Bhutan: Technical Assistance to Strengthen Regulation & Capacity for Nonbank Financial Institutions

11 May 2012 - The Asian Development Bank (ADB) has approved the following technical assistance:

Description:

Briefs Intro:

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

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.

Project ID:

42244-012

Project URL:

http://www.adb.org/Projects/project.asp?id=42244

Country:

Bhutan

Subject:

ADB funds and products

Subject:

Technical Assistance

Subject:

Finance

Board Approval Date:

11 May 2012

Year:

2012

Feature

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

Project ID: 42244-012

For more information:

http://www.adb.org/Projects/project.asp?id=42244