Bhutan and ADB
In the Spotlight
ADB will provide $120.5 million in loans and grants to build a run-of-the-river 118-megawatt hydropower plant in central Bhutan though a public-private partnership. Clean power generated by the plant will be sold to India and in doing so, will help reduce carbon emissions.
Bhutan’s Prime Minister Tshering Tobgay discusses the development challenges facing his country.
Bhutan has made impressive gains in social, economic, and political development over the years. Its unique approach to progress, expressed in the philosophy of Gross National Happiness, demonstrates the country's commitment to a model of development going beyond mere economic growth.
A new country partnership strategy with Bhutan for 2014-2018 will seek to promote inclusive and environmentally sustainable growth in the landlocked South Asian kingdom and to boost cooperation with its neighbors.
ADB has partnered with the Government of Bhutan since 1982, and today it is the country's largest multilateral development partner. ADB has maintained close cooperation with other multilateral and bilateral funding agencies, as well as civil society organizations, to strengthen the effectiveness, quality, and sustainability of assistance. The new resident mission in Bhutan is expected to further enhance aid coordination.
Under the country partrnership strategy, 2014-2018, ADB will assist the government in achieving self-reliance and inclusive and green socioeconomic development.
0.73(2013) Population in millions
1.8%(2008-2013) Average annual population growth
12.0(2012) Population living below the national poverty line