The proposed program involves a budget support for the Government of Bhutan which is currently facing weakening growth prospects as well as challenges in macroeconomic management. The objective of the program is, therefore, to strengthen macrofinancial management in the country to ensure adequate and sound development financing in a balanced and non-distortionary manner. The expected impact of the proposed program is strengthened macrofinancial management of the government in a sustainable manner. The outcome will be increased predictability in funds-flow and creation of greater fiscal space in the government budget.
A preliminary agreement between ADB and the Government of Bhutan was reached on the reform measures and policy actions required for ADB's support under the Bhutan Strengthening Economic Management Program (BSEMP), and the areas covered under policy reform program will include:
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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.