XM-DAC-46004-39221-022-GRNT0088Asian Development BankThe overall objective of the proposed MSME SDP is to promote the expansion and growth of a vibrant MSME sector and encourage private sector development for broad-based, sustainable economic growth and employment. To achieve this goal, the MSME SDP will consist of a program grant to address policy reforms and strengthening of the enabling environment; and a project grant, to provide the required funding otherwise not available from the domestic market due to market failure. The Program objectives include (i) establishing an integrated policy, strategy, and institutional framework for MSME development; (ii) enhancing business laws and regulations to facilitate MSME operations; (iii) increasing access to market-based finance; and (iv) strengthening business support infrastructure.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankAnqian Huanghttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=39221-022 (Closed)&officer= ahuang@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.5 90.5Private sector developmentInclusive economic growthSome gender elements (SGE)6000000Asian Development BankMinistry of Finance6000000.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Establishment of a coordinated policy, strategy, and institutional framework for MSME development Indicator: Establishment of an MSME division to facilitate coordination between different ministries and other stakeholders, including the private sector Progress/Status: The MSME Division has been established at the Department of Cottage and Small Industry of the Ministry of Economic Affairs. Data Source: Official copies of government's confirmation on the actions undertaken Official copies and publication of government strategiesOutput: 1. Establishment of a coordinated policy, strategy, and institutional framework for MSME development Indicator: Prepared and adopted longterm policy and strategy (i.e., white paper) for MSME development Progress/Status: The draft white paper has been prepared by the consultants and is now available for government review. The draft white paper was based on significant analyses and surveys conducted in the field, including informal sector survey, enterprise survey, value-chain analyses, and in consultation with a diverse range of stakeholders, including the private sector. The draft is being prepared for submission for adoption by the legislative bodies. Data Source: Program progress reports ADB review missionsOutput: 2. Enhanced business laws and regulations Indicator: Established OSS units at the RTIOs with approved and adopted action plans and performance benchmarks Progress/Status: The introduction of government's G2C (Government-to-Citizen) Initiatives in 2010 replaced the OSS' work, including that of the OSS working group. G2C covers the work that was originally designed for OSS on (i) simplified business formalization process and OSS, and (ii) minimizing relevant bureaucratic procedures. G2C signed a Compact with MOEA on simplification and automation of small and cottage business licensing requirement. The extensive performance benchmarks on the time taken for each business formalization step are included in the Compact signed between G2C and MOEA. Data Source: Official copies of government's confirmation on the undertaken actionsOutput: 2. Enhanced business laws and regulations Indicator: Reduced time involved in business formalization process from 62 days to 30 or even closer to international best practice Progress/Status: Based on the definition used by the World Bank, the government's calculation summed the total number of days for business formalization in Bhutan to 29. Data Source: Official publication of government strategiesOutput: 2. Enhanced business laws and regulations Indicator: Piloted RIA on two selected draft business laws (e.g., Bhutan Enterprises Registration Act and/or Industries and Investment Act, or any other legislation relevant to MSME development ) Progress/Status: The pilot RIA exercise did not cover suggested (i) Bhutan Enterprises Registration Act and (ii) Industries and Investment Act. Alternatively, the RIA working group conducted and completed two equivalent pilot RIA exercises on draft legislations of (i) Business Start-Up in Bhutan and (ii) Improving Entrepreneurial Skills Development and Access to Finance for Cottage and Small Industries in Bhutan. Both replacement legislations are equally relevant to MSME development in Bhutan. Data Source: Official copies of laws and regulationsOutput: 2. Enhanced business laws and regulations Indicator: Developed RIA methodology, policy, and guidelines Progress/Status: The RIA working group has completed the preparation of the RIA policy of “Rules and Regulations for Regulatory Impact Assessment System in Bhutan, 2011” and “Regulatory RIA in Bhutan Guideline.” RIA methodology and procedures have also been developed. Data Source: Program progress reports ADB review missionsOutput: 3. Increased access to market-based finance Indicator: Establish a central registry for secured transactions at RMA Progress/Status: Ongoing, Data Source: Official copies of Government/RMA reportsOutput: 3. Increased access to market-based finance Indicator: Improved MSME lending practice at BDFC by increasing the share of total loan portfolio allocated in the MSME- riented sector, and reducing its NPL ratio (e.g., from 15% in 2006; increasing from 15% of total loan portfolio distributed in the manufacturing sector in 2006) Progress/Status: To be determined. Data Source: Official copies of BDFC's board decision BDFC's financial statementOutput: 3. Increased access to market-based finance Indicator: Approved and adopted BDFC 5-year business plan aiming at providing suitable financial services to MSMEs Progress/Status: The 5-year business plan was prepared and endorsed by BDFCL's Board of Directors in 2008 for adoption. Data Source: Program progress reports ADB review missionsOutput: 4. Strengthened business support infrastructure Indicator: Established cost sharing facility to promote quality business development services Progress/Status: The cost sharing facility was established in May 2011. Data Source: Official copies of government's confirmation on the undertaken actionsOutput: 4. Strengthened business support infrastructure Indicator: Draft Standards Act submitted to the National Assembly Progress/Status: The Bill was submitted to the National Assembly on 9 August 2010. The proposed Bill was passed by the National Assembly and approved by His Majesty The King on the same day. Data Source: Official copies of acts, laws and regulationsOutput: 4. Strengthened business support infrastructure Indicator: Prepared draft plan for testing, establishment of standards and product certification Progress/Status: The proposed Bhutan Standards Bill was prepared. Data Source: Program progress reports ADB review missionsImproved enabling environment for doing business and greater access to key resourcesAt least 250 private sector businesses assisted by the cost-sharing facility by 2010 Data Source: Program progress reports ADB review missionsShare of total loan portfolio in the MSME-oriented sector by the target financial institution, BDFC, exceeds 25% by 2010 Data Source: Official copies of government's confirmation on the actions undertakenDays and procedures in setting up a new business reduce to 30 days or less by 2010 Data Source: Official copies and publication of government strategies XM-DAC-46004-39221-022-GRNT0089Asian Development BankThe overall objective of the proposed MSME SDP is to promote the expansion and growth of a vibrant MSME sector and encourage private sector development for broad-based, sustainable economic growth and employment. To achieve this goal, the MSME SDP will consist of a program grant to address policy reforms and strengthening of the enabling environment; and a project grant, to provide the required funding otherwise not available from the domestic market due to market failure. The Program objectives include (i) establishing an integrated policy, strategy, and institutional framework for MSME development; (ii) enhancing business laws and regulations to facilitate MSME operations; (iii) increasing access to market-based finance; and (iv) strengthening business support infrastructure.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankAnqian Huanghttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=39221-022 (Closed)&officer= ahuang@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.5 90.5Private sector developmentInclusive economic growthSome gender elements (SGE)8296646Asian Development BankMinistry of Finance8296645.50Asian Development BankMinistry of Finance-42372.45Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Establishment of a coordinated policy, strategy, and institutional framework for MSME development Indicator: Establishment of an MSME division to facilitate coordination between different ministries and other stakeholders, including the private sector Progress/Status: The MSME Division has been established at the Department of Cottage and Small Industry of the Ministry of Economic Affairs. Data Source: Official copies of government's confirmation on the actions undertaken Official copies and publication of government strategiesOutput: 1. Establishment of a coordinated policy, strategy, and institutional framework for MSME development Indicator: Prepared and adopted longterm policy and strategy (i.e., white paper) for MSME development Progress/Status: The draft white paper has been prepared by the consultants and is now available for government review. The draft white paper was based on significant analyses and surveys conducted in the field, including informal sector survey, enterprise survey, value-chain analyses, and in consultation with a diverse range of stakeholders, including the private sector. The draft is being prepared for submission for adoption by the legislative bodies. Data Source: Program progress reports ADB review missionsOutput: 2. Enhanced business laws and regulations Indicator: Established OSS units at the RTIOs with approved and adopted action plans and performance benchmarks Progress/Status: The introduction of government's G2C (Government-to-Citizen) Initiatives in 2010 replaced the OSS' work, including that of the OSS working group. G2C covers the work that was originally designed for OSS on (i) simplified business formalization process and OSS, and (ii) minimizing relevant bureaucratic procedures. G2C signed a Compact with MOEA on simplification and automation of small and cottage business licensing requirement. The extensive performance benchmarks on the time taken for each business formalization step are included in the Compact signed between G2C and MOEA. Data Source: Official copies of government's confirmation on the undertaken actionsOutput: 2. Enhanced business laws and regulations Indicator: Reduced time involved in business formalization process from 62 days to 30 or even closer to international best practice Progress/Status: Based on the definition used by the World Bank, the government's calculation summed the total number of days for business formalization in Bhutan to 29. Data Source: Official publication of government strategiesOutput: 2. Enhanced business laws and regulations Indicator: Piloted RIA on two selected draft business laws (e.g., Bhutan Enterprises Registration Act and/or Industries and Investment Act, or any other legislation relevant to MSME development ) Progress/Status: The pilot RIA exercise did not cover suggested (i) Bhutan Enterprises Registration Act and (ii) Industries and Investment Act. Alternatively, the RIA working group conducted and completed two equivalent pilot RIA exercises on draft legislations of (i) Business Start-Up in Bhutan and (ii) Improving Entrepreneurial Skills Development and Access to Finance for Cottage and Small Industries in Bhutan. Both replacement legislations are equally relevant to MSME development in Bhutan. Data Source: Official copies of laws and regulationsOutput: 2. Enhanced business laws and regulations Indicator: Developed RIA methodology, policy, and guidelines Progress/Status: The RIA working group has completed the preparation of the RIA policy of “Rules and Regulations for Regulatory Impact Assessment System in Bhutan, 2011” and “Regulatory RIA in Bhutan Guideline.” RIA methodology and procedures have also been developed. Data Source: Program progress reports ADB review missionsOutput: 3. Increased access to market-based finance Indicator: Establish a central registry for secured transactions at RMA Progress/Status: Ongoing, Data Source: Official copies of Government/RMA reportsOutput: 3. Increased access to market-based finance Indicator: Improved MSME lending practice at BDFC by increasing the share of total loan portfolio allocated in the MSME- riented sector, and reducing its NPL ratio (e.g., from 15% in 2006; increasing from 15% of total loan portfolio distributed in the manufacturing sector in 2006) Progress/Status: To be determined. Data Source: Official copies of BDFC's board decision BDFC's financial statementOutput: 3. Increased access to market-based finance Indicator: Approved and adopted BDFC 5-year business plan aiming at providing suitable financial services to MSMEs Progress/Status: The 5-year business plan was prepared and endorsed by BDFCL's Board of Directors in 2008 for adoption. Data Source: Program progress reports ADB review missionsOutput: 4. Strengthened business support infrastructure Indicator: Established cost sharing facility to promote quality business development services Progress/Status: The cost sharing facility was established in May 2011. Data Source: Official copies of government's confirmation on the undertaken actionsOutput: 4. Strengthened business support infrastructure Indicator: Draft Standards Act submitted to the National Assembly Progress/Status: The Bill was submitted to the National Assembly on 9 August 2010. The proposed Bill was passed by the National Assembly and approved by His Majesty The King on the same day. Data Source: Official copies of acts, laws and regulationsOutput: 4. Strengthened business support infrastructure Indicator: Prepared draft plan for testing, establishment of standards and product certification Progress/Status: The proposed Bhutan Standards Bill was prepared. Data Source: Program progress reports ADB review missionsImproved enabling environment for doing business and greater access to key resourcesAt least 250 private sector businesses assisted by the cost-sharing facility by 2010 Data Source: Program progress reports ADB review missionsShare of total loan portfolio in the MSME-oriented sector by the target financial institution, BDFC, exceeds 25% by 2010 Data Source: Official copies of government's confirmation on the actions undertakenDays and procedures in setting up a new business reduce to 30 days or less by 2010 Data Source: Official copies and publication of government strategies XM-DAC-46004-37399-013-GRNT0119Asian Development BankThe Green Power Development Project has two components: (i) regional clean power trade, and (ii) renewable energy access for the poor. Under the first component, the Dagachhu hydropower development (a 126-megawatt [MW] run-of-river type) aims to export power from Bhutan to India through the existing grid to India. The rural electrification component will provide access to electricity sourced from hydropower to 8,767 households and facilities with grid extensions, and electricity sourced from solar energy to 119 remote public facilities (e.g., schools, health clinics, and other community facilities) on an off grid basis. The Dagachhu hydropower development will be promoted by a joint venture company between Druk Green Power Corporation (DGPC) in Bhutan and Tata Power Company (TPC) in India through a public private partnership (PPP). The rural electrification component will be mainly served by Bhutan Power Corporation (BPC), a public utility service company. Asian Development BankDruk Green Power Corporation LimitedAsian Development BankAsian Development BankHazel Verianhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=37399-013 (Closed)&officer= &division= Energy Division, SARD&projectcountry= BhutanWangdue Phodrang Dzongkhag27.5 90.13333Tsirang Dzongkhag27.03333 90.16667Dagana Dzongkhag27.1 89.86667Environmentally sustainable growthPrivate sector developmentRegional integrationPartnershipsInclusive economic growth25280000Asian Development BankDruk Green Power Corporation Limited23082865.52Asian Development BankDruk Green Power Corporation Limited856598.69Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited65612.83Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation LimitedPerformanceFiduciaryOutput/s as listed by the project staff.Output: Dagachhu Hydropower Development and Rural Electrification Indicator: Full operation of the Druk Green Power Corporation, through the corporate accounting policy (2009) and integrated management information system (2011) Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2011 Target value: YOutput: Indicator Indicator: Implementation of the Hydropower Development Policy, through two sample projects with public and/or private investments Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2013 Target value: YOutput: Indicator Indicator: Financial structuring proposals of Nikachhu (210 MW) and Khomachhu (326 MW) development before 2011 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2010 Target value: YOutput: Indicator Indicator: Construction of a 114 MW run-of-river Dagachhu hydropower plant by 2012 Progress/Status: Dagachhu Hydropower Development: The Dagachhu hydropower plant has been operated since March 2015. No houses and buildings were relocated for the plant construction, but 25 households were compensated for partial loss of land for the construction of access roads. There are no outstanding safeguard issues. Rural Electrification: BPC has achieved the target number of households electrified on a grid extension sourced from hydropower electricity. Where there are very remote and economically unviable places for on-grid extensions, the solar home systems were installed. Particularly, the off-grid electrification focused on schools, clinics, and public community facilities. Because of a series of support from ADB and other donors, Bhutan is almost achieving electrification to all the households (As of the end 2014, the national electrification ratio stood at 98%). Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Construction of a 19 km transmission line to evacuate to the grid system by 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Clean and renewable energy export of additional 250 GWh to India by 2012 and 500 GWh after 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Provision of reliable power supply and service to 8,767 rural households and 119 off-grid public institutions (schools, health clinics, and other community facilities) in seven subprojects by 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YExpanded coverage of clean power developmentIncrease in access to electricity by rural and urban households, achieving a cumulative national electrification ratio from 60% to 84% (2012) Progress/Status: Bhutan has almost achieved 100% electrification goal (95% coverage in HH, as of end Sep 2013). Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Increase in hydropower export revenue of the total national account from 40% to 45% (2013) Progress/Status: Ongoing. DHPC already completed 9.3 km tunnel excavation work (1.2 km) where the rock conditions are estimated to be relatively good. The North Head Race Tunnerl (HRT) has been broken through on 8 Oct 2013. Commercial operation of each unit is targeted by end Mar 2014. Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Increase in investment size from the public and private sectors to hydropower development projects with minimum additional 1,314 MW (2014) Progress/Status: Ongoing Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Annual reduction of emission gas equivalent CO2 by 250,000 tons by 2012 and by 500,000 tons in a cross-country basis after 2012 on onward Progress/Status: The Dagachhu hydropower was registered by UNFCC in Mar 2010 as the world first cross-border CDM Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Base year: 2009 Baseline value: NContinued overall power system loss below 10% and power sector's financial health including sufficient debt service coverage (minimum 1.2) and net profit generation Progress/Status: Ongoing Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Base year: 2009 Baseline value: N XM-DAC-46004-39225-022-GRNT0174Asian Development BankThe Project will upgrade or construct five critical sections (about 180 kilometers [km]) of the southern east-west highway, including (i) Manitar-Raidak, (ii) Raidak-Lhamoizingkha, (iii) Pangbang-Amshingwoong (Nganglam), (iv) Tsebar-Mikuri-Durung Ri, and (v) Samdrupcholing-Samrang. Consulting services will be provided to prepare detailed design and support implementation of the civil works. These proposed road sections provide access to the border crossings and have significant regional implications. Road improvement and construction works under the Project include construction of roadways, including longitudinal drainage structures, installation of culverts and bridges, construction of new bridges and cross-drainage structures, and structures for resettlement and rehabilitation. The Project will also enhance overall sector management capacity by providing (i) equipment necessary for the Royal Government of Bhutan to enhance sector capacity in areas such as (a) quality survey, design, and construction, (b) road safety, and (c) control of overloading and vehicle emissions; (ii) on-the-job training for social and environmental requirements through detailed design and construction supervision consultants; and (iii) technical assistance (TA) to support the capacity building of the Department of Roads (DoR), including (a) enhancing knowledge of and skills in modern road technologies, especially with environmental considerations; and (b) enhancing and optimizing the road asset management systems.Asian Development BankDepartment of RoadsAsian Development BankAsian Development BankTomoaki Kawabatahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=39225-022 (Closed)&officer= ghoelscher@adb.org&division= Transport and Communications Division, SARD&projectcountry= BhutanChhukha Dzongkhag27 89.55Nganglam New26.81771 91.24836Panbang26.86667 90.98333Dagana Dzongkhag27.1 89.86667Pemagatshel Dzongkhag27 91.36667Sarpang Dzongkhag27.03333 90.41667Samdrup Jongkhar26.91667 91.61667Governance and capacity developmentInclusive economic growthRegional integrationSome gender elements (SGE)38760000Asian Development BankDepartment of Roads21268968.39Asian Development BankDepartment of Roads1851127.43Asian Development BankDepartment of Roads3309060.34Asian Development BankDepartment of Roads3608919.46Asian Development BankDepartment of Roads1898217.53Asian Development BankDepartment of Roads2552342.49Asian Development BankDepartment of Roads3583724.60Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads449145.64Asian Development BankDepartment of Roads238494.12Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of RoadsPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Critical sections connected along the southern east-west corridor 2. Strengthened capacity of road engineering technologies and road asset management Indicator: Project roads maintained with international roughness index below 5 (paved roads) and at an all-weather standard (gravel roads) Data Source: ADB's review missions DoR road condition survey Progress Reports/ADB's review missions Baseline year: 2009 Baseline value: N Baseline year: 2009 Baseline value: N Target year: 2015 Target value: YOutput: 1. Critical sections connected along the southern east-west corridor 2. Strengthened capacity of road engineering technologies and road asset management Indicator: 180 km completed by 2014 Progress/Status: Physical works have been completed for all 5 national highways and 2 feeder roads. Data Source: ADB's review missions DoR road condition survey Progress Reports/ADB's review missions Actual value: Expanded road transport capacity in the southern region, facilitating efficient and safe transport in the southern region of the country and with India and through India to Bangladesh and NepalAverage travel time along project roads reduced by at least 50% (from more than 3 hours) Progress/Status: Not available Data Source: Post-implementation measurement RSTA accident data Actual value: Fatality rate along the project corridor not exceeding the country's average fatality rate (5 per 10,000 vehicles) Progress/Status: Not available Data Source: Post-implementation measurement RSTA accident data Base year: 2009 Baseline value: N XM-DAC-46004-42252-022-GRNT0228Asian Development BankThe Rural Renewable Energy Development Project (the Project) will help Bhutan (i) expand rural electrification for all households, and (ii) sustain its operations and energy security, through a mix of clean energy supply sourced from hydropower, solar, wind, and biogas. The Project has four components: (i) on-grid rural electrification (RE), (ii) off-grid solar RE, (iii) establishment and grid-connection of pilot wind power generation mills, and (iv) a pilot program to promote biogas plants. The project areas are scattered throughout the country and the executing agency will be the Department of Energy, Ministry of Economic Affairs.Asian Development BankDepartment of EnergyAsian Development BankAsian Development BankPamela Braceyhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=42252-022 (Closed)&officer= &division= Energy Division, SARD&projectcountry= BhutanLhuentse Dzongkhag27.75 91.18333Tsimalakha27.08602 89.54151Trashi Yangste27.58468 91.45466Gasa27.91313 89.70886Trashigang Dzongkhag27.25 91.75Chhukha Dzongkhag27 89.55Samdrup Jongkhar26.91667 91.61667Samtse Dzongkhag27.03333 89.08333Mongar Dzongkhag27.25 91.23333Sarpang Dzongkhag27.03333 90.41667Tsirang Dzongkhag27.03333 90.16667Zhemgang Dzongkhag27.08333 90.85Private sector developmentInclusive economic growthPartnershipsEnvironmentally sustainable growthEffective gender mainstreaming (EGM)21590000Asian Development BankDepartment of Energy9651452.90Asian Development BankDepartment of Energy528839.47Asian Development BankDepartment of Energy541974.63Asian Development BankDepartment of Energy683381.78Asian Development BankDepartment of Energy603915.77Asian Development BankDepartment of Energy409180.98Asian Development BankDepartment of Energy662386.58Asian Development BankDepartment of Energy630979.81Asian Development BankDepartment of Energy1557078.96Asian Development BankDepartment of Energy965353.29Asian Development BankDepartment of Energy316232.58Asian Development BankDepartment of Energy874622.54Asian Development BankDepartment of Energy626675.25Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy830111.27Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy79544.55Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of Energy0.00Asian Development BankDepartment of EnergyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Domestic biogas plants Indicator: Construction of 1,600 domestic biogas plants through microfinance on a pilot basis by 2014 Progress/Status: (iv) Out of 1,600 biogas plants targeted, 3,896 biogas plants have been constructed, 236 plants are under construction and 403 plants are under process as of Apr 2017. These were well-recognized by users and public awareness has been well-developed. 10,500 have attended the awareness building workshops; 2,745 have attended O&M training, and 817 attended construction training. Data Source: ADB review missions' aide-memoire Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement Actual value: Output: Off-grid rural electrification sourced from solar power, and its related skill training and livelihood improvement activities Indicator: Installation of solar home systems for 1,896 new households by 2014 (target: 30% households headed by women) Progress/Status: (ii-a) For the installation and rehabilitation, BPC and DRE agreed to engage a consultant to update the exact number & location of HH which require the solar home systems since some of the HH are already extended grid connection. 1,063 new solar home lighting systems installed Data Source: ADB review missions' aide-memoire Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement Actual value: Output: Off-grid rural electrification sourced from solar power, and its related skill training and livelihood improvement activities Indicator: Rehabilitation of 2,500 existing solar home systems by 2014 Progress/Status: As of April 2017 1,675 sets of old solar home systems were rehabilitated. Data Source: ADB review missions' aide-memoire Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement Actual value: Output: Off-grid rural electrification sourced from solar power, and its related skill training and livelihood improvement activities Indicator: Training of 120 village technicians, 40% of them women, for operation and maintenance for (i) on-grid and (ii) off-grid rural electrification by 2013 Progress/Status: (ii-b) Training, livelihood improvement and disbtirubtion of manuals are ongoing. Data Source: ADB review missions' aide-memoire Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement Actual value: Output: Off-grid rural electrification sourced from solar power, and its related skill training and livelihood improvement activities Indicator: Livelihood improvement programs to 200 women in the project area by 2014 Progress/Status: Ongoing. Data Source: ADB review missions' aide-memoire Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement Actual value: Output: Off-grid rural electrification sourced from solar power, and its related skill training and livelihood improvement activities Indicator: Distribution of 4,500 user manuals for safety and operation awareness of solar home systems Progress/Status: Ongoing. Data Source: ADB review missions' aide-memoire Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement Actual value: Output: On-grid rural electrification sourced from hydropower, and its related skill training and livelihood improvement activities Indicator: Provision of reliable power supply sourced from hydropower through grid extensions to 5,075 households by 2015 (target: 30% households headed by women) Progress/Status: (i) Out of 5,075 HH targeted, 5,891 were already electrified. Data Source: ADB review missions' aide-memoire Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement Actual value: Output: Wind power generation plants Indicator: Construction of wind power mills with the capacity of 360 kW on a pilot basis and installation of three wind masts, by 2014 Progress/Status: (iii) Construction of wind power plants in Wangdue was successfully completed in Jan 2016. Data Source: ADB review missions' aide-memoire Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2014 Target value: YExpanded coverage and mix of clean energy supply in a sustainable mannerIncrease in access to electricity by rural and urban households, achieving a cumulative national electrification ratio of 100% (2015) of all households (from 60% in 2008) Progress/Status: Bhutan has almost achieved 100% electrification goal (95% coverage in HH, as of end Sep 2013). Most of the originally targeted HH under the off-grid rural electrification subproject have been electrified Data Source: Project completion report Audit financial accounts and reports National statistics Government fiscal statements Economic reports of the government, ADB, IMF, and the World Bank National Environment Commission's monitoring report Actual value: Access to clean renewable energy sources to all off-grid rural households by 2015 Progress/Status: 1,063 new solar home systems installed and rehabilitated 1,675 sets of old solar home systems as of Apr 2017. Data Source: Project completion report Audit financial accounts and reports National statistics Government fiscal statements Economic reports of the government, ADB, IMF, and the World Bank National Environment Commission's monitoring report Base year: 2010 Baseline value: NContinued financial health of BPC including sufficient debt service coverage (minimum 1.2) and net profit generation Progress/Status: Ongoing Data Source: Project completion report Audit financial accounts and reports National statistics Government fiscal statements Economic reports of the government, ADB, IMF, and the World Bank National Environment Commission's monitoring report Base year: 2010 Baseline value: NDeployment of over 120 rural village technicians, 40% of them women, by 2015 Progress/Status: Ongoing. 