Bhutan: Strengthening of the Credit Information Bureau

Sovereign Project | 41147-012

Summary

The TA will provide sufficient financial support to the Government to procure an adequate technology platform for establishing the credit informaiton system as well as build institutional capacity for operationalizing a credit information bureau at RMA.

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Project Name Strengthening of the Credit Information Bureau
Project Number 41147-012
Country Bhutan
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7084-BHU: Strengthening of the Credit Information Bureau
Technical Assistance Special Fund US$ 350,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Banking systems and nonbank financial institutions

Gender Equity and Mainstreaming No gender elements
Description The TA will provide sufficient financial support to the Government to procure an adequate technology platform for establishing the credit informaiton system as well as build institutional capacity for operationalizing a credit information bureau at RMA.
Project Rationale and Linkage to Country/Regional Strategy The TA is in line with the Government's objective of developing the country's financial sector to promote private sector investment and development. It was later included in the Bhutan Country Operations Business Plan 2008-2010.
Impact A more efficient and sound banking system and, therefore, improved financial sector development
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Bhutan
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services A single source selection (SSS) method will be used to engage an international CIB management specialist (0.75 person-month) through Dun and Bradstreet ( the developer of credit information software purchased by the Government) to: (i) set up and provide relevant training for the required MIS and (ii) design and plan the advanced management training and overseas attachment programs.
Responsible ADB Officer Jiro Tsunoda
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of FinanceRoyal Government of Bhutan
Thimphu, Bhutan
Attention: Director
Timetable
Concept Clearance 06 Feb 2008
Fact Finding 25 Feb 2008 to 28 Feb 2008
MRM -
Approval 27 May 2008
Last Review Mission -
PDS Creation Date 16 Jul 2009
Last PDS Update 26 Jul 2010

TA 7084-BHU

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
27 May 2008 19 Jun 2008 19 Jun 2008 31 Jul 2009 31 Jul 2010 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
350,000.00 0.00 80,000.00 0.00 0.00 0.00 430,000.00 27 May 2008 349,861.10
Title Document Type Document Date
Strengthening of the Credit Information Bureau TA Completion Reports Oct 2012
Strengthening of the Credit Information Bureau Technical Assistance Reports May 2008

Safeguard Documents

See also: Safeguards

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Evaluation Documents

See also: Independent Evaluation

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