Bhutan and ADB
In the Spotlight
ADB Vice-President Mr. Wencai Zhang today, together with the Bhutan Prime Minister Mr. Tshering Tobgay and Finance Minister and ADB Governor Mr. Namgay Dorji joined an inauguration ceremony of a new ADB office in Thimphu, hailing the move as a significant moment in the ADB-Bhutan partnership.
In Bhutan, residents of Thimphu voluntarily contributed parcels of land to allow for the planned, sustainable expansion of the city. This innovative approach has now become a model for urban expansion and growth across the country.
Bhutan's partnership with ADB has helped drive its careful, tradition-focused development strategy.
Trade reforms are helping the Himalayan Kingdom of Bhutan open up its market, grow the economy, and improve prospects for businesses.
The Kingdom of Bhutan is a landlocked country that banks on the generation of hydropower to boost its economy. Hydropower contributes about a fifth of the gross domestic product.
Bhutan has achieved exceptional economic growth over the past 3 decades. Significant achievements in social development have also been made in recent years, with the number of poor approximately halved between 2007 and 2012. However, the challenge remains for Bhutan to expand its economic base and make its growth more inclusive, especially for unemployed youth and women.
Under the country partnership strategy, 2014–2018, ADB assists the government in achieving self-reliance and inclusive and green socioeconomic development, as well as enhance cooperation with its neighbors.
Bhutan is a member of the South Asia Subregional Economic Cooperation (SASEC) program.
Projects in Bhutan
- Housing Finance Sector Development Program
- Health Sector Development Program
- Promoting Investments and Economic Growth in Central and West Asia, East Asia and South Asia Sub-Regions
- South Asia Subregional Economic Cooperation Green Power Investment Program
- Asian Development Outlook 2019-2021 (Cluster TA)
- Supporting Knowledge Solutions for New Development Strategies in South Asia
- South Asia Subregional Economic Cooperation Regional Energy Cooperation
- Implementing Trade Facilitation Initiatives under the South Asia Subregional Economic Cooperation Program
- Skills Training and Education Pathways Upgradation Project
- Supporting Innovation and Knowledge Exchange for Transport Projects in South Asia
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2016 (Subproject 1)
- Strengthening Economic Management Program II
- BHU: Development of Non-energy Private Sector Projects
- Institutional Strengthening for Skills Development
- South Asia Subregional Economic Cooperation Transport, Trade Facilitation and Logistics Project