153 Village Electrical Entrepreneur and Electrical Technicians (VEEETs) including 31 women have been trained. Data Source: Project completion report Audit financial accounts and reports National statistics Government fiscal statements Economic reports of the government, ADB, IMF, and the World Bank National Environment Commission's monitoring report Base year: 2010 Baseline value: NReduction of emission gas equivalent to CO2 by additional 25,000 tons per annum by 2016 Progress/Status: Ongoing Data Source: Project completion report Audit financial accounts and reports National statistics Government fiscal statements Economic reports of the government, ADB, IMF, and the World Bank National Environment Commission's monitoring report Actual value: XM-DAC-46004-44239-013-GRNT0295Asian Development BankThe project is to improve infrastructure for the Bumthang, Gelephu, and Yonphula domestic airports. It aims to expand initial developments undertaken by the Government of Bhutan at these airports. The project is to strengthen safety and security, and enhance capacity, including priority needs for securing the airport perimeter; expanding terminal space, air craft parking apron, and taxiway; improving runways; and installing aeronautical communication and navigation aid equipment. These improvements are targeted to meet the requirements of current and anticipated aviation activities in the country, and help continue the record of safety. Overall, it will support the government's plan to develop a safe, reliable, and efficient air transport system connecting urban and rural centers to help overcome the current limitations of road transport and improve accessibility to less-developed regions of the country. This will help facilitate greater and more equitable coverage of potential benefits from tourism growth, stimulate private sector development, and generate employment opportunities for the poor.Asian Development BankMinistry of Information and CommunicationsAsian Development BankAsian Development BankRocio Vico Talledohttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=44239-013 (Active)&officer= rtalledo@adb.org&division= Transport Sector Office (SG-TRA)&projectcountry= BhutanYongphulla Airport27.256 91.51457Gelephu Airport26.88389 90.46836Bathpalathang Airport27.56299 90.74651Inclusive economic growthGovernance and capacity developmentRegional integration6920000Asian Development BankMinistry of Information and Communications1388137.88Asian Development BankMinistry of Information and Communications124499.55Asian Development BankMinistry of Information and Communications474026.81Asian Development BankMinistry of Information and Communications77371.75Asian Development BankMinistry of Information and Communications118472.50Asian Development BankMinistry of Information and Communications466150.33Asian Development BankMinistry of Information and Communications520256.96Asian Development BankMinistry of Information and Communications113362.49Asian Development BankMinistry of Information and Communications957632.09Asian Development BankMinistry of Information and Communications27006.83Asian Development BankMinistry of Information and Communications295719.50Asian Development BankMinistry of Information and Communications312969.98Asian Development BankMinistry of Information and Communications495936.69Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications154468.64Asian Development BankMinistry of Information and Communications368524.41Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications49181.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and CommunicationsPerformanceFiduciaryOutput/s as listed by the project staff.Output: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: all-weather access road of 1.0 km, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: 1a. Bumthang airport: Perimeter fencing of 3.8 km, Progress/Status: Bumthang Airport: Works completed in 2015 for perimeter security fence, new access road, apron and taxiway, and car park; asphalt overlay not done due to funding shortage (significant funds allocated to Yonphula); terminal building completed began operations in April 2023 Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: reshape runway, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: security gate, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: apron and taxiway of 8,364 m2, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: 1b. Gelephu airport: Perimeter fencing of 2.8 km, Achievement: 2.8 Progress/Status: Gelephu Airport: All works completed in April 2015: installation of perimeter security fence, runway drainage and flood protection work, and a terminal building with basic passenger facilities; aviation security staff quarters operational; site development works completed using RGOB funds Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: provide asphalt on runway, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: drainage system comprising 198,000 m2 of graded area, Achievement: 198000 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: car park area of 3,077 m2, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: 1c. Paro airport: parking management system Achievement: Y Progress/Status: Original scope of four parking management systems completed in 10 Oct 2021; additional two systems completed on 10 Dec 2021 Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2019 Baseline value: N Baseline year: 2019 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: flood protection system comprising 911 meters of wall, Achievement: 911 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: provide access road of 150 meters, Achievement: 150 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: new terminal building Achievement: N Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: NOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: 1d. Yonphula airport: Remove three hills beside runway, Progress/Status: Yonphula Airport: All works completed by Feb 2021; removal of hills, vehicle procured, and new runway constructed; lake dredging works (desilting) completed with RGOB funds in May 2020 Data Source: Annual audit and inspection report of the Department of Air Transport Actual value: Output: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: provide new car park, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: and river dredging a volume of 20,385 m3 from the stream on the western side of the airport, Achievement: 20385 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: apron access, Achievement: N Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2019 Baseline value: N Baseline year: 2019 Baseline value: N Target year: 2020 Target value: Y Actual value: NOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: extend apron, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: new terminal with total floor area of 357 m2, Achievement: 357 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: aviation security staff quarters Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: airside fencing Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2019 Baseline value: N Baseline year: 2019 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: remove and reconstruct perimeter fence of 2.4 km, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: relocate one stupa, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: install low safety barrier around perimeter of apron, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: N Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: additional safeguards measures Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2019 Baseline value: N Baseline year: 2019 Baseline value: N Target year: 2020 Target value: Y Actual value: YSafety, security, and capacity at four domestic airports in Bumthang, Gelephu, Paro, and Yonphula improvedSafety standards improved to meet ICAO requirements for aircraft parking, aeronautical communication, and air rescue and fire fighting service support facilities Progress/Status: Achieved Data Source: Annual audit and inspection report of the Department of Civil Aviation Base year: 2010 Baseline value: NSecurity standards improved to meet ICAO requirements for security cordon around perimeter Progress/Status: Achieved Data Source: Annual audit and inspection report of the Department of Civil Aviation Base year: 2010 Baseline value: NCapacity for level of service in terminal areas improved from IATA standard grade E to B Progress/Status: Not yet due Data Source: Annual audit and inspection report of the Department of Civil Aviation Base year: 2010 Baseline value: N XM-DAC-46004-45260-001-GRNT0321Asian Development BankThe South Asian Sub-regional Economic Cooperation (SASEC) Sub-Regional Trade Facilitation Program supports ADB's regional cooperation strategy for South Asia (2011-2015) and builds on the commitments expressed by the SASEC Trade and Transport Working Group. Its intended impact is to increase intra-regional trade among the SASEC member countries of Bangladesh, Bhutan, and Nepal. India is not included in the program because it is self-financing its trade facilitation reforms and has already taken significant strides ahead of the other countries. It is, notably, the only SASEC member country that has acceded to the Revised Kyoto Convention for the Simplification and Harmonization of Customs Procedures (RKC). This program's expected outcome is efficient, effective, transparent, secure and service-oriented processing of cross-border trade in the sub-region. To achieve this outcome, the Program and its associated TA will support activities under three thematic areas: (i) modern and effective customs administration, (ii) streamlined and transparent regulations and procedures, and (iii) improved information and responsiveness to the private sector. The importance of this program is underscored by the realities in South Asia as described below.Asian Development BankNational Board of RevenueAsian Development BankAsian Development BankRonald Antonio Butionghttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=45260-001 (Closed)&officer= RQBUTIONG@GMAIL.COM&division= Regional Cooperation and Operations Coordination Div, SARD&projectcountry= RegionalBhutan27.5 90.5Bangladesh24 90Nepal28 84Inclusive economic growthRegional integrationPrivate sector development3330000Asian Development BankNational Board of Revenue3330000.00Asian Development BankNational Board of RevenuePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Improved information and responsiveness to the private sector Indicator: Establishment of multi-sectoral transport and trade facilitation committees (baseline: none)Output: Improved information and responsiveness to the private sector Indicator: Establishment of market access information portals (baseline: none)Output: Modernized and more effective customs administration Indicator: ASYCUDA World or ASYCUDA-compatible Customs systems implemented by end 2015 (baseline: none)Output: Modernized and more effective customs administration Indicator: Risk management system established (baseline: None)Output: Modernized and more effective customs administration Indicator: Reduction in bilateral and 3rd country clearance documentation requirements by 25% (baseline TBD)Output: Streamlined and transparent regulations and procedures Indicator: Reduction in number of forms and copies required for average clearance (baseline: TBD)Output: Streamlined and transparent regulations and procedures Indicator: Lower inspection and examination levels (baseline: TBD)Output: Streamlined and transparent regulations and procedures Indicator: National single window piloted by end 2015 (baseline: None)Faster and cheaper processing of cross-border trade in the SASEC region.Customs revenues increase by at least 15% (baseline: TBD)Expedited border transits for freight traffic (baseline: TBD)Reduction in total number of border procedures by 25% by 2015 (baseline: TBD) XM-DAC-46004-46371-001-GRNT0338Asian Development BankThe proposed program involves a budget support for the Government of Bhutan which is currently facing weakening growth prospects as well as challenges in macroeconomic management. The objective of the program is, therefore, to strengthen macrofinancial management in the country to ensure adequate and sound development financing in a balanced and non-distortionary manner. The expected impact of the proposed program is strengthened macrofinancial management of the government in a sustainable manner. The outcome will be increased predictability in funds-flow and creation of greater fiscal space in the government budget. A preliminary agreement between ADB and the Government of Bhutan was reached on the reform measures and policy actions required for ADB's support under the Bhutan Strengthening Economic Management Program (BSEMP), and the areas covered under policy reform program will include: (i) Output 1: Improved budget and debt management systems. Whereby expenditure efficiency measures will be rolled out for the major spending departments, leading to better allocative efficiency of scarce public resources. (ii) Output 2: Improved revenue management system. Revenue efforts will be strengthened by introducing a Revenue Administration Management System and introduction of property taxation based on property valuation. (iii) Output 3: Improved macroprudential management framework. Policy actions will be initiated. (iv) Output 4: Improved external and internal audit operations. Whereby the Royal Audit Authority (RAA) will roll out an Audit Information Management System in a phased manner over the program period. Similarly, staff of all the major departments will be trained to carry out internal audit.Asian Development BankDepartment of Public AccountsAsian Development BankAsian Development BankCigdem Akinhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=46371-001 (Closed)&officer= cakin@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.5 90.5Inclusive economic growthGovernance and capacity developmentPrivate sector development20810000Asian Development BankDepartment of Public Accounts20810000.00Asian Development BankDepartment of Public AccountsPolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Improved budget and debt management systems implemented Indicator: A debt management strategy is in place by 2013 (baseline: no such strategy yet developed) Progress/Status: Achieved. MOF's Office Order No. MoF/PPD/ PPC/25/2776 dated 19 February 2013, on the approval of the MTDS Data Source: MOF certification on the approval of the debt management strategy MOF report on the implementation of the debt management strategy National budget, MOF Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2013 Target value: YOutput: 1. Improved budget and debt management systems implemented Indicator: Strengthening of debt management office in MOF by third quarter of 2014 (baseline: debt management office understaffed) Progress/Status: Achieved. Department of Public Accounts' Internal Memo No. DPA/ADM/2012-13/1667, dated 18 February 2013, on the appointment of staff to the DMD, and on the DMD organizational chart. Data Source: Debt sustainability analysis report of MOF National budget, MOF Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 1. Improved budget and debt management systems implemented Indicator: Medium-term expenditure allocations developed in major municipalities by 2014 (baseline: medium-term expenditure framework not yet developed) Progress/Status: Achieved: Thimphu, Phuentsholing, Samdrup Jongkhar, and Gelephu prepared their budgets based on the MTEF and submitted them on 4 June 2014 with Office Order No. DPA/ADB/SEMP/2014/2645. Data Source: Medium-term expenditure framework, MOF National budget, MOF Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 1. Improved budget and debt management systems implemented Indicator: A plan to fully integrate the Treasury Management Division and Debt Management Division prepared by 2014 (baseline: not integrated at present) Progress/Status: Achieved: Since TMD and DMD are under the same department, close working relationship and information sharing have been established. Data Source: Strategy paper approved by the macroeconomic framework coordination committee National budget, MOF Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 2. Improved revenue effort and revenue management system implemented Indicator: Introduction of property valuation methodology by 2014 (baseline: not in place) Progress/Status: Achieved: The new rules and regulations for the PVM, as prepared by the PAVA task force, were approved by MOF and came into effect on 21 March 2014 with Notification No. FM/DNP/PA-08/2014/5784 Data Source: Status report on implementation of new methodology by MOWHS National budget, MOF (annual) Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 2. Improved revenue effort and revenue management system implemented Indicator: Completed installation of the revenue administration management information system for the Department of Revenue and Customs by 2014 (baseline: the system currently not in place) Progress/Status: Achieved: RAMIS hardware setup and software installation was successfully completed, and training was provided to DRC IT officials on the architectural design of the system on 27 March 2014. RAMIS Phase I (including income tax, sales tax at point of sale, and revenue accounting modules) was piloted on 25 April 2014 in the head office and two regional offices in Thimphu and Phuentsholing, and a pilot report was submitted with Office Order No. DRC/PM-RAMIS (ADB)-3281. Data Source: MOF certification and approved notification on the new revenue chart of account National budget, MOF (annual) Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 3. Improved macroprudential management framework implemented Indicator: A financial policy committee in place by February 2013 (baseline: none at present) Progress/Status: Achieved: The RMA set up the financial policy committee on 7 February 2013 with Order No. RMA: MS/BOD-POLICY/2012-2013/2851. Data Source: RMA circular and/or order on the establishment of financial policy committee Annual report of the RMA Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2013 Target value: YOutput: 3. Improved macroprudential management framework implemented Indicator: Macro-prudential management framework in place in the RMA by 2014 (baseline: the current macro-prudential system quite weak) Progress/Status: Achieved: The RMA approved the macroprudential policy paper and the corresponding rules and regulations during the 96th RMA Board Meeting on 7 May 2014, and the regulations became effective on 7 May 2014 with Notification No. RMA/FRSD/34/2012-2013/4492. The policy paper and the corresponding rules and regulations were submitted with letter No. RMA/FRSD/32.2013-2014/4523 on 5 June 2014. The draft regulations on bank disclosure requirement were posted on RMA website on 24 June 2014 with RMA Notification No. RMA/FRSD/35/2013-2014/4739 to receive public comments for one month before it is considered for RMA Board approval. Data Source: RMA approved policy paper and corresponding rules on macro-prudential norms Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 3. Improved macroprudential management framework implemented Indicator: A capital markets master plan in place by 2014 (baseline: capital market master plan nonexistent) Progress/Status: Achieved: MOF and RMA approved the capital market master plan for 2014-2024 on 30 May 2014 during the 97th RMA Board Meeting and submitted it with letter No. RMA/FRSD/32/2013-14/4597 on 12 June 2014. Data Source: Capital markets master plan approved by MOF and RMA Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 3. Improved macroprudential management framework implemented Indicator: Regulatory and supervisory framework for a credit rating agency in place by 2014 (baseline: none at present) Progress/Status: Achieved: The RMA approved the regulatory and supervisory framework for a credit rating agency on 30 May 2014 during the 97th RMA Board Meeting and the regulations became effective on 12 June 2014 with Notification No. RMA/FRSD-SU/86/2013-2014/4596. RMA submitted Regulation on Credit Rating Agencies with letter No. RMA/FRSD/32/2013-2014/4598 on 12 June 2014. Data Source: Notification issued by RMA on the establishment of the regulatory and supervisory framework for credit rating agencies Annual report of the RMA Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 4. Improved external and internal audit operations implemented Indicator: Put in place an audit resource management system (ARMS) in the head office of the RAA by 2014 (baseline: no system in place) Progress/Status: Achieved: RAA submitted the report on the completion of the pilot implementation of ARMS on 9 April 2014 with Office Order No. RAA (DAG-SP) ARMS/2014/969. Data Source: A report on the completion of first stage pilot ARMS Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 4. Improved external and internal audit operations implemented Indicator: Adoption of internal audit manuals in major spending departments by 2014 (baseline: audit manuals not available) Progress/Status: Achieved: MOF submitted the approved internal audit manual and the report on training of internal auditors on 18 April 2014 with Office Order No. MoF/CCA-Gen/2013-14/114. Data Source: Approved internal audit manual and a comprehensive report on training of the internal audit staff Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YMore effective use of Bhutan's own financial resources in a predictable mannerDebt-to-GDP ratio is no higher than 35% by FY2015 (baseline: 45% in FY2012, net of hydropower loans) Progress/Status: Achieved: The ratio of non-hydropower debt to GDP will be at 31.6% in FY2014. Source: National Budget 2013/14, MOF, September 2013, p. 58. Data Source: Annual financial statement, MOF Actual value: Fiscal deficit is within the prescribed level of 3% each fiscal year during the Eleventh Five Year Plan by FY2015 (baseline: 4.70% in FY2012) Progress/Status: Achieved: Fiscal deficit for FY2013 is 0.9%, and for FY2014 it is estimated at 3.7% of GDP and will decline to 3.1% in FY2015 and remain within the target of 3% from FY2016 onward. Source: National Budget 2013/14, MOF, September 2013, p. 58. Data Source: Annual financial statement, MOF Actual value: Private savings-to-GDP ratio increased by 2 percentage points by FY2015 (baseline: 32% in FY2012) Progress/Status: Achieved: Gross domestic savings rate increased by 2.71 percentage points between FY2011 and FY2012 (Appendix 4). Data Source: Annual financial statement, MOF Actual value: XM-DAC-46004-39225-034-GRNT0400Asian Development BankADB and the Government of Bhutan are working together to bring safer roads and more opportunities to the southern part of the country. The South Asia Subregional Economic Cooperation Road Connectivity Project will build 68.3 km of the vital Southern East West Highway between the towns of Dewathang and Nganglam, which is one of the main crossing points between Bhutan and India. The new stretch of road will improve the connection between Bhutan's main north-south highways and India's national highway network. As a result, travel time between Nganglam and Dewathang is being reduced by 80% from 12 hours to just a few hours. The project is also building a 1.2 km access road between Bhutan's border with India and the Pasakha industrial estate, reducing travel time by 90 percent from nearly two hours to about 10 minutes. Border crossing stations in Phuentsholing City the town of Alay will also be improved, and a 2.7 km access road to the national highway will be built. The new roads and facilities will help develop the capacity of the country's engineers and government officials to build modern transport infrastructure. The project is designed to make Bhutan more competitive in terms of international trade and spread the benefits of cross-border commerce with its regional neighbors to people across the country, including the poorest and most disadvantaged.Asian Development BankDepartment of RoadsPhuentsholing ThromdeAsian Development BankAsian Development BankSin Wai Chonghttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=39225-034 (Closed)&officer= tnorbu@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanBhutan27.5 90.5Regional integrationGovernance and capacity developmentEnvironmentally sustainable growthInclusive economic growthSome gender elements (SGE)18960000Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads952000.00Asian Development BankDepartment of Roads126814.40Asian Development BankDepartment of Roads152659.06Asian Development BankDepartment of Roads779041.21Asian Development BankDepartment of Roads263110.98Asian Development BankDepartment of Roads91859.20Asian Development BankDepartment of Roads64565.72Asian Development BankDepartment of Roads14680.00Asian Development BankDepartment of Roads19527.43Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads82463.74Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads164862.31Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads274734.18Asian Development BankDepartment of Roads417773.31Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads599348.93Asian Development BankDepartment of Roads965865.51Asian Development BankDepartment of Roads470852.38Asian Development BankDepartment of Roads726157.48Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads64888.00Asian Development BankDepartment of Roads415364.86Asian Development BankDepartment of Roads260055.60Asian Development BankDepartment of Roads949479.51Asian Development BankDepartment of Roads1110268.12Asian Development BankDepartment of Roads795308.87Asian Development BankDepartment of Roads101217.24Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads503314.96Asian Development BankDepartment of Roads1940.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads39921.97Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads114775.21Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads32291.82Asian Development BankDepartment of Roads6406.00Asian Development BankDepartment of Roads760961.36Asian Development BankDepartment of Roads428623.20Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads34906.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads34906.00Asian Development BankDepartment of Roads17453.00Asian Development BankDepartment of Roads17453.00Asian Development BankDepartment of Roads234458.69Asian Development BankDepartment of Roads-199552.69Asian Development BankDepartment of Roads1923239.48Asian Development BankDepartment of Roads-1333000.38Asian Development BankDepartment of Roads60865.11Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads56666.75Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads50647.45Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads-186452.32Asian Development BankDepartment of Roads16632.99Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads-352797.25Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of RoadsPerformanceFiduciaryOutput/s as listed by the project staff.Output: Eco-friendly transport promoted. Indicator: Pilot scheme for promotion of clean-energy vehicles completed Progress/Status: Purchased two battery driven-electric vehicle (BEV) and one hybrid electric vehicle (HEV) to promote eco-friendly transport in the country. Data Source: Monitoring reports and PCR by DOR Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2021 Target value: YOutput: Road construction and maintenance capacity improved. Indicator: Manuals and tool kits for road safety, road asset management, and climate-resilient design and maintenance of roads developed and adopted Achievement: Y Progress/Status: The following manuals were prepared for future use by the engineers of DOR: (i) Road Safety Audit Manual, and (ii) Climate Change Resilient Road Design Report. Data Source: Monitoring reports and PCR by DOR. Pre- and post-evaluation of training participants by DOR. Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2021 Target value: Y Actual value: YOutput: Road construction and maintenance capacity improved. Indicator: Road maintenance plans and budgets prepared using the road asset management system Progress/Status: Road maintenance plans and budgets are to be prepared using the road asset management system. Data Source: Monitoring reports and PCR by DOR. Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2021 Target value: YOutput: Road construction and maintenance capacity improved. Indicator: Number of DOR staff with certified skills in road safety, road asset management, and climate-resilient design and maintenance of roads reaches 30 Achievement: 49 Progress/Status: 34 officials from DOR and MOWHS were sent abroad to receive various training. A total of 49 engineers from various regional offices of DOR were trained in-country on various programs. Data Source: Monitoring reports and PCR by DOR. Pre- and post- evaluation of training participants by DOROutput: Roads built and trade infrastructure established. Indicator: Land custom station at Alay established in Phuentsholing Data Source: Monitoring reports and PCR by DOR and Phuentsholing Thromde Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2021 Target value: YOutput: Roads built and trade infrastructure established. Indicator: About 1.2 km of access road between Pasakha industrial estate and India constructed Achievement: 1.2 Progress/Status: 1.2 km of access road between Pasakha industrial estate and India was completed by June 2019 under following three packages: Package 1: Construction of Bhalujhora Bridge on June 2019 Package 2: Construction of multi-cellular box culvert, land custom station and roadworks on May 2019 Package 3: Construction of Gabion structure on March 2019 Procurement of additional equipment and vehicles: (i) Snow clearing machine - 3 nos., (ii) Handheld roller machine - 6 nos., (iii) pick-up truck - 1 no., and (iv) customized vehicle for Road Asset Management - 1 no. was completed in Dec 2022 Data Source: Monitoring reports and PCR by DOR and Phuentsholing Thromde Pre- and post- evaluation o training participants by DOROutput: Roads built and trade infrastructure established. Indicator: A mini dry port constructed in Phuentsholing Achievement: Y Progress/Status: The construction Mini Dry Port (MDP) was completed in February 2019 is under operation from November 2019 till date. The Alay Land Custom Station (ALCS) was developed on 10 March 2022 and is under operation. Data Source: Monitoring reports and PCR by DOR and Phuentsholing Thromde Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2022 Target value: Y Actual value: YOutput: Roads built and trade infrastructure established. Indicator: About 2.7 km of bypass road constructed in Phuentsholing city. Achievement: 2.7 Progress/Status: The construction of 2.7 km northern bypass road in Phuentsholing city was completed by March 2021 under following two package: Package 1−chainage 0+000 to 1+510km was completed on 25 January 2020. Package 2−chaiage 2+000 to 2+660km was completed on 12 March 2021. Data Source: Monitoring reports and PCR by Phuentsholing Thromde.Road connectivity and transport efficiency in the project areas in Bhutan improved.Average travel time to Pasakha industrial area from Jaigaon junction reduced by 90% from 100 minutes in 2013. Progress/Status: Will be assessed during preparation of project completion report Data Source: Post-implementation measurement by DOR and Phuentsholing Thromde Actual value: Average daily vehicle-kilometers in the first full year of operation reaches 380 for new Pasakha access road. Progress/Status: Will be assessed during preparation of project completion report Data Source: Post-implementation measurement by DOR and Phuentsholing Thromde Actual value: Average daily vehicle-kilometers in the first full year of operation reaches 3,000 for new Phuentsholing bypass road. Progress/Status: Will be assessed during preparation of project completion report Data Source: Post-implementation measurement by DOR and Phuentsholing Thromde Actual value: Annual fatality rate along the project road is less than 5 per 10,000 vehicles. Progress/Status: Will be assessed during preparation of project completion report Data Source: Post-implementation measurement by DOR and Phuentsholing Thromde Actual value: XM-DAC-46004-44444-013-GRNT0421Asian Development BankADB and the Government of Bhutan are working together to export clean energy while supporting social services and providing electricity to the poor. The Second Green Power Development Project is building a run-of-the-river hydropower plant in central Bhutan through a partnership with several private companies. Clean power generated by the plant will be sold to India and will help reduce carbon emissions. The clean energy from Bhutan will allow India to eliminate around 460,000 tons of carbon dioxide emissions every year that it would otherwise have generated through fossil fuels. The revenue generated from exporting power to India will be used to finance social services in Bhutan such as health, education and rural development. The planned 118-megawatt plant will be located on the Nikachhu River in a narrow valley in the central Trongsa District. As a run-of-the-river plant, it does not need a large reservoir for water storage, but comprehensive safeguard management plans are provisioned for the project implementation. Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic AffairsDruk Green Power Corporation LimitedTangsibji Hydro Energy LimitedAsian Development BankAsian Development BankTakayuki Sugimotohttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=44444-013 (Active)&officer= khoriguchi@adb.org&division= Energy Sector Office (SG-ENE)&projectcountry= BhutanBhutan27.5 90.5PartnershipsKnowledge solutionsInclusive economic growthRegional integrationEnvironmentally sustainable growthPrivate sector developmentGovernance and capacity developmentSome gender elements (SGE)25250000Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs402993.31Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs1331698.36Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs1482139.53Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs466734.05Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs441968.03Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs578999.17Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs1792064.63Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs248906.15Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs1312382.36Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs247595.68Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs478428.36Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs925082.68Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs738030.09Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs291708.30Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs176141.30Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs160133.24Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs348857.18Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs182218.41Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs241670.61Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs344911.79Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs208861.71Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs495896.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs291152.94Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs277690.89Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs361572.33Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs349356.42Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs567514.17Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs243951.20Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs378846.78Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs3824209.72Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs-3275451.22Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs3723600.94Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs-3093135.42Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs369274.98Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs-999740.50Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs89543.17Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs306352.98Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs144404.11Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs392344.43Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs294142.51Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs294970.40Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs27030.85Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs80741.52Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs201859.17Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic AffairsPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Hydropower plant constructed Indicator: 118 MW run-of-river Nikachhu hydropower plant constructed through PPP by 2021 Achievement: N Progress/Status: On 13 April 2022, the loan/grant closing date has been extended until 30 June 2024 to enable completion of the remaining project activities and fully utilize the loan/grant amount. completed in Feb 2024. Data Source: DGPC quarterly project progress reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2023 Target value: Y Actual value: NOutput: 1. Hydropower plant constructed Indicator: 18.6 km of 132 kV transmission line to evacuate to the grid system constructed by 2021 Achievement: Y Progress/Status: completed Data Source: DGPC quarterly project progress reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2023 Target value: Y Actual value: YOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: DGPC's equity financing requirement raised through PPP by 2015 Achievement: N Progress/Status: Equity of THyE has been fully covered by DGPC without PPP. Data Source: TA final report Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2015 Target value: Y Actual value: NOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: THyE's and DGPC safeguard implementation and monitoring system in place by 2015 Achievement: Y Progress/Status: Completed. Data Source: Safeguard monitoring reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2015 Target value: Y Actual value: YOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: Commercial weaving training provided to at least for 25 women under community development programs by 2019 Achievement: 0 Progress/Status: Weaving training was conducted successfully. The number of participants was 18, which is 72% of the target. Data Source: Safeguard monitoring reportsOutput: 3. Hydropower development and trading framework improved Indicator: Study of functional segregation of transmission and distribution, system operation, and power trading of power entities submitted to the government Achievement: Y Progress/Status: Study completed. Data Source: Assessment of unbundling of BPC distribution, transmission, and system operations Baseline year: 2015 Baseline value: N Baseline year: 2015 Baseline value: N Target year: 2017 Target value: Y Actual value: YOutput: 3. Hydropower development and trading framework improved Indicator: Existing hydropower policy improvement and draft tariff policy finalized by the government by 2017. Achievement: Y Progress/Status: Review of Electricity Act conducted in line with the request from the Government, and a comprehensive report prepared. Data Source: Final documents of revised Sustainable Hydropower Development Policy, 2008 and Tariff Policy Baseline year: 2015 Baseline value: N Baseline year: 2015 Baseline value: N Target year: 2017 Target value: Y Actual value: YIncreased clean hydropower generation in BhutanClean power generated and supplied increased by 491.52 GWh by 2022 (baseline 2013: 7,530 GWh). Achievement: 0 Progress/Status: --Ongoing Data Source: DGPC audited financial accounts and annual reports459,734 tons CO2 equivalent per annum of emission avoided as certified on the crossborder CDM by 2022. Achievement: N Progress/Status: --Ongoing Data Source: CDM project design document and monitoring reports Base year: 2013 Baseline value: N XM-DAC-46004-46371-002-GRNT0431Asian Development BankIn order to maintain sustainable growth trajectory, Government of Bhutan's capacity needs to be strengthened in the area of macroeconomic management and financial sector development. For this purpose, in continuation of the earlier reforms initiated under the Strengthening Economic Management Program (SEMP), the proposed program targets strengthening of (i) revenue and macroprudential management and (ii) financial sector development. The proposed SEMP II and attached technical assistance will support the government in timely implementation of the chronologically-sequenced policy reforms.Asian Development BankDepartment of Public AccountsAsian Development BankAsian Development BankCigdem Akinhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=46371-002 (Closed)&officer= cakin@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.38626 90.42845Private sector developmentGovernance and capacity developmentInclusive economic growthSome gender elements (SGE)16100000Asian Development BankDepartment of Public Accounts16100000.00Asian Development BankDepartment of Public AccountsPolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Improved macroeconomic management Indicator: A calendar for issuance of government debt securities is published by MOF for FY2017 by the end of Q2 2016 (baseline: not available) Data Source: MOF national budget of government MOF annual financial statement of government RMA monthly statistical bulletins RMA selected economic indicators Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Improved macroeconomic management Indicator: Direct and sales tax modules of the RAMIS are launched and become fully operational by the end of Q3 2016 (baseline: not available) Data Source: MOF national budget of government MOF annual financial statement of government RMA monthly statistical bulletins RMA selected economic indicators Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Improved macroeconomic management Indicator: An effective liquidity management and stress testing framework for banking sector is developed and implemented by the end of Q3 2016 (baseline: liquidity management system is weak) Data Source: MOF national budget of government MOF annual financial statement of government RMA monthly statistical bulletins RMA selected economic indicators Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Strengthened financial sector development Indicator: Gender sensitivea financial literacy program is completed by the end of Q3 2016 (baseline: not available) Data Source: RMA reports Administrative, regulatory, and supervisory guidelines from MoEA, NPPF, RMA, and other relevant agencies Gender-disaggregated data obtained from CIB Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Strengthened financial sector development Indicator: Gewog banking services in non-urban areas, targeting the specific needs of low-income women, are implemented by the end of Q3 2016 (baseline: not available) Data Source: RMA reports Administrative, regulatory, and supervisory guidelines from MoEA, NPPF, RMA, and other relevant agencies Gender-disaggregated data obtained from CIB Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Strengthened financial sector development Indicator: Users of CIB services (disaggregated by gender) increase by 10% by the end of Q3 2016 (baseline: 33,185 men and 18,478 women obtained credit report from CIB in 2014) Data Source: RMA reports Administrative, regulatory, and supervisory guidelines from MoEA, NPPF, RMA, and other relevant agencies Gender-disaggregated data obtained from CIB Baseline value: N Baseline value: N Target year: 2016 Target value: YImproved macroeconomic stabilityGross official reserves in months of merchandise import coverage are sustained at not less than 13 months by the end of Q4 2016 (baseline: 13 months of import coverage in FY2014) Data Source: RMA statistical bulletin and other government statistics RMA annual report RMA monetary policy statement RMA Bhutanese financial sector performance review National accounts statistics Actual value: Fiscal deficit is within the prescribed level of 3% of GDP by the end of Q4 2016 (baseline: deficit of 4% in FY2014) Data Source: RMA statistical bulletin and other government statistics RMA annual report RMA monetary policy statement RMA Bhutanese financial sector performance review National accounts statistics Actual value: Non-performing loan ratio of banks reaches 10% or less by the end of Q4 2016 (baseline: 11.8% in September 2014) Data Source: RMA statistical bulletin and other government statistics RMA annual report RMA monetary policy statement RMA Bhutanese financial sector performance review National accounts statistics Actual value: XM-DAC-46004-47284-002-GRNT0492Asian Development BankThe project will promote regional connectivity in the Phuentsholing area with a direct road connection between Samtse and Chhukha districts. The new road section between Phuentsholing and Chamkuna will (i) complete the last missing 3.3-kilometer (km) link along the Phuentsholing-Samtse national highway, (ii) activate the full value of the entire 58 km Southern East-West Highway (SEWH) section for road users, and (iii) link Samtse district to the rest of the country. The trade facilitation and logistics component is aimed at improving the infrastructure and services at the border crossing points by adding additional equipment to facilitate cross-border traffic and transit of goods and services, trade, and commerce nationwide. These interventions are targeted at improving the working conditions and service delivery at the checkpoints so that goods and services can be exported and imported safely and efficiently.Asian Development BankDepartment of RoadsPhuentsholing ThromdeAsian Development BankAsian Development BankTshewang Norbuhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=47284-002 (Active)&officer= tnorbu@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanPhuentsholing26.91389 89.42317Inclusive economic growthRegional integrationGovernance and capacity developmentEnvironmentally sustainable growthSome gender elements (SGE)5000000Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads16200.00Asian Development BankDepartment of Roads27815.95Asian Development BankDepartment of Roads22945.51Asian Development BankDepartment of Roads22054.52Asian Development BankDepartment of Roads13050.97Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads107000.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads64640.70Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads382714.32Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads50456.22Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads376402.77Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads107832.97Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads68677.76Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads39642.04Asian Development BankDepartment of Roads301508.12Asian Development BankDepartment of Roads517660.89Asian Development BankDepartment of Roads-517660.89Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads132933.34Asian Development BankDepartment of Roads132933.34Asian Development BankDepartment of Roads401861.72Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads-534795.06Asian Development BankDepartment of Roads68454.39Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads185838.67Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads1665398.58Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads-104204.08Asian Development BankDepartment of RoadsPerformanceFiduciaryOutput/s as listed by the project staff.Output: Electronic customs management system (eCMS) developed. Indicator: Electronic customs management system developed and deployed (2016 baseline: NA) Achievement: Y Progress/Status: Completed - eCMS was developed and launched from 28 December 2023. Data Source: Post-implementation measurement by the DRC Baseline year: 2016 Baseline value: N Baseline year: 2016 Baseline value: N Target year: 2023 Target value: Y Actual value: YOutput: Equipment for trade facilitation and logistics at MDP in Phuentsholing and the LCS in Allay procured and installed. Indicator: Handheld scanners, container lifter, forklift trucks, and communication and safety equipment procured and installed (2016 baseline: NA) Achievement: Y Progress/Status: All envisaged equipment were procured and installed as of 31 December 2023. Data Source: Post-implementation measurement by the DRC Baseline year: 2016 Baseline value: N Baseline year: 2016 Baseline value: N Target year: 2023 Target value: Y Actual value: YOutput: Highway between Chamkuna and Amochu Bridge improved. Indicator: 3.8 km highway between Chamkuna and Amochu Bridge constructed (2020 baseline: 0). Achievement: 3.62 Progress/Status: 100% physical completed and opened for traffic use from January 2023. Data Source: Construction supervision consultant's reportOutput: Highway between Pasakha and Manitar constructed. Indicator: 31 Km of highway improved between Pasakha and Manitar (2021 baseline: 0 Km) Achievement: 29 Progress/Status: 100% physical progress and opened for traffic use from April 2024. Data Source: Report by DOSTOutput: National highway between Phuentsholing and Chamkuna constructed. Indicator: 3.3 km of national highway constructed between Phuentsholing and Chamkuna (2016 baseline: 0.0 km). Achievement: 3.3 Progress/Status: 100% completed as of June 2024. Data Source: Construction supervision consultant's reportOutput: Tunnel at Bhawanijhora river, as part of Pasakha Access road, constructed Indicator: 110m of tunnel at Bhawanijhora river constructed. (Baseline 2024: N) Progress/Status: The contractor was mobilized in September 2024, and the physical progress is 90% as of Q1 2025. Data Source: Progress Report by DOST Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2025 Target value: YRoad connectivity and service delivery at the border crossings in Samtse and Chhukha districts improved.Average travel distance between Phuentsholing and Samtse reduced to 58 km (2016 baseline: 78 km through India). Achievement: 58 Progress/Status: To be assessed during the PCR mission. Data Source: Post-implementation measurement by the DOSTThe Samtse-Phuentsholing national highway achieved 54,752 average daily vehicle-km (2016 baseline: 0 vehicle-km). Progress/Status: To be assessed during the PCR mission. Data Source: Post-implementation measurement by the DOST Actual value: The Chamkuna-Phuentsholing highway section achieved 9,405 average daily vehicle-km in the first full year of operation (2016 baseline: 0 vehicle-km). Progress/Status: To be assessed during the PCR mission. Data Source: Post-implementation measurement by the DOST Actual value: Custom processes improved/enhanced: (i) Systematic custom inspections performed to detect illegal items and prevent importation of duty-unpaid goods; (ii) time-saving, safe transshipment, and off-load procedures carried out; (iii) average physical truck inspection time reduced to less than 5 minutes; and (iv) container off-loading time reduced to 3 minutes (2016 baseline: Not applicable). Achievement: Y Progress/Status: Substantially achieved. The indicators (i), (ii), and (iv) are achieved; however, the indicator (iii) is partially achieved with an average time to physically inspect one truck is 30 minutes in actual. Data Source: Post-implementation measurement by the DOST Base year: 2016 Baseline value: N XM-DAC-46004-44240-014-GRNT0499Asian Development BankThe project will improve the mobility of residents in the country's capital, Thimphu, by undertaking essential road improvements of urban roads, and the construction of drainage and pedestrian infrastructure. The project will further support the capacity enhancement of Thimphu Thromde officers for undertaking crucial road asset management.Asian Development BankDepartment of Infrastructure DevelopmentAsian Development BankAsian Development BankSaswati Belliappahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=44240-014 (Closed)&officer= sbelliappa@adb.org&division= Urban Development and Water Division, SARD&projectcountry= BhutanThimphu27.46609 89.64191Governance and capacity developmentInclusive economic growthEnvironmentally sustainable growthSome gender elements (SGE)4260000Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development460285.74Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development326783.53Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development171132.57Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development297055.78Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development218455.05Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development47671.34Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development302525.98Asian Development BankDepartment of Infrastructure Development7775.26Asian Development BankDepartment of Infrastructure DevelopmentPerformanceFiduciaryOutput/s as listed by the project staff.Output: Municipality?'s capacity for asset management and O&M strengthened Indicator: at least 30% of the target staff trained are women Data Source: Quarterly Department of Engineering Services monitoring and progress reports Target year: 2019 Target value: 30Output: Municipality?'s capacity for asset management and O&M strengthened Indicator: 10-15 staff trained in project planning, design, construction, asset management, O&M, road safety, and traffic management Progress/Status: completed in 2018 Data Source: Quarterly Department of Engineering Services monitoring and progress reports Actual value: Output: Repair, resurfacing, and improvements of roads in Thimphu Thromde completed. Indicator: with 5.0 km of drainage constructed by 2020 Data Source: Annual municipal reports Baseline year: 2016 Baseline value: not available Baseline year: 2016 Baseline value: not available Target year: 2020 Target value: 5.0Output: Repair, resurfacing, and improvements of roads in Thimphu Thromde completed. Indicator: 3.54 km of urban roads widened Progress/Status: 4.38 km of urban roads widening completed. Data Source: Annual municipal reports Baseline year: 2016 Baseline value: N Baseline year: 2016 Baseline value: N Target year: 2019 Target value: 3.54Output: Repair, resurfacing, and improvements of roads in Thimphu Thromde completed. Indicator: 24 km of urban roads improved by 2018 Progress/Status: 25 kms of road improvement works finished (including 5.4 km of drains and 6.6 km of footpaths) Data Source: Annual municipal reports Baseline year: 2016 Baseline value: N Baseline year: 2016 Baseline value: N Target year: 2020 Target value: 24Output: Repair, resurfacing, and improvements of roads in Thimphu Thromde completed. Indicator: with 4.83 km of footpaths constructed by 2020 Data Source: Annual municipal reports Baseline year: 2016 Baseline value: not available Baseline year: 2016 Baseline value: not available Target year: 2020 Target value: 4.83Output: Repair, resurfacing, and improvements of roads in Thimphu Thromde completed. Indicator: 4,000 square meters of parking space improved Progress/Status: 4,927.35 sq.m of parking space improved Data Source: Annual municipal reports Baseline year: 2016 Baseline value: N Baseline year: 2016 Baseline value: N Target year: 2019 Target value: 4000Safety and efficiency of the road network in Thimphu Thromde improvedOf the total length of urban roads in Thimphu Thromde (243.00 km), the length of unsafe segments decreased by 36.53 km. Progress/Status: 29.55 km of roads improved/unsafe segments reduced by 29.55 km Data Source: Annual government statistics, including data from the Living Standards Measurement Survey and Millennium Development Goals and Sustainable Development Goals statistics b. Annual municipality urban services statistics c. Baseline and post-project data, including service delivery and quality d. Annual periodic socioeconomic and perception survey Base year: 2016 Baseline value: N XM-DAC-46004-38049-013-LN2258Asian Development BankThe objective of the project is to improve urban infrastructure and urban services management in the two cities Thimphu and Phuentsholing and Dagana Town, which will contribute to increasing the growth potential in these areas. The objective will be achieved by (i) improving urban infrastructure planning; (ii) constructing urban roads, drainage and other public infrastructure; (iii) increasing water treatment, supply, and sanitation coverage; (iv) enhancing community awareness on proper hygiene; and (v) providing capacity building trainings in urban facility management to staff of project cities and towns, and the Executing Agency (EA), Department of Urban Development and Engineering Services (DUDES) at Ministry of Works and Human Settlement (MoWHS)Asian Development BankMinistry of Infrastructure and TransportAsian Development BankAsian Development BankRicardo Carlos Barbahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=38049-013 (Closed)&officer= rbarba@adb.org&division= Urban Development and Water Division, SARD&projectcountry= BhutanDaga27.07529 89.87688Thimphu27.46609 89.64191Phuentsholing26.85892 89.39048Knowledge solutionsGovernance and capacity 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Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport83538.59Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport81198.30Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport91183.15Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport94702.32Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport93205.01Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and Transport0.00Asian Development BankMinistry of Infrastructure and TransportPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1a. Water supply, sanitation, and solid waste management infrastructure is improved in Thimphu. Indicator: 6,000 m3/day of treated water capacity by 2012 Progress/Status: ongoing. Data Source: Annual municipal reports (including reports submitted to the Ministry of Health) Actual value: Output: 1a. Water supply, sanitation, and solid waste management infrastructure is improved in Thimphu. Indicator: 30 km of water supply pipes and associated infrastructure constructed in South Thimphu by 2012 Progress/Status: 17.3 km of water supply pipes installed. 