The holder of the loan, grant, or other investment.
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
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 May 19, 2020

Disclosed by Bank Oct 13, 2019

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Project Description

According to the bank document, The proposed project will support "policy measures that aim at improving fiscal management and enhancing employment opportunities in the private sector. Results intended to improve fiscal management aim at (i)improvements to domestic resource mobilizationthrough the introduction of a GST and (ii) reducing the procyclicality of fiscal policy and improving the efficiency with which budgets are executed through the adoption of fiscal stabilization measures and public financial management reforms. To improve private sector employment opportunities, this DPC aims at three key results. First, the operations aims to enhance access to finance and capitalfor firms through Foreign Direct Investment (FDI) reforms and improved payment system supervision. Second, the operation will improve human capital formationthrough reforms to the education and health system. Finally, the policy measures supported by this operation will enhance environmental sustainabilityand gender inclusiveness."

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Florian Michael Blum, Yoichiro Ishihara, Economist

Implementing Agencies
Ministry of Finance
Dasho Nim Dorji
Finance Secretary


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