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Rural Finance Development Project: Report and Recommendation of the President

Reports and Recommendations of the President | November 2020

The project will enhance access to finance for rural cottage and small industries (CSIs), thereby increasing rural employment and promoting economic development. The project focuses on (i) expanding collateral-based rural CSI financing through Bhutan Development Bank (BDB); (ii) extending non-collateral-based group loans to rural CSIs; (iii) strengthening BDB’s institutional capacity; and (iv) providing financial literacy training and business development support to rural CSIs.

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 November 2020 is provided for the ADB project 53307-001 in Bhutan.