166 water/sewer connection inspection chambers constructed and installed in Lungtenphu & Simtokha LAPs. Actual value: Output: 1a. Water supply, sanitation, and solid waste management infrastructure is improved in Thimphu. Indicator: 16.5 km of sewerage network pipes and 300 manholes constructed in South Thimphu by 2012 Progress/Status: 17.3 km of sewerage network pipes and 389 manholes constructured in Lungtenphu & Simtokha LAPs. Actual value: Output: 1a. Water supply, sanitation, and solid waste management infrastructure is improved in Thimphu. Indicator: Landfill site and composting plant rehabilitated and associated equipment procured by 2012 Progress/Status: Capacity of landfill at Memilakha, Thimphu secured for the next 10 years. Procured SWM vehicles and associated equipment. Baseline year: 2006 Baseline value: N Baseline year: 2006 Baseline value: N Target year: 2012 Target value: YOutput: 1b. Urban road and associated urban infrastructure improved in Thimphu Municipality Indicator: 19.4 km of secondary and tertiary roads with drainage constructed in South Thimphu by 2012 Progress/Status: 14.2 km of road with drainage constructed in Lungtenphu and Simtokha LAPs. Data Source: Annual municipal reports Actual value: Output: 1b. Urban road and associated urban infrastructure improved in Thimphu Municipality Indicator: 14.6 km of ducting for power and telecommunications constructed by in South Thimphu 2012 Progress/Status: 16.5 km of ducting for power and telecommunications constructed in Lungtenphu & Simtokha LAPs. Actual value: Output: 1b. Urban road and associated urban infrastructure improved in Thimphu Municipality Indicator: 650 meters of service pits constructed in South Thimphu by 2012 Progress/Status: 207 access shafts constructed for power and telecommunications ducts in Lungtenphu & Simtokha LAPs. Actual value: Output: 2. Urban roads and social infrastructure improved Phuentsholing Municipality Indicator: 2.4 km of road and junctions developed by 2012 Progress/Status: Achieved sewerage collection network of approximately 16 km, including 421 manholes and 592 inspection chambers. Data Source: Annual municipal reports Actual value: Output: 2. Urban roads and social infrastructure improved Phuentsholing Municipality Indicator: Pedestrian bridge completed by 2012 Actual value: Output: 2. Urban roads and social infrastructure improved Phuentsholing Municipality Indicator: 4 parking lots developed by 2012 Progress/Status: 2 parking lots developed. Actual value: Output: 2. Urban roads and social infrastructure improved Phuentsholing Municipality Indicator: 1.2 km of footpaths developed by 2012 Progress/Status: 0.45 km of footpath developed Actual value: Output: 2. Urban roads and social infrastructure improved Phuentsholing Municipality Indicator: 100 streetlights installed by 2012 Progress/Status: 613 streetlights installed and operational. Actual value: Output: 2. Urban roads and social infrastructure improved Phuentsholing Municipality Indicator: 5 hydrants bought and installed by 2012 Progress/Status: 32 fire hydrants installed and operational. Actual value: Output: 2. Urban roads and social infrastructure improved Phuentsholing Municipality Indicator: archery ground and mini-stadium completed by 2012 Baseline year: 2006 Baseline value: N Baseline year: 2006 Baseline value: N Target year: 2012 Target value: YOutput: 3a. Water supply and sanitation infrastructure is improved in Dagana Town Indicator: 2.4 km of road network, and road junctions improved Progress/Status: Santiation, raods and drainage works packaged to be cancelled due to inability to acquire necessary land for a stabilization pond. Data Source: Annual municipal reports (including reports submitted to the Ministry of Health) Actual value: Output: 3a. Water supply and sanitation infrastructure is improved in Dagana Town Indicator: four parking lots developed Actual value: Output: 3a. Water supply and sanitation infrastructure is improved in Dagana Town Indicator: 1.2 km of footpaths developed Actual value: Output: 3a. Water supply and sanitation infrastructure is improved in Dagana Town Indicator: 8 km of water supply pipes and associated infrastructure constructed by 2012 Actual value: Output: 3a. Water supply and sanitation infrastructure is improved in Dagana Town Indicator: 300 m3/day of treated wastewater capacity by 2012 Actual value: Output: 3b. Urban road and drainage improved in Dagana Town Indicator: 1,1km of roads with drainage constructed in by 2012 Progress/Status: 613 streetlights constructed and operational; 23 fire hydrants to be installed; stadium completed. Data Source: Annual municipal reports Actual value: Output: 4. Capacity strengthened for awareness in public hygiene and sanitation; project management and implementation is strengthened Indicator: Public hygiene campaign and public hygiene workshop is undertaken by 2012. Progress/Status: Hygiene workshop for practitioners in Thimphu City undertaken. Data Source: DUDES monitoring/progress reports Baseline year: 2006 Baseline value: N Baseline year: 2006 Baseline value: N Target year: 2012 Target value: YOutput: 4. Capacity strengthened for awareness in public hygiene and sanitation; project management and implementation is strengthened Indicator: Achievement of yearly contract award and disbursement targets Baseline year: 2006 Baseline value: N Baseline year: 2006 Baseline value: N Target year: 2012 Target value: YOutput: 4. Capacity strengthened for awareness in public hygiene and sanitation; project management and implementation is strengthened Indicator: Staff trained on project planning, design, and implementation by 2012 Progress/Status: 4 participants completed training. Baseline year: 2006 Baseline value: N Baseline year: 2006 Baseline value: N Target year: 2012 Target value: YThimphu Municipality, Phuentsholing Municipality, and Dagana Town provide improved urban infrastructure and services to its residentsWater supply coverage increases to serve an additional 50,000 persons in Thimphu and Dagana by 2012 Progress/Status: Various water supply subprojects ongoing. Data Source: Municipality or town urban services statistics; baseline and post-project data including service delivery and service quality Actual value: Sewerage coverage increases to 50% in Dagana by 2012. Progress/Status: Various sewerage subprojects ongoing. Actual value: Solid waste management coverage expands for 10 years of waste generation Progress/Status: The capacity of landfill in Memilakaha, Thimphu secured for the next 10 years. Fencing of transfer station completed. Procured SWM vehicles. Base year: 2006 Baseline value: NUrban roads coverage and social infrastructure improves by 2012 Progress/Status: Ongoing. Base year: 2006 Baseline value: NHygiene and sanitation and project management improves by 2012 Base year: 2006 Baseline value: N XM-DAC-46004-37164-023-LN2279Asian Development BankThe FSDP aims to address the main constraints in the financial system that impede financial sector development and efficient financial intermediation. The main constraints include (i) a weak legal, regulatory, and supervisory regime; (ii) poor governance structures and inefficient operations of financial institutions; (iii) vulnerability to malpractice for lack of effective anti-money laundering (AML) and combating the financing of terrorism (CFT) regimes; (iv) the absence of national accounting and auditing standards; and (v) an inadequate system of financial information disclosure. Consequently, FSDP aims, through improved governance, specifically to enhance the investment environment, improve access to finance, and promote market-based incentives for providing diversified financial services aimed at encouraging private sector activity and promoting economic growth. The purpose of the project loan is to facilitate the implementation of the FSDP and ensure the smooth implementation and sustainability of its policy reforms. The project loan will provide (i) urgently needed training of the regulator and key institutions in the areas covered under the FSDP, (ii) the development of adequate AML/CFT regulation and infrastructure, (iii) improved accounting and auditing practices, (iv) technical support to create a CIB, and (v) improved securities information disclosure.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankAnqian Huanghttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=37164-023 (Closed)&officer= ahuang@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.5 90.5Private sector developmentInclusive economic growthGovernance and capacity development11000000Asian Development BankMinistry of Finance11451032.09Asian Development BankMinistry of Finance323689.20Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance327416.01Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance326617.28Asian Development BankMinistry of Finance326951.59Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance318935.48Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance329412.36Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance340905.28Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance327640.20Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance325235.19Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance318648.22Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance318888.44Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance328438.87Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance331593.24Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance330481.89Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance295811.89Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance313975.75Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance306174.50Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance309529.81Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance316068.03Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance309646.79Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance318865.36Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance317251.99Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance426488.17Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance58106.59Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance57615.88Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance55794.51Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance69146.17Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance69784.89Asian Development BankMinistry of Finance73337.89Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance67699.51Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance67357.80Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance66777.52Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance62633.80Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance59357.76Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance57107.39Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance52208.97Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance48809.43Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance55680.50Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance43429.42Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance45423.15Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25897.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance40722.64Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25093.22Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance22678.28Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance29705.91Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance30881.92Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance29806.78Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Improved regulation and supervision of the financial sector Indicator: Draft revised RMA Act and FSA finalized and submitted to the National Assembly for passage Progress/Status: RMA Act was enacted. The approval of FSA is expected during the summer parliamentary session in June 2011. Data Source: Official copies of laws, regulations, and codes National Assembly's official announcement of revised RMA Act and FSA adoptionOutput: 1. Improved regulation and supervision of the financial sector Indicator: Banking, insurance, and securities markets Data Source: RMA annual reports ADB review missionsOutput: 1. Improved regulation and supervision of the financial sector Indicator: Improved compliance and enforcement of financial sector supervision Data Source: RMA official announcement of new rules and regulations adopted Certificates of training completion and professional qualificationOutput: 2. Strengthened corporate governance structure and operations of financial institutions Indicator: Guidelines for corporate governance issued and enforced Data Source: RMA's official announcement of new rules and regulations adoptedOutput: 2. Strengthened corporate governance structure and operations of financial institutions Indicator: BOBL's corporate structure improved and business plan adopted Data Source: Financial institutions chartered annual accountsOutput: 2. Strengthened corporate governance structure and operations of financial institutions Indicator: BOBL's improved performance targets based on the business plan (e.g. reduced cost/income ratio from current 77.7% as of December 2005) Data Source: BOBL's board resolution to adopt a rolling business plan that will provide performance indicators of BOBL by way of signing a MOU with the GovernmentOutput: 2. Strengthened corporate governance structure and operations of financial institutions Indicator: RICBL's structure rationalized, insurance busineses segregated, and business plan approved by BOD Data Source: RICBL's board resolution to adopt the business plan and segregate insurance businessesOutput: 3. Effective AML/CFT regime established Indicator: AML provisions included in the FSA Data Source: Copies of FSA and AML/CFT regulationsOutput: 3. Effective AML/CFT regime established Indicator: AML and CFT regulations adopted Data Source: Copy of FIU's charterOutput: 3. Effective AML/CFT regime established Indicator: FIU established with adequate mandate and budget for qualified staff and information management information system Data Source: RMA's annual report and specific AML and CFT reportsOutput: 3. Effective AML/CFT regime established Indicator: Scope for money laundering through the financial sector reduced Data Source: Copies of AML and CFT procedure manuals in the financial institutions and evidence of know-your- ustomers reporting to RMAOutput: 4. Developed national accounting and auditing policies and standards Indicator: Accounting standards committee and subsequently Bhutanese AASB established Progress/Status: The Government approved the establishment of AASB in May 2010 Data Source: Plans to establish the Bhutanese AASB approvedOutput: 4. Developed national accounting and auditing policies and standards Indicator: Bhutanese GAAP and GAAS approved by AASB Progress/Status: The AASB will conduct final discussions in mid March 2011 with regard to adoption of phase I of the new Bhutanese national GAAP and GAAS. The implementation plan will then be finalized, and formally submitted by the AASB to the Government for endorsement by end of March or early April 2011. Data Source: Plans to develop the Bhutanese GAAP and GAASOutput: 4. Developed national accounting and auditing policies and standards Indicator: Bhutanese GAAP and GAAS implemented in financial institutions Data Source: GAAP and GAAS manuals and workshops provided by the AASBOutput: 5. Strengthened information sharing Indicator: CIB established and regularly updated Progress/Status: The CIB was inaugurated on 9 September 2009. An official ceremony was organized by RMA and graced by the Hon. Finance Minister, with participation from ADB mission. Data Source: Copy of CIB charter Copy of CIB rules and regulationsOutput: 5. Strengthened information sharing Indicator: Legal, regulatory, and institutional framework established Data Source: CIB reportsImproved governance of the whole financial sector and more efficient financial sector and more efficient financial intermediationImproved autonomy of RMA under revised RMA Act Progress/Status: The passage of the revised RMA Act (2010) addressed the issue of the RMA's autonomy and will allow it to function as an independent central bank with governance structure in line with international best practices. Data Source: RMA annual reportsStrengthened regulatory and supervisory framework under Financial Services Act (FSA) covering all subsectors Progress/Status: The passage of the FSA bill in June 2011 moved Bhutan closer to having a complete and coherent legal framework for the entire financial sector. Data Source: Financial institutions' chartered annual reportsIntroduction of private sector representatives to the boards of financial institutions Data Source: ADB review missionsAdoption and mainstreaming of anti-money laundering (AML)/combating the financing of terrorism (CFT) and best practices in financial services Progress/Status: The FSA bill incorporates an important legal framework for AML/CFT regulations, supervision, and inspection to improve the integrity, safety and stability of the financial system. The financial intelligence unit (FIU) commenced operations in April 2011 after finalization of the reporting formats and training of the reporting entities.Increased number of professionals in the financial sector (e.g., accountants, auditors, insurance underwriters, actuaries, etc.) to be benchmarked XM-DAC-46004-37164-023-LN2280Asian Development BankThe FSDP aims to address the main constraints in the financial system that impede financial sector development and efficient financial intermediation. The main constraints include (i) a weak legal, regulatory, and supervisory regime; (ii) poor governance structures and inefficient operations of financial institutions; (iii) vulnerability to malpractice for lack of effective anti-money laundering (AML) and combating the financing of terrorism (CFT) regimes; (iv) the absence of national accounting and auditing standards; and (v) an inadequate system of financial information disclosure. Consequently, FSDP aims, through improved governance, specifically to enhance the investment environment, improve access to finance, and promote market-based incentives for providing diversified financial services aimed at encouraging private sector activity and promoting economic growth. The purpose of the project loan is to facilitate the implementation of the FSDP and ensure the smooth implementation and sustainability of its policy reforms. The project loan will provide (i) urgently needed training of the regulator and key institutions in the areas covered under the FSDP, (ii) the development of adequate AML/CFT regulation and infrastructure, (iii) improved accounting and auditing practices, (iv) technical support to create a CIB, and (v) improved securities information disclosure.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankAnqian Huanghttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=37164-023 (Closed)&officer= ahuang@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.5 90.5Private sector developmentInclusive economic growthGovernance and capacity development2000000Asian Development BankMinistry of Finance1362029.90Asian Development BankMinistry of Finance25583.22Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25877.79Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25814.66Asian Development BankMinistry of Finance25841.08Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25207.51Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance26035.57Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance26943.92Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25895.51Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25705.42Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25184.81Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25203.79Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25958.63Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance26207.93Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance26120.10Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance23379.90Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance24815.52Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance24198.93Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance24464.12Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance24980.88Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance24473.37Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25201.97Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance25074.45Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance43612.47Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance6889.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance6830.79Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance6425.22Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance8530.26Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance8584.88Asian Development BankMinistry of Finance8914.64Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance8381.41Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance8453.29Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance8513.69Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance8067.62Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance7782.86Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance7553.35Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance7147.93Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance6949.22Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance7594.97Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance6537.04Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance6461.03Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance4925.91Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance6176.31Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance4856.09Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance4720.08Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance5300.45Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance5505.06Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance5417.98Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Improved regulation and supervision of the financial sector Indicator: Draft revised RMA Act and FSA finalized and submitted to the National Assembly for passage Progress/Status: RMA Act was enacted. The approval of FSA is expected during the summer parliamentary session in June 2011. Data Source: Official copies of laws, regulations, and codes National Assembly's official announcement of revised RMA Act and FSA adoptionOutput: 1. Improved regulation and supervision of the financial sector Indicator: Banking, insurance, and securities markets Data Source: RMA annual reports ADB review missionsOutput: 1. Improved regulation and supervision of the financial sector Indicator: Improved compliance and enforcement of financial sector supervision Data Source: RMA official announcement of new rules and regulations adopted Certificates of training completion and professional qualificationOutput: 2. Strengthened corporate governance structure and operations of financial institutions Indicator: Guidelines for corporate governance issued and enforced Data Source: RMA's official announcement of new rules and regulations adoptedOutput: 2. Strengthened corporate governance structure and operations of financial institutions Indicator: BOBL's corporate structure improved and business plan adopted Data Source: Financial institutions chartered annual accountsOutput: 2. Strengthened corporate governance structure and operations of financial institutions Indicator: BOBL's improved performance targets based on the business plan (e.g. reduced cost/income ratio from current 77.7% as of December 2005) Data Source: BOBL's board resolution to adopt a rolling business plan that will provide performance indicators of BOBL by way of signing a MOU with the GovernmentOutput: 2. Strengthened corporate governance structure and operations of financial institutions Indicator: RICBL's structure rationalized, insurance busineses segregated, and business plan approved by BOD Data Source: RICBL's board resolution to adopt the business plan and segregate insurance businessesOutput: 3. Effective AML/CFT regime established Indicator: AML provisions included in the FSA Data Source: Copies of FSA and AML/CFT regulationsOutput: 3. Effective AML/CFT regime established Indicator: AML and CFT regulations adopted Data Source: Copy of FIU's charterOutput: 3. Effective AML/CFT regime established Indicator: FIU established with adequate mandate and budget for qualified staff and information management information system Data Source: RMA's annual report and specific AML and CFT reportsOutput: 3. Effective AML/CFT regime established Indicator: Scope for money laundering through the financial sector reduced Data Source: Copies of AML and CFT procedure manuals in the financial institutions and evidence of know-your- ustomers reporting to RMAOutput: 4. Developed national accounting and auditing policies and standards Indicator: Accounting standards committee and subsequently Bhutanese AASB established Progress/Status: The Government approved the establishment of AASB in May 2010 Data Source: Plans to establish the Bhutanese AASB approvedOutput: 4. Developed national accounting and auditing policies and standards Indicator: Bhutanese GAAP and GAAS approved by AASB Progress/Status: The AASB will conduct final discussions in mid March 2011 with regard to adoption of phase I of the new Bhutanese national GAAP and GAAS. The implementation plan will then be finalized, and formally submitted by the AASB to the Government for endorsement by end of March or early April 2011. Data Source: Plans to develop the Bhutanese GAAP and GAASOutput: 4. Developed national accounting and auditing policies and standards Indicator: Bhutanese GAAP and GAAS implemented in financial institutions Data Source: GAAP and GAAS manuals and workshops provided by the AASBOutput: 5. Strengthened information sharing Indicator: CIB established and regularly updated Progress/Status: The CIB was inaugurated on 9 September 2009. An official ceremony was organized by RMA and graced by the Hon. Finance Minister, with participation from ADB mission. Data Source: Copy of CIB charter Copy of CIB rules and regulationsOutput: 5. Strengthened information sharing Indicator: Legal, regulatory, and institutional framework established Data Source: CIB reportsImproved governance of the whole financial sector and more efficient financial sector and more efficient financial intermediationImproved autonomy of RMA under revised RMA Act Progress/Status: The passage of the revised RMA Act (2010) addressed the issue of the RMA's autonomy and will allow it to function as an independent central bank with governance structure in line with international best practices. Data Source: RMA annual reportsStrengthened regulatory and supervisory framework under Financial Services Act (FSA) covering all subsectors Progress/Status: The passage of the FSA bill in June 2011 moved Bhutan closer to having a complete and coherent legal framework for the entire financial sector. Data Source: Financial institutions' chartered annual reportsIntroduction of private sector representatives to the boards of financial institutions Data Source: ADB review missionsAdoption and mainstreaming of anti-money laundering (AML)/combating the financing of terrorism (CFT) and best practices in financial services Progress/Status: The FSA bill incorporates an important legal framework for AML/CFT regulations, supervision, and inspection to improve the integrity, safety and stability of the financial system. The financial intelligence unit (FIU) commenced operations in April 2011 after finalization of the reporting formats and training of the reporting entities.Increased number of professionals in the financial sector (e.g., accountants, auditors, insurance underwriters, actuaries, etc.) to be benchmarked XM-DAC-46004-37399-013-LN2463Asian Development BankThe Green Power Development Project has two components: (i) regional clean power trade, and (ii) renewable energy access for the poor. Under the first component, the Dagachhu hydropower development (a 126-megawatt [MW] run-of-river type) aims to export power from Bhutan to India through the existing grid to India. The rural electrification component will provide access to electricity sourced from hydropower to 8,767 households and facilities with grid extensions, and electricity sourced from solar energy to 119 remote public facilities (e.g., schools, health clinics, and other community facilities) on an off grid basis. The Dagachhu hydropower development will be promoted by a joint venture company between Druk Green Power Corporation (DGPC) in Bhutan and Tata Power Company (TPC) in India through a public private partnership (PPP). The rural electrification component will be mainly served by Bhutan Power Corporation (BPC), a public utility service company. Asian Development BankDruk Green Power Corporation LimitedAsian Development BankAsian Development BankHazel Verianhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=37399-013 (Closed)&officer= &division= Energy Division, SARD&projectcountry= BhutanWangdue Phodrang Dzongkhag27.5 90.13333Tsirang Dzongkhag27.03333 90.16667Dagana Dzongkhag27.1 89.86667Environmentally sustainable growthPrivate sector developmentRegional integrationPartnershipsInclusive economic growth51000000Asian Development BankDruk Green Power Corporation Limited51000000.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited243613.73Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited255794.58Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited268584.35Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited282013.19Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited296114.12Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited310919.92Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited326465.80Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited342788.86Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited359928.41Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited377924.81Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited396821.30Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited416662.35Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited437495.33Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited459370.26Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited482338.62Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited506455.52Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited531778.02Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited558367.39Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited586285.29Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited615599.59Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited646379.61Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited678698.80Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited712633.71Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited748265.36Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited785678.45Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited893823.07Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited100165.36Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited91869.06Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited93691.23Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited114315.49Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited150973.86Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited245575.68Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited343496.08Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited377534.83Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited409238.79Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited643027.38Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited677153.84Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited670597.45Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited510248.07Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited332835.14Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited109670.01Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited98233.45Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited82952.80Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited407424.98Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited1042962.94Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited1249061.81Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited1274503.19Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited1269644.50Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited1055603.59Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited1028920.15Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited889472.41Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation LimitedPerformanceFiduciaryOutput/s as listed by the project staff.Output: Dagachhu Hydropower Development and Rural Electrification Indicator: Full operation of the Druk Green Power Corporation, through the corporate accounting policy (2009) and integrated management information system (2011) Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2011 Target value: YOutput: Indicator Indicator: Implementation of the Hydropower Development Policy, through two sample projects with public and/or private investments Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2013 Target value: YOutput: Indicator Indicator: Financial structuring proposals of Nikachhu (210 MW) and Khomachhu (326 MW) development before 2011 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2010 Target value: YOutput: Indicator Indicator: Construction of a 114 MW run-of-river Dagachhu hydropower plant by 2012 Progress/Status: Dagachhu Hydropower Development: The Dagachhu hydropower plant has been operated since March 2015. No houses and buildings were relocated for the plant construction, but 25 households were compensated for partial loss of land for the construction of access roads. There are no outstanding safeguard issues. Rural Electrification: BPC has achieved the target number of households electrified on a grid extension sourced from hydropower electricity. Where there are very remote and economically unviable places for on-grid extensions, the solar home systems were installed. Particularly, the off-grid electrification focused on schools, clinics, and public community facilities. Because of a series of support from ADB and other donors, Bhutan is almost achieving electrification to all the households (As of the end 2014, the national electrification ratio stood at 98%). Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Construction of a 19 km transmission line to evacuate to the grid system by 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Clean and renewable energy export of additional 250 GWh to India by 2012 and 500 GWh after 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Provision of reliable power supply and service to 8,767 rural households and 119 off-grid public institutions (schools, health clinics, and other community facilities) in seven subprojects by 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YExpanded coverage of clean power developmentIncrease in access to electricity by rural and urban households, achieving a cumulative national electrification ratio from 60% to 84% (2012) Progress/Status: Bhutan has almost achieved 100% electrification goal (95% coverage in HH, as of end Sep 2013). Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Increase in hydropower export revenue of the total national account from 40% to 45% (2013) Progress/Status: Ongoing. DHPC already completed 9.3 km tunnel excavation work (1.2 km) where the rock conditions are estimated to be relatively good. The North Head Race Tunnerl (HRT) has been broken through on 8 Oct 2013. Commercial operation of each unit is targeted by end Mar 2014. Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Increase in investment size from the public and private sectors to hydropower development projects with minimum additional 1,314 MW (2014) Progress/Status: Ongoing Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Annual reduction of emission gas equivalent CO2 by 250,000 tons by 2012 and by 500,000 tons in a cross-country basis after 2012 on onward Progress/Status: The Dagachhu hydropower was registered by UNFCC in Mar 2010 as the world first cross-border CDM Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Base year: 2009 Baseline value: NContinued overall power system loss below 10% and power sector's financial health including sufficient debt service coverage (minimum 1.2) and net profit generation Progress/Status: Ongoing Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Base year: 2009 Baseline value: N XM-DAC-46004-37399-013-LN2464Asian Development BankThe Green Power Development Project has two components: (i) regional clean power trade, and (ii) renewable energy access for the poor. Under the first component, the Dagachhu hydropower development (a 126-megawatt [MW] run-of-river type) aims to export power from Bhutan to India through the existing grid to India. The rural electrification component will provide access to electricity sourced from hydropower to 8,767 households and facilities with grid extensions, and electricity sourced from solar energy to 119 remote public facilities (e.g., schools, health clinics, and other community facilities) on an off grid basis. The Dagachhu hydropower development will be promoted by a joint venture company between Druk Green Power Corporation (DGPC) in Bhutan and Tata Power Company (TPC) in India through a public private partnership (PPP). The rural electrification component will be mainly served by Bhutan Power Corporation (BPC), a public utility service company. Asian Development BankDruk Green Power Corporation LimitedAsian Development BankAsian Development BankHazel Verianhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=37399-013 (Closed)&officer= &division= Energy Division, SARD&projectcountry= BhutanWangdue Phodrang Dzongkhag27.5 90.13333Tsirang Dzongkhag27.03333 90.16667Dagana Dzongkhag27.1 89.86667Environmentally sustainable growthPrivate sector developmentRegional integrationPartnershipsInclusive economic growth29000000Asian Development BankDruk Green Power Corporation Limited29409852.25Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited531803.17Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited554578.17Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited570302.85Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited546292.40Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited545052.29Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited536641.18Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited536432.80Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited554993.96Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited559278.86Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited553530.49Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited500577.98Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited528523.45Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited515870.59Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited520763.07Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited525086.39Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited525428.16Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited533694.18Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited537551.45Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited2690655.08Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited459956.24Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited457420.56Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited405481.45Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited403348.30Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited420349.27Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited416906.94Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited399951.64Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited406512.09Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited409450.15Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited389759.86Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited380659.83Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited369593.61Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited350627.30Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited353522.85Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited365552.25Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited334884.41Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited304103.43Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited264323.87Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited299674.95Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited264366.32Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited271744.20Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited245526.32Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited285015.58Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited256802.47Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation LimitedPerformanceFiduciaryOutput/s as listed by the project staff.Output: Dagachhu Hydropower Development and Rural Electrification Indicator: Full operation of the Druk Green Power Corporation, through the corporate accounting policy (2009) and integrated management information system (2011) Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2011 Target value: YOutput: Indicator Indicator: Implementation of the Hydropower Development Policy, through two sample projects with public and/or private investments Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2013 Target value: YOutput: Indicator Indicator: Financial structuring proposals of Nikachhu (210 MW) and Khomachhu (326 MW) development before 2011 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2010 Target value: YOutput: Indicator Indicator: Construction of a 114 MW run-of-river Dagachhu hydropower plant by 2012 Progress/Status: Dagachhu Hydropower Development: The Dagachhu hydropower plant has been operated since March 2015. No houses and buildings were relocated for the plant construction, but 25 households were compensated for partial loss of land for the construction of access roads. There are no outstanding safeguard issues. Rural Electrification: BPC has achieved the target number of households electrified on a grid extension sourced from hydropower electricity. Where there are very remote and economically unviable places for on-grid extensions, the solar home systems were installed. Particularly, the off-grid electrification focused on schools, clinics, and public community facilities. Because of a series of support from ADB and other donors, Bhutan is almost achieving electrification to all the households (As of the end 2014, the national electrification ratio stood at 98%). Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Construction of a 19 km transmission line to evacuate to the grid system by 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Clean and renewable energy export of additional 250 GWh to India by 2012 and 500 GWh after 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YOutput: Indicator Indicator: Provision of reliable power supply and service to 8,767 rural households and 119 off-grid public institutions (schools, health clinics, and other community facilities) in seven subprojects by 2012 Data Source: ADB review missions' aide memoires Quarterly project progress reports Project completion report Withdrawal applications, and disbursement and contract award records Audit of financial accounts and reports Government's fiscal statement CDM monitoring report Baseline year: 2008 Baseline value: N Baseline year: 2008 Baseline value: N Target year: 2012 Target value: YExpanded coverage of clean power developmentIncrease in access to electricity by rural and urban households, achieving a cumulative national electrification ratio from 60% to 84% (2012) Progress/Status: Bhutan has almost achieved 100% electrification goal (95% coverage in HH, as of end Sep 2013). Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Increase in hydropower export revenue of the total national account from 40% to 45% (2013) Progress/Status: Ongoing. DHPC already completed 9.3 km tunnel excavation work (1.2 km) where the rock conditions are estimated to be relatively good. The North Head Race Tunnerl (HRT) has been broken through on 8 Oct 2013. Commercial operation of each unit is targeted by end Mar 2014. Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Increase in investment size from the public and private sectors to hydropower development projects with minimum additional 1,314 MW (2014) Progress/Status: Ongoing Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Actual value: Annual reduction of emission gas equivalent CO2 by 250,000 tons by 2012 and by 500,000 tons in a cross-country basis after 2012 on onward Progress/Status: The Dagachhu hydropower was registered by UNFCC in Mar 2010 as the world first cross-border CDM Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Base year: 2009 Baseline value: NContinued overall power system loss below 10% and power sector's financial health including sufficient debt service coverage (minimum 1.2) and net profit generation Progress/Status: Ongoing Data Source: Quarterly project progress reports and completion report Audit financial accounts and reports National statistics Government's fiscal statements Economic reports of Government, ADB, IMF, and World Bank Base year: 2009 Baseline value: N XM-DAC-46004-44240-013-LN2816Asian Development BankThe project supports the Government of Bhutan's efforts toward sustainable urban development in its two largest municipalities (Phuentsholing and Thimphu) and two emerging urban centers (Samdrup Jongkhar Municipality [SJM] and Nganglam Town). It has four outputs: (i) water supply and sanitation (WSS) infrastructure rehabilitation and expansion; (ii) mobility improvement; (iii) urban management strengthening; and (iv) project management and capacity development.Asian Development BankDepartment of Infrastructure DevelopmentMinistry of Infrastructure and TransportAsian Development BankAsian Development BankTshewang Norbuhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=44240-013 (Closed)&officer= tnorbu@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanThimphu27.46609 89.64191Samdrup Jongkhar26.91667 91.61667Phuentsholing26.91389 89.42317Governance and capacity developmentInclusive economic growthEffective gender mainstreaming (EGM)19870000Asian Development BankDepartment of Infrastructure Development2018635.00Asian Development BankDepartment of Infrastructure Development31496.66Asian Development BankDepartment of Infrastructure Development76550.27Asian Development BankDepartment of Infrastructure Development72364.99Asian Development BankDepartment of Infrastructure Development60750.75Asian Development BankDepartment of Infrastructure Development39486.93Asian Development BankDepartment of Infrastructure Development19182.89Asian Development BankDepartment of Infrastructure Development25975.41Asian Development BankDepartment of Infrastructure Development37777.92Asian Development BankDepartment of Infrastructure Development33904.85Asian Development BankDepartment of Infrastructure Development29923.35Asian Development BankDepartment of Infrastructure Development5251.10Asian Development BankDepartment of Infrastructure Development21021.32Asian Development BankDepartment of Infrastructure Development11033.31Asian Development BankDepartment of Infrastructure Development22091.42Asian Development BankDepartment of Infrastructure Development586902.68Asian Development BankDepartment of Infrastructure Development491924.25Asian Development BankDepartment of Infrastructure Development371046.56Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development61605.13Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development601780.64Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development181366.36Asian Development BankDepartment of Infrastructure Development21054.73Asian Development BankDepartment of Infrastructure Development840359.76Asian Development BankDepartment of Infrastructure Development433236.09Asian Development BankDepartment of Infrastructure Development654697.31Asian Development BankDepartment of Infrastructure Development790839.35Asian Development BankDepartment of Infrastructure Development20715.44Asian Development BankDepartment of Infrastructure Development1017159.86Asian Development BankDepartment of Infrastructure Development736966.55Asian Development BankDepartment of Infrastructure Development385035.53Asian Development BankDepartment of Infrastructure Development39075.97Asian Development BankDepartment of Infrastructure Development555784.00Asian Development BankDepartment of Infrastructure Development517987.50Asian Development BankDepartment of Infrastructure Development106712.55Asian Development BankDepartment of Infrastructure Development35585.28Asian Development BankDepartment of Infrastructure Development318724.82Asian Development BankDepartment of Infrastructure Development61670.16Asian Development BankDepartment of Infrastructure Development307694.10Asian Development BankDepartment of Infrastructure Development10814.00Asian Development BankDepartment of Infrastructure Development361732.58Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development463240.53Asian Development BankDepartment of Infrastructure Development425285.55Asian Development BankDepartment of Infrastructure Development449584.37Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development109005.20Asian Development BankDepartment of Infrastructure Development285652.67Asian Development BankDepartment of Infrastructure Development159166.81Asian Development BankDepartment of Infrastructure Development505802.61Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development98820.88Asian Development BankDepartment of Infrastructure Development145391.04Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development297711.33Asian Development BankDepartment of Infrastructure Development204740.06Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development30119.48Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development84837.92Asian Development BankDepartment of Infrastructure Development0.00Asian Development 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Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development10348.93Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development10507.34Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development10538.48Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development11079.41Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development11033.31Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure 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of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development110160.04Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development84704.71Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development83893.19Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development92655.86Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development87963.87Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development87561.82Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development72421.87Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development87096.30Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development74867.53Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure DevelopmentPerformanceFiduciaryOutput/s as listed by the project staff.Output: Capacity of urban public officials strengthened for public awareness in health and hygiene and project management and implementation. Indicator: Public awareness campaign on water, sanitation and hygiene promotion with clear socially inclusive and gender-sensitive messages delivered (2011 Baseline: NA). Achievement: Y Progress/Status: 234 Municipal/District/DES Engineers, including Office Assistants trained within June 2017, 5 MOWHS staff attended the study visit on bridge open foundation Data Source: Quarterly progress reports, project completion report. Baseline year: 2011 Baseline value: Not applicable Baseline year: 2011 Baseline value: Not applicable Target year: 2020 Target value: Y Actual value: YOutput: Capacity of urban public officials strengthened for public awareness in health and hygiene and project management and implementation. Indicator: 100% eligible women staff Data Source: Quarterly progress reports, project completion report. Baseline year: 2011 Baseline value: Not applicable Baseline year: 2011 Baseline value: Not applicable Target year: 2021 Target value: YOutput: Capacity of urban public officials strengthened for public awareness in health and hygiene and project management and implementation. Indicator: At least 140 staff trained on project planning, design, and implementation (2011 Baseline: NA) Achievement: 239 Progress/Status: 234 Municipal/District/DES Engineers, including Office Assistants trained within June 2017, 5 MOWHS staff attended the study visit on bridge open foundation Data Source: Quarterly progress reports, project completion report. Baseline year: 2011 Baseline value: Not applicable Baseline year: 2011 Baseline value: Not applicable Target year: 2020 Target value: 100 Actual value: 239Output: Mobility in Phuentsholing thromde improved. Indicator: 0.17 kms roads constructed Achievement: 0.17 Progress/Status: Completed Data Source: Annual municipal reports, quarterly progress reports and project completion report. Baseline year: 2011 Baseline value: 0 km Baseline year: 2011 Baseline value: 0 km Target year: 2020 Target value: 0.17 kms Actual value: 0.17Output: Mobility in Phuentsholing thromde improved. Indicator: One bridge built over the river Om Chhu Achievement: 1 Progress/Status: Completed Data Source: Annual municipal reports, quarterly progress reports and project completion report.Output: Mobility in Phuentsholing thromde improved. Indicator: 0.2 kms roads upgraded Achievement: 0.2 Progress/Status: Completed Data Source: Annual municipal reports, quarterly progress reports and project completion report.Output: Mobility in Phuentsholing thromde improved. Indicator: Road maintenance equipment provided Achievement: 1 Progress/Status: Procured tandem vibratory road roller in 2017. Data Source: Quarterly progress reports; project completion report.Output: Two ensuing urban sector projects supported. Indicator: Detailed designs for STUDP prepared (2011 baseline: NA). Data Source: Quarterly detailed project reports and consultants reports Baseline year: 2020 Baseline value: Not applicable Baseline year: 2020 Baseline value: Not applicable Target year: 2021 Target value: YOutput: Two ensuing urban sector projects supported. Indicator: Consulting support for development of Water Flagship Program Project provided (2011 baseline: NA). Data Source: Quarterly detailed project reports and consultants reports Baseline year: 2020 Baseline value: Not applicable Baseline year: 2020 Baseline value: Not applicable Target year: 2021 Target value: YOutput: Urban management strengthened. Indicator: 15 staff trained on O&M of urban infrastructure (2011 baseline: 0) Progress/Status: Staff from Thimphu Thromde trained for O&M on WWTP. Data Source: Quarterly progress reports, project completion report, training reports. Actual value: Output: Water supply and sanitation infrastructure in Samdrup Jongkhar and Thimphu thromdes improved. Indicator: at least 17% FHHs Data Source: GAP Report Actual value: Output: Water supply and sanitation infrastructure in Samdrup Jongkhar and Thimphu thromdes improved. Indicator: For SJM: 1,000 households served with improved quality and quantity of water by 2021 (2011 Baseline: 2 hours water supply per day) (Target: at least 6 hours water supply per day with water quality complying with Bhutan Drinking Water Quality Standard, 2016) Progress/Status: 100% completed. Manual commission done on August 2019. Full automated commissioning not achieved within project implementation period. Data Source: Annual municipal reports, quarterly progress reports and project completion report Baseline year: 2011 Baseline value: 2 hrs/day Baseline year: 2011 Baseline value: 2 hrs/day Target year: 2021 Target value: 6 hrs/dayOutput: Water supply and sanitation infrastructure in Samdrup Jongkhar and Thimphu thromdes improved. Indicator: For SJM: Five public schools and one general hospital served with improved quality and quantity of water by 2021 (2011 baseline: 2 hours water supply per day) (Target: at least 6 hours water supply per day with water quality complying with Bhutan Drinking Water Quality Standard, 2016) Progress/Status: 100% completed. Manual commission done on August 2019. Full automated commissioning not achieved within project implementation period. Data Source: Annual municipal reports, quarterly progress reports and project completion report Baseline year: 2011 Baseline value: 2 hrs/day Baseline year: 2011 Baseline value: 2 hrs/day Target year: 2021 Target value: 6 hrs/dayOutput: Water supply and sanitation infrastructure in Samdrup Jongkhar and Thimphu thromdes improved. Indicator: For Thimphu Thromde: 10 MLD of treated wastewater capacity by 2021 (2011 baseline: 2 MLD). Progress/Status: 100% physical works completed. Full automated commissioning not achieved within project implementation period. Data Source: Annual municipal reports, quarterly progress reports and project completion report Baseline year: 2011 Baseline value: 2 MLD Baseline year: 2011 Baseline value: 2 MLD Target year: 2021 Target value: 10 MLDOutput: Water supply and sanitation infrastructure in Samdrup Jongkhar and Thimphu thromdes improved. Indicator: For Thimphu Thromde: 4,285 households served by centralized sewerage system by 2021 (Target: at least 15% FHHs) (2011 baseline: 0). Progress/Status: To be assessed during preparation of project completion report. Data Source: Annual municipal reports, quarterly progress reports and project completion report Actual value: Output: Water supply and sanitation infrastructure in Samdrup Jongkhar and Thimphu thromdes improved. Indicator: For Thimphu Thromde: 13 public schools and 6 health centers served by centralized sewerage system by 2021 (2011 baseline: 0). Progress/Status: To be assessed during preparation of project completion report. Data Source: Annual municipal reports, quarterly progress reports and project completion report Actual value: Output: Water supply and sanitation infrastructure in Samdrup Jongkhar and Thimphu thromdes improved. Indicator: For SJM and Thimphu Thromde: Water supply and sanitation equipment for proper O&M provided by 2021 (2011 baseline: 0). Progress/Status: Thimphu Thromde: procured 1 water tanker and 1 suction machine in 2016. SamdrupJongkhar Thromde: procured 2 water tankers and 1 suction machine in 2016. Data Source: Annual municipal reports, quarterly progress reports and project completion report Actual value: Improved urban infrastructure for the residents of Phuentsholing, Samdrup Jongkhar and Thimphu municipalities (thromdes) provided.Nonrevenue water in SJM reduced from 50% in 2011 to 35% in 2022. Progress/Status: Works completed. The plant is commissioned for manual operation in February 2021. Will be assessed during the preparation of project completion report. Data Source: Municipality or town urban services statistics; project completion report, baseline and post-project data including service delivery and service quality Actual value: Sewerage coverage increased from 17% in 2011 to 80% in 2022 for Thimphu's southern local areas and core area. Progress/Status: Works completed. Will be assessed during the preparation of project completion report. Data Source: Municipality or town urban services statistics; project completion report, baseline and post-project data including service delivery and service quality Actual value: Om Chhu bridge used by 12,979 motor vehicles (including motorcycles) in the first full year of operation. Progress/Status: Traffic counting survey done from 4 -18 January 2020. Within 14 days, a total of 80,674 (Two-wheel, light vehicle, medium vehicle and Heavy Vehicle) have been found plying over the bridge). Will be re-assessed during the preparation of project completion report. Data Source: Socioeconomic and perception survey Actual value: Better understanding of planning, design, and O&M of urban infrastructure and services by thromde staff reported by 2022. Progress/Status: Will be assessed during the preparation of project completion report. Data Source: Municipality or town urban services statistics; project completion report, baseline and post-project data including service delivery and service quality Base year: 2011 XM-DAC-46004-45260-001-LN2955Asian Development BankThe South Asian Sub-regional Economic Cooperation (SASEC) Sub-Regional Trade Facilitation Program supports ADB's regional cooperation strategy for South Asia (2011-2015) and builds on the commitments expressed by the SASEC Trade and Transport Working Group. Its intended impact is to increase intra-regional trade among the SASEC member countries of Bangladesh, Bhutan, and Nepal. India is not included in the program because it is self-financing its trade facilitation reforms and has already taken significant strides ahead of the other countries. It is, notably, the only SASEC member country that has acceded to the Revised Kyoto Convention for the Simplification and Harmonization of Customs Procedures (RKC). This program's expected outcome is efficient, effective, transparent, secure and service-oriented processing of cross-border trade in the sub-region. To achieve this outcome, the Program and its associated TA will support activities under three thematic areas: (i) modern and effective customs administration, (ii) streamlined and transparent regulations and procedures, and (iii) improved information and responsiveness to the private sector. The importance of this program is underscored by the realities in South Asia as described below.Asian Development BankNational Board of RevenueAsian Development BankAsian Development BankRonald Antonio Butionghttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=45260-001 (Closed)&officer= RQBUTIONG@GMAIL.COM&division= Regional Cooperation and Operations Coordination Div, SARD&projectcountry= RegionalBhutan27.5 90.5Bangladesh24 90Nepal28 84Inclusive economic growthRegional integrationPrivate sector development8340000Asian Development BankNational Board of