Bhutan and ADB
In the Spotlight
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.
Trade reforms are helping the Himalayan Kingdom of Bhutan open up its market, grow the economy, and improve prospects for businesses.
On his 3-day visit to Bhutan, ADB Vice-President Wencai Zhang met with senior government officials to discuss ADB operations as well as the future direction of its partnership with the country.
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
- Preparing the Health Sector Development Program
- Developing Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Approaches, Methodologies, and Controls
- Education and Skills Development Project
- Enhancing Competitiveness of High-Value Agriculture and Artisan Products Value Chains
- Improving Institutional Capacity on Preparing Energy Efficiency Investments