Regions and Countries

	Table of Contents
p. 17 of 20 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Bhutan

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VI. Cofinancing and Catalyzing External Resources

86. ADB is playing a catalytic role in mobilizing additional resources through cofinancing/parallel financing for projects in Bhutan. In the past, cofinancing of about $13 million from UNCDF, UNDP and Governments of Denmark and Norway for five projects were mobilized with a total of $75 million loan investments from ADB during 1983 to 1999. Cofinancing has been a challenge in Bhutan due to the small size on both loan amount and number of projects in the operational program of Bhutan.

87. ADB in consultation with the Government will continue to explore actively cofinancing/parallel financing possibilities for the program period with GEF, UNDP, UNCDF, Government of Denmark, and other bilateral and multilateral agencies. A good candidate is the Basic Skills Development Project with GTZ. Private sector financing would also be targeted for the two hydropower projects, for which feasibility studies are being conducted (see para. 55).

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