Revenue3089572.86Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue4866863.65Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue243611.02Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue238376.46Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue226458.37Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue218208.35Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue227939.87Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue222460.30Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue223382.04Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue222886.58Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue226948.84Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue229737.59Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue232318.71Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue19843.39Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue16010.71Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue15430.40Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue31267.66Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue38914.66Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue36949.53Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue38346.53Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue35773.45Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue38882.96Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue38730.67Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue37201.51Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue38730.67Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue35337.03Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue37788.93Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue37375.97Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue37405.69Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue59848.68Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue57439.70Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue42005.03Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue41995.67Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue48668.38Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue45088.70Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue44702.90Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue33376.53Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue43530.70Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue34412.29Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of Revenue0.00Asian Development BankNational Board of RevenuePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Improved information and responsiveness to the private sector Indicator: Establishment of multi-sectoral transport and trade facilitation committees (baseline: none)Output: Improved information and responsiveness to the private sector Indicator: Establishment of market access information portals (baseline: none)Output: Modernized and more effective customs administration Indicator: ASYCUDA World or ASYCUDA-compatible Customs systems implemented by end 2015 (baseline: none)Output: Modernized and more effective customs administration Indicator: Risk management system established (baseline: None)Output: Modernized and more effective customs administration Indicator: Reduction in bilateral and 3rd country clearance documentation requirements by 25% (baseline TBD)Output: Streamlined and transparent regulations and procedures Indicator: Reduction in number of forms and copies required for average clearance (baseline: TBD)Output: Streamlined and transparent regulations and procedures Indicator: Lower inspection and examination levels (baseline: TBD)Output: Streamlined and transparent regulations and procedures Indicator: National single window piloted by end 2015 (baseline: None)Faster and cheaper processing of cross-border trade in the SASEC region.Customs revenues increase by at least 15% (baseline: TBD)Expedited border transits for freight traffic (baseline: TBD)Reduction in total number of border procedures by 25% by 2015 (baseline: TBD) XM-DAC-46004-46371-001-LN2994Asian Development BankThe proposed program involves a budget support for the Government of Bhutan which is currently facing weakening growth prospects as well as challenges in macroeconomic management. The objective of the program is, therefore, to strengthen macrofinancial management in the country to ensure adequate and sound development financing in a balanced and non-distortionary manner. The expected impact of the proposed program is strengthened macrofinancial management of the government in a sustainable manner. The outcome will be increased predictability in funds-flow and creation of greater fiscal space in the government budget. A preliminary agreement between ADB and the Government of Bhutan was reached on the reform measures and policy actions required for ADB's support under the Bhutan Strengthening Economic Management Program (BSEMP), and the areas covered under policy reform program will include: (i) Output 1: Improved budget and debt management systems. Whereby expenditure efficiency measures will be rolled out for the major spending departments, leading to better allocative efficiency of scarce public resources. (ii) Output 2: Improved revenue management system. Revenue efforts will be strengthened by introducing a Revenue Administration Management System and introduction of property taxation based on property valuation. (iii) Output 3: Improved macroprudential management framework. Policy actions will be initiated. (iv) Output 4: Improved external and internal audit operations. Whereby the Royal Audit Authority (RAA) will roll out an Audit Information Management System in a phased manner over the program period. Similarly, staff of all the major departments will be trained to carry out internal audit.Asian Development BankDepartment of Public AccountsAsian Development BankAsian Development BankCigdem Akinhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=46371-001 (Closed)&officer= cakin@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.5 90.5Inclusive economic growthGovernance and capacity developmentPrivate sector development14190000Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts14215475.36Asian Development BankDepartment of Public Accounts410940.94Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts399499.95Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts376099.76Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts382553.69Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts380910.72Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts384716.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts388134.46Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts384064.49Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts395061.09Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts393455.74Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of 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BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts64204.89Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts67021.70Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts66048.08Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts63892.07Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts63575.71Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts62907.89Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts64460.16Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts67732.39Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts64865.90Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of 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of Public Accounts3345.36Asian Development BankDepartment of Public Accounts-1462.14Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts80826.01Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts70642.52Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts68058.05Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts66938.70Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts83101.30Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts68300.69Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public AccountsPolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Improved budget and debt management systems implemented Indicator: A debt management strategy is in place by 2013 (baseline: no such strategy yet developed) Progress/Status: Achieved. MOF's Office Order No. MoF/PPD/ PPC/25/2776 dated 19 February 2013, on the approval of the MTDS Data Source: MOF certification on the approval of the debt management strategy MOF report on the implementation of the debt management strategy National budget, MOF Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2013 Target value: YOutput: 1. Improved budget and debt management systems implemented Indicator: Strengthening of debt management office in MOF by third quarter of 2014 (baseline: debt management office understaffed) Progress/Status: Achieved. Department of Public Accounts' Internal Memo No. DPA/ADM/2012-13/1667, dated 18 February 2013, on the appointment of staff to the DMD, and on the DMD organizational chart. Data Source: Debt sustainability analysis report of MOF National budget, MOF Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 1. Improved budget and debt management systems implemented Indicator: Medium-term expenditure allocations developed in major municipalities by 2014 (baseline: medium-term expenditure framework not yet developed) Progress/Status: Achieved: Thimphu, Phuentsholing, Samdrup Jongkhar, and Gelephu prepared their budgets based on the MTEF and submitted them on 4 June 2014 with Office Order No. DPA/ADB/SEMP/2014/2645. Data Source: Medium-term expenditure framework, MOF National budget, MOF Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 1. Improved budget and debt management systems implemented Indicator: A plan to fully integrate the Treasury Management Division and Debt Management Division prepared by 2014 (baseline: not integrated at present) Progress/Status: Achieved: Since TMD and DMD are under the same department, close working relationship and information sharing have been established. Data Source: Strategy paper approved by the macroeconomic framework coordination committee National budget, MOF Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 2. Improved revenue effort and revenue management system implemented Indicator: Introduction of property valuation methodology by 2014 (baseline: not in place) Progress/Status: Achieved: The new rules and regulations for the PVM, as prepared by the PAVA task force, were approved by MOF and came into effect on 21 March 2014 with Notification No. FM/DNP/PA-08/2014/5784 Data Source: Status report on implementation of new methodology by MOWHS National budget, MOF (annual) Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 2. Improved revenue effort and revenue management system implemented Indicator: Completed installation of the revenue administration management information system for the Department of Revenue and Customs by 2014 (baseline: the system currently not in place) Progress/Status: Achieved: RAMIS hardware setup and software installation was successfully completed, and training was provided to DRC IT officials on the architectural design of the system on 27 March 2014. RAMIS Phase I (including income tax, sales tax at point of sale, and revenue accounting modules) was piloted on 25 April 2014 in the head office and two regional offices in Thimphu and Phuentsholing, and a pilot report was submitted with Office Order No. DRC/PM-RAMIS (ADB)-3281. Data Source: MOF certification and approved notification on the new revenue chart of account National budget, MOF (annual) Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 3. Improved macroprudential management framework implemented Indicator: A financial policy committee in place by February 2013 (baseline: none at present) Progress/Status: Achieved: The RMA set up the financial policy committee on 7 February 2013 with Order No. RMA: MS/BOD-POLICY/2012-2013/2851. Data Source: RMA circular and/or order on the establishment of financial policy committee Annual report of the RMA Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2013 Target value: YOutput: 3. Improved macroprudential management framework implemented Indicator: Macro-prudential management framework in place in the RMA by 2014 (baseline: the current macro-prudential system quite weak) Progress/Status: Achieved: The RMA approved the macroprudential policy paper and the corresponding rules and regulations during the 96th RMA Board Meeting on 7 May 2014, and the regulations became effective on 7 May 2014 with Notification No. RMA/FRSD/34/2012-2013/4492. The policy paper and the corresponding rules and regulations were submitted with letter No. RMA/FRSD/32.2013-2014/4523 on 5 June 2014. The draft regulations on bank disclosure requirement were posted on RMA website on 24 June 2014 with RMA Notification No. RMA/FRSD/35/2013-2014/4739 to receive public comments for one month before it is considered for RMA Board approval. Data Source: RMA approved policy paper and corresponding rules on macro-prudential norms Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 3. Improved macroprudential management framework implemented Indicator: A capital markets master plan in place by 2014 (baseline: capital market master plan nonexistent) Progress/Status: Achieved: MOF and RMA approved the capital market master plan for 2014-2024 on 30 May 2014 during the 97th RMA Board Meeting and submitted it with letter No. RMA/FRSD/32/2013-14/4597 on 12 June 2014. Data Source: Capital markets master plan approved by MOF and RMA Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 3. Improved macroprudential management framework implemented Indicator: Regulatory and supervisory framework for a credit rating agency in place by 2014 (baseline: none at present) Progress/Status: Achieved: The RMA approved the regulatory and supervisory framework for a credit rating agency on 30 May 2014 during the 97th RMA Board Meeting and the regulations became effective on 12 June 2014 with Notification No. RMA/FRSD-SU/86/2013-2014/4596. RMA submitted Regulation on Credit Rating Agencies with letter No. RMA/FRSD/32/2013-2014/4598 on 12 June 2014. Data Source: Notification issued by RMA on the establishment of the regulatory and supervisory framework for credit rating agencies Annual report of the RMA Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 4. Improved external and internal audit operations implemented Indicator: Put in place an audit resource management system (ARMS) in the head office of the RAA by 2014 (baseline: no system in place) Progress/Status: Achieved: RAA submitted the report on the completion of the pilot implementation of ARMS on 9 April 2014 with Office Order No. RAA (DAG-SP) ARMS/2014/969. Data Source: A report on the completion of first stage pilot ARMS Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YOutput: 4. Improved external and internal audit operations implemented Indicator: Adoption of internal audit manuals in major spending departments by 2014 (baseline: audit manuals not available) Progress/Status: Achieved: MOF submitted the approved internal audit manual and the report on training of internal auditors on 18 April 2014 with Office Order No. MoF/CCA-Gen/2013-14/114. Data Source: Approved internal audit manual and a comprehensive report on training of the internal audit staff Baseline year: 2012 Baseline value: N Baseline year: 2012 Baseline value: N Target year: 2014 Target value: YMore effective use of Bhutan's own financial resources in a predictable mannerDebt-to-GDP ratio is no higher than 35% by FY2015 (baseline: 45% in FY2012, net of hydropower loans) Progress/Status: Achieved: The ratio of non-hydropower debt to GDP will be at 31.6% in FY2014. Source: National Budget 2013/14, MOF, September 2013, p. 58. Data Source: Annual financial statement, MOF Actual value: Fiscal deficit is within the prescribed level of 3% each fiscal year during the Eleventh Five Year Plan by FY2015 (baseline: 4.70% in FY2012) Progress/Status: Achieved: Fiscal deficit for FY2013 is 0.9%, and for FY2014 it is estimated at 3.7% of GDP and will decline to 3.1% in FY2015 and remain within the target of 3% from FY2016 onward. Source: National Budget 2013/14, MOF, September 2013, p. 58. Data Source: Annual financial statement, MOF Actual value: Private savings-to-GDP ratio increased by 2 percentage points by FY2015 (baseline: 32% in FY2012) Progress/Status: Achieved: Gross domestic savings rate increased by 2.71 percentage points between FY2011 and FY2012 (Appendix 4). Data Source: Annual financial statement, MOF Actual value: XM-DAC-46004-39225-034-LN3149Asian Development BankADB and the Government of Bhutan are working together to bring safer roads and more opportunities to the southern part of the country. The South Asia Subregional Economic Cooperation Road Connectivity Project will build 68.3 km of the vital Southern East West Highway between the towns of Dewathang and Nganglam, which is one of the main crossing points between Bhutan and India. The new stretch of road will improve the connection between Bhutan's main north-south highways and India's national highway network. As a result, travel time between Nganglam and Dewathang is being reduced by 80% from 12 hours to just a few hours. The project is also building a 1.2 km access road between Bhutan's border with India and the Pasakha industrial estate, reducing travel time by 90 percent from nearly two hours to about 10 minutes. Border crossing stations in Phuentsholing City the town of Alay will also be improved, and a 2.7 km access road to the national highway will be built. The new roads and facilities will help develop the capacity of the country's engineers and government officials to build modern transport infrastructure. The project is designed to make Bhutan more competitive in terms of international trade and spread the benefits of cross-border commerce with its regional neighbors to people across the country, including the poorest and most disadvantaged.Asian Development BankDepartment of RoadsPhuentsholing ThromdeAsian Development BankAsian Development BankSin Wai Chonghttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=39225-034 (Closed)&officer= tnorbu@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanBhutan27.5 90.5Regional integrationGovernance and capacity developmentEnvironmentally sustainable growthInclusive economic growthSome gender elements (SGE)31390000Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of RoadsPerformanceFiduciaryOutput/s as listed by the project staff.Output: Eco-friendly transport promoted. Indicator: Pilot scheme for promotion of clean-energy vehicles completed Progress/Status: Purchased two battery driven-electric vehicle (BEV) and one hybrid electric vehicle (HEV) to promote eco-friendly transport in the country. Data Source: Monitoring reports and PCR by DOR Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2021 Target value: YOutput: Road construction and maintenance capacity improved. Indicator: Manuals and tool kits for road safety, road asset management, and climate-resilient design and maintenance of roads developed and adopted Achievement: Y Progress/Status: The following manuals were prepared for future use by the engineers of DOR: (i) Road Safety Audit Manual, and (ii) Climate Change Resilient Road Design Report. Data Source: Monitoring reports and PCR by DOR. Pre- and post-evaluation of training participants by DOR. Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2021 Target value: Y Actual value: YOutput: Road construction and maintenance capacity improved. Indicator: Road maintenance plans and budgets prepared using the road asset management system Progress/Status: Road maintenance plans and budgets are to be prepared using the road asset management system. Data Source: Monitoring reports and PCR by DOR. Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2021 Target value: YOutput: Road construction and maintenance capacity improved. Indicator: Number of DOR staff with certified skills in road safety, road asset management, and climate-resilient design and maintenance of roads reaches 30 Achievement: 49 Progress/Status: 34 officials from DOR and MOWHS were sent abroad to receive various training. A total of 49 engineers from various regional offices of DOR were trained in-country on various programs. Data Source: Monitoring reports and PCR by DOR. Pre- and post- evaluation of training participants by DOROutput: Roads built and trade infrastructure established. Indicator: Land custom station at Alay established in Phuentsholing Data Source: Monitoring reports and PCR by DOR and Phuentsholing Thromde Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2021 Target value: YOutput: Roads built and trade infrastructure established. Indicator: About 1.2 km of access road between Pasakha industrial estate and India constructed Achievement: 1.2 Progress/Status: 1.2 km of access road between Pasakha industrial estate and India was completed by June 2019 under following three packages: Package 1: Construction of Bhalujhora Bridge on June 2019 Package 2: Construction of multi-cellular box culvert, land custom station and roadworks on May 2019 Package 3: Construction of Gabion structure on March 2019 Procurement of additional equipment and vehicles: (i) Snow clearing machine - 3 nos., (ii) Handheld roller machine - 6 nos., (iii) pick-up truck - 1 no., and (iv) customized vehicle for Road Asset Management - 1 no. was completed in Dec 2022 Data Source: Monitoring reports and PCR by DOR and Phuentsholing Thromde Pre- and post- evaluation o training participants by DOROutput: Roads built and trade infrastructure established. Indicator: A mini dry port constructed in Phuentsholing Achievement: Y Progress/Status: The construction Mini Dry Port (MDP) was completed in February 2019 is under operation from November 2019 till date. The Alay Land Custom Station (ALCS) was developed on 10 March 2022 and is under operation. Data Source: Monitoring reports and PCR by DOR and Phuentsholing Thromde Baseline year: 2013 Baseline value: N Baseline year: 2013 Baseline value: N Target year: 2022 Target value: Y Actual value: YOutput: Roads built and trade infrastructure established. Indicator: About 2.7 km of bypass road constructed in Phuentsholing city. Achievement: 2.7 Progress/Status: The construction of 2.7 km northern bypass road in Phuentsholing city was completed by March 2021 under following two package: Package 1−chainage 0+000 to 1+510km was completed on 25 January 2020. Package 2−chaiage 2+000 to 2+660km was completed on 12 March 2021. Data Source: Monitoring reports and PCR by Phuentsholing Thromde.Road connectivity and transport efficiency in the project areas in Bhutan improved.Average travel time to Pasakha industrial area from Jaigaon junction reduced by 90% from 100 minutes in 2013. Progress/Status: Will be assessed during preparation of project completion report Data Source: Post-implementation measurement by DOR and Phuentsholing Thromde Actual value: Average daily vehicle-kilometers in the first full year of operation reaches 380 for new Pasakha access road. Progress/Status: Will be assessed during preparation of project completion report Data Source: Post-implementation measurement by DOR and Phuentsholing Thromde Actual value: Average daily vehicle-kilometers in the first full year of operation reaches 3,000 for new Phuentsholing bypass road. Progress/Status: Will be assessed during preparation of project completion report Data Source: Post-implementation measurement by DOR and Phuentsholing Thromde Actual value: Annual fatality rate along the project road is less than 5 per 10,000 vehicles. Progress/Status: Will be assessed during preparation of project completion report Data Source: Post-implementation measurement by DOR and Phuentsholing Thromde Actual value: XM-DAC-46004-44444-013-LN3225Asian Development BankADB and the Government of Bhutan are working together to export clean energy while supporting social services and providing electricity to the poor. The Second Green Power Development Project is building a run-of-the-river hydropower plant in central Bhutan through a partnership with several private companies. Clean power generated by the plant will be sold to India and will help reduce carbon emissions. The clean energy from Bhutan will allow India to eliminate around 460,000 tons of carbon dioxide emissions every year that it would otherwise have generated through fossil fuels. The revenue generated from exporting power to India will be used to finance social services in Bhutan such as health, education and rural development. The planned 118-megawatt plant will be located on the Nikachhu River in a narrow valley in the central Trongsa District. As a run-of-the-river plant, it does not need a large reservoir for water storage, but comprehensive safeguard management plans are provisioned for the project implementation. Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic AffairsDruk Green Power Corporation LimitedTangsibji Hydro Energy LimitedAsian Development BankAsian Development BankTakayuki Sugimotohttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=44444-013 (Active)&officer= khoriguchi@adb.org&division= Energy Sector Office (SG-ENE)&projectcountry= BhutanBhutan27.5 90.5PartnershipsKnowledge solutionsInclusive economic growthRegional integrationEnvironmentally sustainable growthPrivate sector developmentGovernance and capacity developmentSome gender elements (SGE)70000000Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs38500.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of 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Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs1630843.87Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs1357381.56Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic AffairsPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Hydropower plant constructed Indicator: 118 MW run-of-river Nikachhu hydropower plant constructed through PPP by 2021 Achievement: N Progress/Status: On 13 April 2022, the loan/grant closing date has been extended until 30 June 2024 to enable completion of the remaining project activities and fully utilize the loan/grant amount. completed in Feb 2024. Data Source: DGPC quarterly project progress reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2023 Target value: Y Actual value: NOutput: 1. Hydropower plant constructed Indicator: 18.6 km of 132 kV transmission line to evacuate to the grid system constructed by 2021 Achievement: Y Progress/Status: completed Data Source: DGPC quarterly project progress reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2023 Target value: Y Actual value: YOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: DGPC's equity financing requirement raised through PPP by 2015 Achievement: N Progress/Status: Equity of THyE has been fully covered by DGPC without PPP. Data Source: TA final report Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2015 Target value: Y Actual value: NOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: THyE's and DGPC safeguard implementation and monitoring system in place by 2015 Achievement: Y Progress/Status: Completed. Data Source: Safeguard monitoring reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2015 Target value: Y Actual value: YOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: Commercial weaving training provided to at least for 25 women under community development programs by 2019 Achievement: 0 Progress/Status: Weaving training was conducted successfully. The number of participants was 18, which is 72% of the target. Data Source: Safeguard monitoring reportsOutput: 3. Hydropower development and trading framework improved Indicator: Study of functional segregation of transmission and distribution, system operation, and power trading of power entities submitted to the government Achievement: Y Progress/Status: Study completed. Data Source: Assessment of unbundling of BPC distribution, transmission, and system operations Baseline year: 2015 Baseline value: N Baseline year: 2015 Baseline value: N Target year: 2017 Target value: Y Actual value: YOutput: 3. Hydropower development and trading framework improved Indicator: Existing hydropower policy improvement and draft tariff policy finalized by the government by 2017. Achievement: Y Progress/Status: Review of Electricity Act conducted in line with the request from the Government, and a comprehensive report prepared. Data Source: Final documents of revised Sustainable Hydropower Development Policy, 2008 and Tariff Policy Baseline year: 2015 Baseline value: N Baseline year: 2015 Baseline value: N Target year: 2017 Target value: Y Actual value: YIncreased clean hydropower generation in BhutanClean power generated and supplied increased by 491.52 GWh by 2022 (baseline 2013: 7,530 GWh). Achievement: 0 Progress/Status: --Ongoing Data Source: DGPC audited financial accounts and annual reports459,734 tons CO2 equivalent per annum of emission avoided as certified on the crossborder CDM by 2022. Achievement: N Progress/Status: --Ongoing Data Source: CDM project design document and monitoring reports Base year: 2013 Baseline value: N XM-DAC-46004-44444-013-LN3226Asian Development BankADB and the Government of Bhutan are working together to export clean energy while supporting social services and providing electricity to the poor. The Second Green Power Development Project is building a run-of-the-river hydropower plant in central Bhutan through a partnership with several private companies. Clean power generated by the plant will be sold to India and will help reduce carbon emissions. The clean energy from Bhutan will allow India to eliminate around 460,000 tons of carbon dioxide emissions every year that it would otherwise have generated through fossil fuels. The revenue generated from exporting power to India will be used to finance social services in Bhutan such as health, education and rural development. The planned 118-megawatt plant will be located on the Nikachhu River in a narrow valley in the central Trongsa District. As a run-of-the-river plant, it does not need a large reservoir for water storage, but comprehensive safeguard management plans are provisioned for the project implementation. Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic AffairsDruk Green Power Corporation LimitedTangsibji Hydro Energy LimitedAsian Development BankAsian Development BankTakayuki Sugimotohttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=44444-013 (Active)&officer= khoriguchi@adb.org&division= Energy Sector Office (SG-ENE)&projectcountry= BhutanBhutan27.5 90.5PartnershipsKnowledge solutionsInclusive economic growthRegional integrationEnvironmentally sustainable growthPrivate sector developmentGovernance and capacity developmentSome gender elements (SGE)25250000Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of 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Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs148003.92Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs160273.62Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs147714.93Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs147164.20Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic Affairs0.00Asian Development BankDepartment of Hydropower & Power Systems, Ministry of Economic AffairsPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Hydropower plant constructed Indicator: 118 MW run-of-river Nikachhu hydropower plant constructed through PPP by 2021 Achievement: N Progress/Status: On 13 April 2022, the loan/grant closing date has been extended until 30 June 2024 to enable completion of the remaining project activities and fully utilize the loan/grant amount. completed in Feb 2024. Data Source: DGPC quarterly project progress reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2023 Target value: Y Actual value: NOutput: 1. Hydropower plant constructed Indicator: 18.6 km of 132 kV transmission line to evacuate to the grid system constructed by 2021 Achievement: Y Progress/Status: completed Data Source: DGPC quarterly project progress reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2023 Target value: Y Actual value: YOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: DGPC's equity financing requirement raised through PPP by 2015 Achievement: N Progress/Status: Equity of THyE has been fully covered by DGPC without PPP. Data Source: TA final report Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2015 Target value: Y Actual value: NOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: THyE's and DGPC safeguard implementation and monitoring system in place by 2015 Achievement: Y Progress/Status: Completed. Data Source: Safeguard monitoring reports Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2015 Target value: Y Actual value: YOutput: 2. DGPC and THyE project management and implementation capacity enhanced Indicator: Commercial weaving training provided to at least for 25 women under community development programs by 2019 Achievement: 0 Progress/Status: Weaving training was conducted successfully. The number of participants was 18, which is 72% of the target. Data Source: Safeguard monitoring reportsOutput: 3. Hydropower development and trading framework improved Indicator: Study of functional segregation of transmission and distribution, system operation, and power trading of power entities submitted to the government Achievement: Y Progress/Status: Study completed. Data Source: Assessment of unbundling of BPC distribution, transmission, and system operations Baseline year: 2015 Baseline value: N Baseline year: 2015 Baseline value: N Target year: 2017 Target value: Y Actual value: YOutput: 3. Hydropower development and trading framework improved Indicator: Existing hydropower policy improvement and draft tariff policy finalized by the government by 2017. Achievement: Y Progress/Status: Review of Electricity Act conducted in line with the request from the Government, and a comprehensive report prepared. Data Source: Final documents of revised Sustainable Hydropower Development Policy, 2008 and Tariff Policy Baseline year: 2015 Baseline value: N Baseline year: 2015 Baseline value: N Target year: 2017 Target value: Y Actual value: YIncreased clean hydropower generation in BhutanClean power generated and supplied increased by 491.52 GWh by 2022 (baseline 2013: 7,530 GWh). Achievement: 0 Progress/Status: --Ongoing Data Source: DGPC audited financial accounts and annual reports459,734 tons CO2 equivalent per annum of emission avoided as certified on the crossborder CDM by 2022. Achievement: N Progress/Status: --Ongoing Data Source: CDM project design document and monitoring reports Base year: 2013 Baseline value: N XM-DAC-46004-46371-002-LN3258Asian Development BankIn order to maintain sustainable growth trajectory, Government of Bhutan's capacity needs to be strengthened in the area of macroeconomic management and financial sector development. For this purpose, in continuation of the earlier reforms initiated under the Strengthening Economic Management Program (SEMP), the proposed program targets strengthening of (i) revenue and macroprudential management and (ii) financial sector development. The proposed SEMP II and attached technical assistance will support the government in timely implementation of the chronologically-sequenced policy reforms.Asian Development BankDepartment of Public AccountsAsian Development BankAsian Development BankCigdem Akinhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=46371-002 (Closed)&officer= cakin@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.38626 90.42845Private sector developmentGovernance and capacity developmentInclusive economic growthSome gender elements (SGE)20100000Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts19967303.06Asian Development BankDepartment of Public Accounts601921.21Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts597309.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts592050.79Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts612343.08Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts612081.50Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts617614.46Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts102628.46Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts105934.24Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts97705.66Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian 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of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts83638.10Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts152457.01Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts155099.56Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts92016.11Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts152525.04Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public Accounts112296.66Asian Development BankDepartment of Public Accounts0.00Asian Development BankDepartment of Public AccountsPolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Improved macroeconomic management Indicator: A calendar for issuance of government debt securities is published by MOF for FY2017 by the end of Q2 2016 (baseline: not available) Data Source: MOF national budget of government MOF annual financial statement of government RMA monthly statistical bulletins RMA selected economic indicators Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Improved macroeconomic management Indicator: Direct and sales tax modules of the RAMIS are launched and become fully operational by the end of Q3 2016 (baseline: not available) Data Source: MOF national budget of government MOF annual financial statement of government RMA monthly statistical bulletins RMA selected economic indicators Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Improved macroeconomic management Indicator: An effective liquidity management and stress testing framework for banking sector is developed and implemented by the end of Q3 2016 (baseline: liquidity management system is weak) Data Source: MOF national budget of government MOF annual financial statement of government RMA monthly statistical bulletins RMA selected economic indicators Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Strengthened financial sector development Indicator: Gender sensitivea financial literacy program is completed by the end of Q3 2016 (baseline: not available) Data Source: RMA reports Administrative, regulatory, and supervisory guidelines from MoEA, NPPF, RMA, and other relevant agencies Gender-disaggregated data obtained from CIB Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Strengthened financial sector development Indicator: Gewog banking services in non-urban areas, targeting the specific needs of low-income women, are implemented by the end of Q3 2016 (baseline: not available) Data Source: RMA reports Administrative, regulatory, and supervisory guidelines from MoEA, NPPF, RMA, and other relevant agencies Gender-disaggregated data obtained from CIB Baseline value: N Baseline value: N Target year: 2016 Target value: YOutput: Strengthened financial sector development Indicator: Users of CIB services (disaggregated by gender) increase by 10% by the end of Q3 2016 (baseline: 33,185 men and 18,478 women obtained credit report from CIB in 2014) Data Source: RMA reports Administrative, regulatory, and supervisory guidelines from MoEA, NPPF, RMA, and other relevant agencies Gender-disaggregated data obtained from CIB Baseline value: N Baseline value: N Target year: 2016 Target value: YImproved macroeconomic stabilityGross official reserves in months of merchandise import coverage are sustained at not less than 13 months by the end of Q4 2016 (baseline: 13 months of import coverage in FY2014) Data Source: RMA statistical bulletin and other government statistics RMA annual report RMA monetary policy statement RMA Bhutanese financial sector performance review National accounts statistics Actual value: Fiscal deficit is within the prescribed level of 3% of GDP by the end of Q4 2016 (baseline: deficit of 4% in FY2014) Data Source: RMA statistical bulletin and other government statistics RMA annual report RMA monetary policy statement RMA Bhutanese financial sector performance review National accounts statistics Actual value: Non-performing loan ratio of banks reaches 10% or less by the end of Q4 2016 (baseline: 11.8% in September 2014) Data Source: RMA statistical bulletin and other government statistics RMA annual report RMA monetary policy statement RMA Bhutanese financial sector performance review National accounts statistics Actual value: XM-DAC-46004-47284-002-LN3421Asian Development BankThe project will promote regional connectivity in the Phuentsholing area with a direct road connection between Samtse and Chhukha districts. The new road section between Phuentsholing and Chamkuna will (i) complete the last missing 3.3-kilometer (km) link along the Phuentsholing-Samtse national highway, (ii) activate the full value of the entire 58 km Southern East-West Highway (SEWH) section for road users, and (iii) link Samtse district to the rest of the country. The trade facilitation and logistics component is aimed at improving the infrastructure and services at the border crossing points by adding additional equipment to facilitate cross-border traffic and transit of goods and services, trade, and commerce nationwide. These interventions are targeted at improving the working conditions and service delivery at the checkpoints so that goods and services can be exported and imported safely and efficiently.Asian Development BankDepartment of RoadsPhuentsholing ThromdeAsian Development BankAsian Development BankTshewang Norbuhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=47284-002 (Active)&officer= tnorbu@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanPhuentsholing26.91389 89.42317Inclusive economic growthRegional integrationGovernance and capacity developmentEnvironmentally sustainable growthSome gender elements (SGE)14610000Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads1073348.99Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads1838.42Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads450311.38Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads6209.12Asian Development BankDepartment of Roads28383.41Asian Development BankDepartment of Roads665408.01Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads10004.72Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads562157.56Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads420659.03Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads16142.34Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads408447.27Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads18050.05Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads15509.91Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads583074.82Asian Development BankDepartment of Roads20934.67Asian Development BankDepartment of Roads18617.21Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads779115.56Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads603072.75Asian Development BankDepartment of Roads555127.85Asian Development BankDepartment of Roads424540.85Asian Development BankDepartment of Roads610505.74Asian Development BankDepartment of Roads164767.55Asian Development BankDepartment of Roads22787.13Asian Development BankDepartment of Roads37640.43Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads714668.05Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads24152.13Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads1054500.45Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads1003324.84Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads601855.03Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads646747.49Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads498767.67Asian Development BankDepartment of Roads222735.31Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads284721.50Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads297489.97Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads300871.67Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads1838.42Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads6209.12Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads10004.72Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads16142.34Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads18050.05Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads20934.67Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads27129.63Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads37640.43Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads43702.06Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads45866.89Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads54989.36Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads89602.10Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads88758.30Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of Roads0.00Asian Development BankDepartment of RoadsPerformanceFiduciaryOutput/s as listed by the project staff.Output: Electronic customs management system (eCMS) developed. Indicator: Electronic customs management system developed and deployed (2016 baseline: NA) Achievement: Y Progress/Status: Completed - eCMS was developed and launched from 28 December 2023. Data Source: Post-implementation measurement by the DRC Baseline year: 2016 Baseline value: N Baseline year: 2016 Baseline value: N Target year: 2023 Target value: Y Actual value: YOutput: Equipment for trade facilitation and logistics at MDP in Phuentsholing and the LCS in Allay procured and installed. Indicator: Handheld scanners, container lifter, forklift trucks, and communication and safety equipment procured and installed (2016 baseline: NA) Achievement: Y Progress/Status: All envisaged equipment were procured and installed as of 31 December 2023. Data Source: Post-implementation measurement by the DRC Baseline year: 2016 Baseline value: N Baseline year: 2016 Baseline value: N Target year: 2023 Target value: Y Actual value: YOutput: Highway between Chamkuna and Amochu Bridge improved. Indicator: 3.8 km highway between Chamkuna and Amochu Bridge constructed (2020 baseline: 0). Achievement: 3.62 Progress/Status: 100% physical completed and opened for traffic use from January 2023. Data Source: Construction supervision consultant's reportOutput: Highway between Pasakha and Manitar constructed. Indicator: 31 Km of highway improved between Pasakha and Manitar (2021 baseline: 0 Km) Achievement: 29 Progress/Status: 100% physical progress and opened for traffic use from April 2024. Data Source: Report by DOSTOutput: National highway between Phuentsholing and Chamkuna constructed. Indicator: 3.3 km of national highway constructed between Phuentsholing and Chamkuna (2016 baseline: 0.0 km). Achievement: 3.3 Progress/Status: 100% completed as of June 2024. Data Source: Construction supervision consultant's reportOutput: Tunnel at Bhawanijhora river, as part of Pasakha Access road, constructed Indicator: 110m of tunnel at Bhawanijhora river constructed. (Baseline 2024: N) Progress/Status: The contractor was mobilized in September 2024, and the physical progress is 90% as of Q1 2025. Data Source: Progress Report by DOST Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2025 Target value: YRoad connectivity and service delivery at the border crossings in Samtse and Chhukha districts improved.Average travel distance between Phuentsholing and Samtse reduced to 58 km (2016 baseline: 78 km through India). Achievement: 58 Progress/Status: To be assessed during the PCR mission. Data Source: Post-implementation measurement by the DOSTThe Samtse-Phuentsholing national highway achieved 54,752 average daily vehicle-km (2016 baseline: 0 vehicle-km). Progress/Status: To be assessed during the PCR mission. Data Source: Post-implementation measurement by the DOST Actual value: The Chamkuna-Phuentsholing highway section achieved 9,405 average daily vehicle-km in the first full year of operation (2016 baseline: 0 vehicle-km). Progress/Status: To be assessed during the PCR mission. Data Source: Post-implementation measurement by the DOST Actual value: Custom processes improved/enhanced: (i) Systematic custom inspections performed to detect illegal items and prevent importation of duty-unpaid goods; (ii) time-saving, safe transshipment, and off-load procedures carried out; (iii) average physical truck inspection time reduced to less than 5 minutes; and (iv) container off-loading time reduced to 3 minutes (2016 baseline: Not applicable). Achievement: Y Progress/Status: Substantially achieved. The indicators (i), (ii), and (iv) are achieved; however, the indicator (iii) is partially achieved with an average time to physically inspect one truck is 30 minutes in actual. Data Source: Post-implementation measurement by the DOST Base year: 2016 Baseline value: N XM-DAC-46004-50165-002-GRNT0573Asian Development BankThe proposed Amochhu Land Development and Township Project will develop 66 hectares (ha) of riparian land near the city of Phuentsholing that is located adjacent to the Amochhu River on Bhutans southwestern border with India. The project will provide protection from floods and erosion, and construct smart urban infrastructure to allow phased urban expansion. A modern township will be designed on modern sustainable principles of equity, livability, and competitiveness, and it will be integrated into the fabric of the existing municipality and preserve Bhutans unique architectural heritage. The project will also protect the existing and new towns from floods and riverbank erosion which currently threatens lives and livelihoods and disrupts connectivity with nearby communities.Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinanceDruk Holding and Investments LimitedAsian Development BankAsian Development BankTshewang Norbuhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=50165-002 (Active)&officer= tnorbu@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanPhuentsholing26.85892 89.39048Private sector developmentEnvironmentally sustainable growthInclusive economic growthSome gender elements (SGE)24260000Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1515128.20Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance2125047.41Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1500323.88Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance830242.79Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1141322.41Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance901224.77Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance573547.32Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1356579.66Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1452494.67Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1691152.95Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1691152.95Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1063281.68Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance686699.48Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance928704.25Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance944134.50Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance560259.32Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance586895.43Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance556199.58Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance291671.44Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance613852.43Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance249148.77Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance447304.63Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance696453.40Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance-677878.51Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance715028.29Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance-715028.29Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance261.69Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Flood and erosion protection measures installed. Indicator: 4.36 km of climate and erosion-resilient river walls constructed to protect against 100-year probable flood (2018 baseline: 0). Achievement: 4.77 Progress/Status: Completed 4.77km climate and erosion-resilient river walls as on 30 November 2022. Data Source: Annual project progress reportsOutput: Flood and erosion protection measures installed. Indicator: At least 66 ha. of land reclaimed (2018 baseline: 0). Achievement: 66 Progress/Status: 66 ha. of land reclaimed. Data Source: Annual project progress reportsOutput: Flood and erosion protection measures installed. Indicator: A flood early warning system and flood management plan established and operational (2018 baseline: Not applicable). Progress/Status: Flood Early Warning System installed and operational. It was developed by NCHM and is under trail run (Q4 2025). Data Source: Annual project progress reports Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: YOutput: Municipal Infrastructure constructed. Indicator: 6 km of roads with footpaths, landscaping, and streetlights planned with at least 30% female participation during construction (2018 baseline: 0). Achievement: 6 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: Water treatment plant with a capacity of 3 MLD constructed (2018 baseline: 0). Achievement: 3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: 7 km of new primary and secondary water mains constructed (2018 baseline: 0). Achievement: 4.3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: 5.5 km of new sewer mains and 4 km of new storm drains constructed (2018 baseline: 0). Achievement: 4.9 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: A sewerage treatment plant with a capacity of 3 MLD constructed (2018 baseline: 0). Achievement: 3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: A resource recovery system for solid waste management installed (2018 baseline: 0). Achievement: Y Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress report Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: Y Actual value: YOutput: Municipal Infrastructure constructed. Indicator: 5 Unitized Substations constructed (2018 baseline: 0). Progress/Status: Ongoing under force account. Data Source: Annual project progress report Actual value: Output: Municipal Infrastructure constructed. Indicator: 16 circuit-km of 415-volt power distribution lines installed (2018 baseline: 0). Progress/Status: Completed and testing is pending. Data Source: Annual project progress report Actual value: Output: Municipal Infrastructure constructed. Indicator: 4 circuit-km of telecommunication transmission cables installed (2018 baseline: 0). Progress/Status: Completed and testing is pending. Data Source: Annual project progress report Actual value: Output: Township management systems installed. Indicator: At least 80% of township management staff report improved knowledge of modern urban management (2018 baseline: Not applicable). Progress/Status: The Sustainable Township Management Capacity Development consultant (CS05) had commenced service from March 2025. Data Source: Annual project progress reports Baseline year: 2018 Baseline value: Not applicable Baseline year: 2018 Baseline value: Not applicable Target year: 2025 Target value: 80Output: Township management systems installed. Indicator: An asset management system established with 100% of project infrastructure and facilities geocoded in a database (2018 baseline: Not applicable). Progress/Status: The Sustainable Township Management Capacity Development consultant (CS05) had commenced service from March 2025. Data Source: Annual project progress reports Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: YOutput: Township management systems installed. Indicator: At least 10 potential investors attend investor outreach campaigns (2018 baseline: Not applicable). Progress/Status: The Investor promotion and transaction advisory consultant (CS06) service had commenced from March 2025. Data Source: Annual project progress reports Actual value: Phuentsholing's urban area protected from floods and expanded with improved amenities and services.Phuentsholing and reclaimed land are protected from 100-year flood events in the Amochhu River (2018 baseline: No). Progress/Status: A 4.77km climate and erosion-resilient river wall was constructed on 30 November 2022. Data Source: Hydrology report at project completion Base year: 2018 Baseline value: NAt least 10% of fully serviced plots are tendered for development (2018 baseline: Not applicable). Progress/Status: Will be assessed during the preparation of project completion report. Data Source: Annual reports of DHI and CDCL Target value: 10% Actual value: XM-DAC-46004-50165-002-LN3668Asian Development BankThe proposed Amochhu Land Development and Township Project will develop 66 hectares (ha) of riparian land near the city of Phuentsholing that is located adjacent to the Amochhu River on Bhutans southwestern border with India. The project will provide protection from floods and erosion, and construct smart urban infrastructure to allow phased urban expansion. A modern township will be designed on modern sustainable principles of equity, livability, and competitiveness, and it will be integrated into the fabric of the existing municipality and preserve Bhutans unique architectural heritage. The project will also protect the existing and new towns from floods and riverbank erosion which currently threatens lives and livelihoods and disrupts connectivity with nearby communities.Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinanceDruk Holding and Investments LimitedAsian Development BankAsian Development BankTshewang Norbuhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=50165-002 (Active)&officer= tnorbu@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanPhuentsholing26.85892 89.39048Private sector developmentEnvironmentally sustainable growthInclusive economic growthSome gender elements (SGE)28740000Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance516940.85Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance65701.77Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance69391.23Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance91361.54Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance45432.05Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance38235.71Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance2099.28Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance57564.45Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance155402.23Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance79882.22Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance227178.32Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance133574.34Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance56811.72Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance184161.49Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance62060.76Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance99264.33Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance4297.60Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance51914.27Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance93412.87Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance112094.20Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance109934.56Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance23410.44Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance509696.07Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance76789.11Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1141059.43Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1290731.54Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance650060.07Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance550424.33Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1348139.27Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance861722.19Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance693523.40Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance131041.77Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance187677.89Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance2230124.63Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance130109.78Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance486767.20Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance260364.21Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance471041.77Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance831710.10Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance176105.26Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance193352.02Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance276738.57Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance329319.38Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance784738.68Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1678917.37Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance305364.