Bhutan: Country Partnership Strategy (2019–2023)
The strategic objectives of the country partnership strategy (CPS), 2019–2023 of the Asian Development Bank(ADB) are to foster economic diversification and reduce spatial and social disparities. The CPS will focus on three strategic priorities: (i) dynamic economic reforms to foster a resilient and diversified economy, (ii) improved connectivity to provide access to information and markets, and (iii) greater inclusiveness through more equitable socioeconomic development.
The CPS is aligned with Bhutan’s Nationally Determined Contribution, the 12th plan, and ADB’s Strategy 2030 and its operational priorities. The strategic objectives of the CPS enable a focused and differentiated approach to a country that is small and landlocked. The approach is consistent with the key thrust of ADB’s Strategy 2030, aiming to create quality jobs by fostering small and medium-sized enterprises and inclusive businesses.
ADB will add value to Bhutan’s development by combining finance, knowledge, and partnership in its ongoing and future operations. As a long-term development partner with the largest investment portfolio after the Government of India, ADB is well-positioned to support crucial reforms and investments as envisaged in the 12th plan. ADB will promote knowledge sharing, best practices, and innovation. ADB is committed to support private sector operations by attracting private investments and commercial cofinanciers.
- Country at a Glance
- Country Partnership Strategy Snapshot
- Country Development Context
- Country Strategy Framework
- Strategy Implementation