The Asian Development Bank (ADB) has approved the following technical assistance:

Description

This technical assistance will improve the overall functioning of Bhutan's financial sector by reducing non-performing loans in the nonbank sector, increasing capital for the nonbank sector and increasing pension coverage and access to microfinance. This will be accomplished by assisting the Royal Monetary Authority in setting regulatory and financial supervision policies that both support market development and enhance stability of Bhutan's insurance, pension, microfinance and securities sectors.

Amount 

$525,000 grant from the Japan Fund for Poverty Reduction, administered by ADB.
 

 
This page was generated from http://www.adb.org/news/briefs/bhutan-technical-assistance-strengthen-regulation-capacity-nonbank-financial-institution on 25 April 2015