Financial Market Development Program (Subprogram 3): Report and Recommendation of the President

Reports and Recommendations of the President | September 2021

The program supports key policy reforms designed to address finance sector deficiencies in terms of institutions, markets, and products, vulnerabilities caused by inadequate risk-based supervision, the concentration of risk, and insufficient inclusiveness.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated September 2021 is provided for the ADB project 51252-005 in Bhutan.