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1069484.22Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance159222.32Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance165113.13Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance294287.90Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance539007.28Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance59455.19Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1019881.14Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance4048.38Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance4158.62Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance5486.71Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance9298.24Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance10297.98Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance12626.81Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance30102.11Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance47193.60Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance62233.43Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance68816.40Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance77814.11Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance91273.60Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance98424.79Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Flood and erosion protection measures installed. Indicator: 4.36 km of climate and erosion-resilient river walls constructed to protect against 100-year probable flood (2018 baseline: 0). Achievement: 4.77 Progress/Status: Completed 4.77km climate and erosion-resilient river walls as on 30 November 2022. Data Source: Annual project progress reportsOutput: Flood and erosion protection measures installed. Indicator: At least 66 ha. of land reclaimed (2018 baseline: 0). Achievement: 66 Progress/Status: 66 ha. of land reclaimed. Data Source: Annual project progress reportsOutput: Flood and erosion protection measures installed. Indicator: A flood early warning system and flood management plan established and operational (2018 baseline: Not applicable). Progress/Status: Flood Early Warning System installed and operational. It was developed by NCHM and is under trail run (Q4 2025). Data Source: Annual project progress reports Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: YOutput: Municipal Infrastructure constructed. Indicator: 6 km of roads with footpaths, landscaping, and streetlights planned with at least 30% female participation during construction (2018 baseline: 0). Achievement: 6 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: Water treatment plant with a capacity of 3 MLD constructed (2018 baseline: 0). Achievement: 3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: 7 km of new primary and secondary water mains constructed (2018 baseline: 0). Achievement: 4.3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: 5.5 km of new sewer mains and 4 km of new storm drains constructed (2018 baseline: 0). Achievement: 4.9 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: A sewerage treatment plant with a capacity of 3 MLD constructed (2018 baseline: 0). Achievement: 3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: A resource recovery system for solid waste management installed (2018 baseline: 0). Achievement: Y Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress report Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: Y Actual value: YOutput: Municipal Infrastructure constructed. Indicator: 5 Unitized Substations constructed (2018 baseline: 0). Progress/Status: Ongoing under force account. Data Source: Annual project progress report Actual value: Output: Municipal Infrastructure constructed. Indicator: 16 circuit-km of 415-volt power distribution lines installed (2018 baseline: 0). Progress/Status: Completed and testing is pending. Data Source: Annual project progress report Actual value: Output: Municipal Infrastructure constructed. Indicator: 4 circuit-km of telecommunication transmission cables installed (2018 baseline: 0). Progress/Status: Completed and testing is pending. Data Source: Annual project progress report Actual value: Output: Township management systems installed. Indicator: At least 80% of township management staff report improved knowledge of modern urban management (2018 baseline: Not applicable). Progress/Status: The Sustainable Township Management Capacity Development consultant (CS05) had commenced service from March 2025. Data Source: Annual project progress reports Baseline year: 2018 Baseline value: Not applicable Baseline year: 2018 Baseline value: Not applicable Target year: 2025 Target value: 80Output: Township management systems installed. Indicator: An asset management system established with 100% of project infrastructure and facilities geocoded in a database (2018 baseline: Not applicable). Progress/Status: The Sustainable Township Management Capacity Development consultant (CS05) had commenced service from March 2025. Data Source: Annual project progress reports Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: YOutput: Township management systems installed. Indicator: At least 10 potential investors attend investor outreach campaigns (2018 baseline: Not applicable). Progress/Status: The Investor promotion and transaction advisory consultant (CS06) service had commenced from March 2025. Data Source: Annual project progress reports Actual value: Phuentsholing's urban area protected from floods and expanded with improved amenities and services.Phuentsholing and reclaimed land are protected from 100-year flood events in the Amochhu River (2018 baseline: No). Progress/Status: A 4.77km climate and erosion-resilient river wall was constructed on 30 November 2022. Data Source: Hydrology report at project completion Base year: 2018 Baseline value: NAt least 10% of fully serviced plots are tendered for development (2018 baseline: Not applicable). Progress/Status: Will be assessed during the preparation of project completion report. Data Source: Annual reports of DHI and CDCL Target value: 10% Actual value: XM-DAC-46004-42229-016-LN3674Asian Development BankThe Secondary Towns Urban Development Project will improve water supply in three secondary towns of Samdrup Jongkhar, Sarpang, and Trashigang; improve sewerage in Samdrup Jongkhar; and develop drainage and road infrastructure in Sarpang's new satellite town. The project will support the strengthening of institutional capacity for the management and operation and maintenance (O&M) of municipal infrastructure assets and develop water tariff guidelines.Asian Development BankDepartment of Infrastructure DevelopmentDepartment of Macroeconomic Affairs, Ministry of FinanceAsian Development BankAsian Development BankTshewang Norbuhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=42229-016 (Active)&officer= szam@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanTrashigang Dzongkhag27.25 91.75Sarpang26.86395 90.26745Samdrup Jongkhar26.80069 91.50519Inclusive economic growthGovernance and capacity developmentEnvironmentally sustainable growthEffective gender mainstreaming (EGM)10000000Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development1000000.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development392087.28Asian Development BankDepartment of Infrastructure Development3548.41Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development6855.61Asian Development BankDepartment of Infrastructure Development798044.40Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development200000.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development1528609.77Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development19548.39Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development1324657.50Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development1123001.90Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development29553.03Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development804096.60Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development34179.87Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development899787.15Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development39340.31Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development39889.61Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development192820.56Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development171022.68Asian Development BankDepartment of Infrastructure Development46065.78Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development256594.95Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development127276.90Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development23551.68Asian Development BankDepartment of Infrastructure Development126583.26Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development-111199.89Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development3548.41Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development6855.61Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development10500.74Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development19548.39Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development29553.03Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development34179.87Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development34260.68Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development39340.31Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development39889.61Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development39502.69Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development40859.72Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development42185.60Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development45005.93Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development45414.64Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure Development0.00Asian Development BankDepartment of Infrastructure DevelopmentPerformanceFiduciaryOutput/s as listed by the project staff.Output: Capacity of institutions and local communities strengthened. Indicator: Samdrup Jongkhar, Sarpang, and Trashigang: Staged water tariff framework developed (2017 baseline: n.a.) Achievement: Y Progress/Status: Achieved. A staged water tariff framework was developed, and the executing agency is working to endorse the framework. Data Source: Quarterly progress reports, review mission reports, MOWHS annual reports Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2024 Target value: Y Actual value: YOutput: Capacity of institutions and local communities strengthened. Indicator: At least 3,500 people (at least 40% women) report improved knowledge on gender and public-health-related issues such as water conservation, solid-waste segregation and reduction, and water, sanitation, and hygiene (2017 baseline: 0) Achievement: 2061 Progress/Status: Partially achieved. A total of 2061 people were trained, 967 of whom were female, which is 51% of the total participants. Data Source: Quarterly progress reports, review mission reports, MOWHS annual reportsOutput: Capacity of institutions and local communities strengthened. Indicator: 50 staff from PMU and PIUs and other municipal units reported improved knowledge and skills in O&M and asset management of municipal infrastructure, of which at least 25% are women (2017 baseline: n.a.) Achievement: 42 Progress/Status: Achieved. A total of 51 staff, 17 female (33%), technicians, and engineers from PIU, Dzongkhag, and PMU, attended the training on O&M and asset management. Data Source: Quarterly progress reports, review mission reports, MOWHS annual reportsOutput: Capacity of institutions and local communities strengthened. Indicator: Project gender equality results monitored through GEMS of the National Commission for Women and Children (2017 baseline: n.a.) Progress/Status: The GAP team has incorporated gender indicators for STUDP in the GEMS monitoring database and oriented GAP and STUDP personnel to use the system. Data Source: Quarterly progress reports, review mission reports, MOWHS annual reports Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2025 Target value: YOutput: Urban infrastructure expanded and/or upgraded. Indicator: Samdrup Jongkhar, Sarpang, and Trashigang: A total of 46.8 km of additional water transmission lines constructed (2017 baseline: 32.3 km existing transmission lines) Achievement: 32.68 Progress/Status: Achieved - Total constructed 53.62 km (i) Sarpang - 12.31 km (ii) Rangjung - 7.43 km (iii) Trashigang - 1.2 km (iv) Samdrup Jongkhar - 3.77 km (v) Deothang - 28.91 km Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: 36.7 km of new distribution pipelines constructed (2017 baseline: 0 km distribution lines) Achievement: 17.30 Progress/Status: Achieved - Total constructed 44.62 km (i) Rangjung - 1.10 km (ii) Trashigang - 16.70 km (iv) Sarpang - 9.52 km (iii) Samdrup Jongkhar - 17.3 km Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: 2.5 km of existing water transmission pipelines upgraded and/or rehabilitated Achievement: 2.5 Progress/Status: Not achieved Samdrup Jongkhar - 0.4 km Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: Six new ground-level service reservoirs constructed with a total storage capacity of 1,300 cubic meters (2017 baseline:0) Achievement: 4 Progress/Status: Achieved. Total of 4 reservoirs with 910 m3 (i) Samdrup Jongkhar: 2 units reservoir (410 m3 & 100 m3) (ii) Trashigang: 1 reservoir (200 m3) (iii) Rangjung - 1 unit (200 m3) Two CWR one at Dewathang Pry School (169 m3) and other CWR at Army premises (275 m3) were constructed under Water Flagship Progrmme. Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: Two new water intake structures with 3.5 MLD capacity constructed (2017 baseline: 0) Achievement: 2.66 Progress/Status: Achieved - (i) Dewathang - 3 new water intake structures total capacity of 2.66MLD (Source 1- Morongchu1=1.06MLD, Source 2- Morongchu 2=1.06 MLD and Source 3- Lemsorong = 0.54MLD) (ii) Sarpang intake structure capacity 3.39MLD (iii) Rangjung intake structure capacity 1.22MLD (non-functional) Overall, 6.06 MLD was achieved, excluding the Rangjung Intake structure. Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: 150 cum Sand filtration water treatment system with compound fencing and gate constructed (2017 baseline: 0) Achievement: 1 Progress/Status: Since the WTP site was unfeasible as per the study conducted by the Department of Geology and Mines (DGM) in July 2023, a minor scope change was processed and approved for a Sand trap filtration plant to replace the WTP. The DMF output was replaced to "150 m3 sand filtration water treatment system with compound fencing and gate constructed." Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: One WTP upgraded to 1 MLD (2017 baseline: 1 WTP with 0.6 MLD capacity) Progress/Status: RGOB will undertake the upgrade of WTP under a separate fund. Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reports Actual value: Output: Urban infrastructure expanded and/or upgraded. Indicator: 800 new metered water supply connections provided (685 residential and 115 institutional) (2017 baseline: 0) Achievement: 383 Progress/Status: Achieved - 1056 new metered water connections (i) Samdrup Jongkhar - 383 (ii) Sarpang - 85 (iii) Trashigang - 415 (iv) Rangjung - 173 Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: 2.5 km of sewage collection pipelines constructed (2017 baseline: 0 km sewage collection pipeline) Achievement: 4.97 Progress/Status: Achieved Samdrup Jongkhar - 4.97km Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: 180 new sewerage connections provided in Samdrup Jongkhar (154 residential and 26 institutional), (2017 baseline: 0 connections) Achievement: 175 Progress/Status: Achieved - 175 numbers in Samdrup Jongkhar The target has been revised to 180 based on the site feasibility, and the indicator change was approved as a minor change. Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: 3.74 km of new roads constructed (2017 baseline: 0 km road) Achievement: 6.5 Progress/Status: Achieved: 6.5 km of new road completed in Sarpang. Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsOutput: Urban infrastructure expanded and/or upgraded. Indicator: 9.0 km of new and improved drains constructed (2017 baseline: 0 km drains) Achievement: 4.3 Progress/Status: Partially achieved: 4.3 km of new drain completed. Data Source: Quarterly progress reports, review mission reports, municipality statistics, and MOWHS annual reportsQuality, efficiency, and sustainability of urban services improved.Samdrup Jongkhar, Sarpang, and Trashigang towns: 24x7 water supply provided to 90% of household and institutions (2017 baseline: average 12 hours daily water supply provided to 60% of households and institutions). Progress/Status: It will be assessed during the PCR mission. Data Source: PMU project completion report Actual value: Nonrevenue water reduced to not more than 15% (2017 baseline: average 50%). Progress/Status: It will be assessed during the PCR mission. Data Source: PMU project completion report Actual value: 100% of annual O&M cost of project facilities financed by government transfers, revenues, and tariffs (Baseline: n/a). Progress/Status: It will be assessed during the PCR mission. Data Source: Financial statements of Sarpang and Trashigang dzongkhags and Samdrup Jongkhar thromde Base year: 2017 Baseline value: NSamdrup Jongkhar town: Collection of sewage increased to 75% (2017 baseline: 25%). Progress/Status: It will be assessed during the PCR mission. Data Source: PMU project completion report Actual value: Sarpang town: 8.5 hectares of urban land developed for mixed use (2017 baseline: 0). Achievement: 8.5 Progress/Status: Achieved. Data Source: PMU project completion report XM-DAC-46004-51141-002-GRNT0615Asian Development BankThe proposed assistance will enhance Bhutan's health system's overall performance. The proposal is aligned with priorities in the National Health Policy of the Ministry of Health (MOH) and will support the implementation of the upcoming Twelfth Five-Year Plan (2018-2022). The program is included in Asian Development Bank (ADB)'s Bhutan country operations business plan, 2016-2018, and reinforces ADB's inclusive growth agenda in the Midterm Review of Strategy 2020.Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinanceMinistry of HealthAsian Development BankAsian Development BankNidup Tsheringhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=51141-002 (Active)&officer= ntshering@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanParo27.4305 89.41334Samtse26.89903 89.09951Samdrup Jongkhar26.80069 91.50519Phuentsholing26.91389 89.42317Gelephu26.86833 90.48778Thimphu27.46609 89.64191Governance and capacity developmentPartnershipsInclusive economic growthRegional integrationEffective gender mainstreaming (EGM)14000000Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance5000000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance2000000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance7000000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinancePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Disease surveillance and HIS enhanced Indicator: By 2018, e-health strategy, which includes health data standards for routine capturing of sex-disaggregated data, developed and approved by MOH (2017 baseline: not approved) Progress/Status: e-Health strategy published after approval by 49th High Level Committee Meeting held on 29 June 2018 Data Source: Attested copy of the approved e-health strategy Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2018 Target value: YOutput: Disease surveillance and HIS enhanced Indicator: Of which at least 30% are female representative Actual value: Output: Disease surveillance and HIS enhanced Indicator: By 2018, executive order constituting a governing body for the national HIS issued by MOH (2017 baseline: not issued) Progress/Status: Executive order: MoH/PPD/PPMS-25/2018/972 dated 29 June 2018 constitutes the HIS governing body with ToR. Data Source: Attested copy of the executive order issued by MOH constituting the HIS governing body and setting out the terms of reference of its members Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2018 Target value: YOutput: Disease surveillance and HIS enhanced Indicator: By 2020, enterprise architecture for HIS developed and approved by MOH (2018 baseline: not approved) Progress/Status: Development of draft enterprise architecture for HIS completed. Finalized and and approved by HIS governing board and MOIC as per executive order DITT/34(8)/2020-21/440 dated 1 December 2020 Data Source: Attested copy of the blueprint document for the HIS enterprise architecture approved by the HIS governing body, MOH, and MOIC Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2020 Target value: YOutput: Disease surveillance and HIS enhanced Indicator: By 2020, technical standards for health data exchange incorporated in the e-GIF of MOIC (2018 baseline: no technical standards for health data exchange in e-GIF) Progress/Status: eHealth Standard has been incorporated into the eGIF as per Executive order DITT/34(8)/2020-21/440 dated 1 December 2020 Data Source: Attested copy of the approved technical standards for health data exchange and interoperability, and attested copy of the updated e-GIF in which these technical standards have been incorporated Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2020 Target value: YOutput: Primary health services, especially in underserved areas, improved Indicator: 100% of BHU-IIs in the country met WHO and/or UNICEF standards to maintain the vaccine cold chain (2018 baseline: 0%; 0 out of 184 BHU-IIs nationwide) Progress/Status: Compeleted Data Source: DHO and PMPSU annual health facility reports, WHO Service Availability and Readiness Assessment, UNICEF effective vaccine management reports Actual value: Output: Primary health services, especially in underserved areas, improved Indicator: 100% of the BHU-II in target districts adequately equipped with health care waste management facilities per national standards (2018 baseline: 6%, 5 out of 85 BHU-IIs) Progress/Status: Completed Data Source: DHO annual health facility reports; WHO Service Availability and Readiness Assessment Actual value: Output: Primary health services, especially in underserved areas, improved Indicator: 100% of BHU-II staff in target districts, at least 30% of whom are women, trained in BHSQA (2018 baseline: 0%; 0 out of 255 BHU-II staff) Progress/Status: BHSQA standard is being rolled out and target has been achieved. Data Source: Annual QASD training reports Actual value: Output: Primary health services, especially in underserved areas, improved Indicator: Five new urban satellite clinics with gender-responsive design constructed (2018 baseline: 0) Progress/Status: Gender responsive design included in drawing and estimates of satellite clinics including separate OPD toilets.5 satellite clinics are completed. Data Source: PMPSU progress reports Actual value: Output: Primary health services, especially in underserved areas, improved Indicator: 100% of the BHU-II (staff in target districts, sex-disaggregated, trained in interpersonal communication skills and skills to identify and support victims of gender-based violence (2018 baseline: 0%; 0 out of 255 BHU-II staff) Progress/Status: Target is achieved. Data Source: Annual HPD training reports Actual value: Output: Support for health sector financing enhanced Indicator: By 2018, a budget of at least Nu500 million allocated by the Government of Bhutan to the BHTF (2017 baseline: not allocated) Progress/Status: Government allocated Nu.500 million on 2 February 2018, vide Cheque no. 010239. Data Source: Attested copy of the Government of Bhutan's annual budget appropriations for FY2017-2018, which include an allocation of at least Nu500 million Baseline year: 2017 Baseline value: 0 Target year: 2018 Target value: Nu500 millionOutput: Support for health sector financing enhanced Indicator: Of which 30% are female Actual value: Output: Support for health sector financing enhanced Indicator: By 2018, cabinet order delinking the BHTF from the RCSC issued (2017 baseline: not issued) Progress/Status: Cabinet order C-3/163/074 dated 12 July 2018 delinks BHTF from RCSC. Data Source: Attested copy of the cabinet order delinking the BHTF from the RCSC Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2018 Target value: YOutput: Support for health sector financing enhanced Indicator: By 2018, BIA report that includes an assessment on equity of public benefits in obstetric care approved by MOH (2017 baseline: not approved) Progress/Status: BIA published after approval by 48th high level committee meeting held on 8 June 2018. Data Source: Attested copy of the BIA report and assessment approved by MOH Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2018 Target value: YOutput: Support for health sector financing enhanced Indicator: By 2020, investment strategy for the BHTF approved by the BHTF board (2018 baseline: not approved) Progress/Status: BHTF with identified consultants have completed the task and will be endorsed by the new board, however there is a delay due to COVD-19 as the board has not been able to meet. BHTF submitted to BHRM and it is under review. Data Source: Attested copies of the investment strategy and minutes of the BHTF's board meeting approving the investment strategy Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2020 Target value: YOutput: Support for health sector financing enhanced Indicator: By 2020, 100% of BHTF technical staff signed BHTF appointment papers (2018 baseline: 0) Progress/Status: BHTF recruited all required staff. BHTF has 7 staff in total with 2 female employee (28.6% are women). Data Source: Attested copy from the BHTF on key staff appointments Actual value: Output: Support for health sector financing enhanced Indicator: By 2020, gender-sensitive national health bill submitted to Parliament (2018 baseline: not submitted) Progress/Status: MOH has received the approval from the Cabinet for onward submission of the health bill for the Parliament session. MOH has submitted to Cabinet Data Source: Attested copy of the Government of Bhutan's submission to the Parliament of the national health bill Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2020 Target value: YEquitable access, efficiency, and financial sustainability of the health system improvedInstitutional deliveries in the eight target districts increased to 70% Achievement: 98% Progress/Status: Institutional deliveries in the 8 target districts increased to 98% Data Source: MOH annual health bulletin, National Health Survey Actual value: 98%National immunization coverage of children, disaggregated by sex, sustained at 95% Progress/Status: National immunization coverage of children, disaggregated sex, currently at 94% Data Source: MOH annual health bulletin, National Health Survey Actual value: Population using primary-level care facilities (BHU-II and below) as first contact increased to 60% Progress/Status: Achievement of outcome will be assessed at project completion. Data Source: National Health Survey Actual value: 100% of annual cost of drugs and required vaccines financed by the BHTF Progress/Status: 100% financed for 2018-19, 2019-20, 2020-21, 2021-22 (as per BHTF record). Data Source: BHTF annual reports Actual value: Health facilities reporting notifiable diseases to the National Early Warning, Alert and Response Surveillance System increased to 80% Progress/Status: 84% ( RCDC 3rd Quarter, 2022 Bulletin) Data Source: RCDC quarterly bulletins Actual value: XM-DAC-46004-50296-002-GRNT0596Asian Development BankThe project will support the government in expanding and upgrading the technical and vocational education and training (TVET) system for modern, diversified, and job-oriented skills development. Bhutan, a landlocked country with a population of 780,000, has made great strides in basic education, and it now needs to accelerate the development of a skilled workforce to meet the economic needs for competitiveness and sustained growth. Bhutan's Twelfth Five-Year Plan, 2018-2023 prioritizes skills development for jobs.Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinanceMinistry of Education & Skills DevelopmentMinistry of Education and Skills DevelopmentMinistry of Labour and Human ResourcesAsian Development BankAsian Development BankRyotaro Hayashihttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=50296-002 (Active)&officer= ntshering@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanBhutan27.38626 90.42845Inclusive economic growthEnvironmentally sustainable growthPrivate sector developmentPartnershipsKnowledge solutionsEffective gender mainstreaming (EGM)15000000Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance97407.13Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance14681.25Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance4893.75Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance199948.45Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1633492.76Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance13920.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance13920.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance38576.97Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance427255.05Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1180907.42Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance522131.30Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance615164.30Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1310957.44Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1448253.04Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance-2448253.04Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1480588.08Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1396222.97Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1396222.97Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance878115.77Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance-3754926.82Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance650094.20Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance588623.93Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1082563.18Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1000000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance519240.74Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance30470.46Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Access to skills development increased Indicator: Of which 32% are female Actual value: Output: Access to skills development increased Indicator: TTI infrastructure facilities improved at TTI Thimphu and TTI Samthang, benefiting 830 students, including an additional 250 students enrolled during the project period (2017 baseline: 152 students enrolled in TTI Thimphu and TTI Samthang) Progress/Status: All constructions are completed TTI Thimphu- Expected enrolment capacity of 304 once completed. Data Source: Project progress report; admission records of TTIs to track increase in enrollments Actual value: Output: Access to skills development increased Indicator: Advanced and green technology equipment and tools, including IT equipment and e-resources provided in 5 TTIs, benefiting 2,200 students, including an additional 450 students enrolled during the project (2017 baseline: 466 students enrolled; 29% female) Progress/Status: All tools and equipment supplied and completed. Data Source: Project progress report Actual value: Output: Access to skills development increased Indicator: At least 6 new middle- and advanced-level courses in diversified disciplines introduced in 5 TTIs, benefiting 250 studentsc (2017 baseline: not applicable) Progress/Status: 10 new courses developed, of which, 4 introduced: Welding NC3 Mechanical Fitter NC3 Auto Electrical NC3 Heavy Mechanic NC3 Construction Supervisor ND Digital and Precision Engineering (CNC Mechanist) NC2 Cyber and network security ND Automobile workshop supervisor ND Mobile Robotics NCII (validation) Upholstery NCII (validation) Data Source: Project progress report; TVET MIS Actual value: Output: Governance and institutional capacity for TVET improved Indicator: Integrated and web-based MIS for TVET and employment services portal made operational (2017 Baseline: multiple stand-alone MISs) Progress/Status: Completed and Operational since May, 2023. All applications to the TTIs and TVET courses offered by private training providers are received through the MIS. Weblink of the TVET MIS as below: https://blmis.gov.bt/tvet/ Data Source: Project progress report with data disaggregated for gender Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2023 Target value: YOutput: Governance and institutional capacity for TVET improved Indicator: International partnership for capacity development established in one TTI (Baseline: not applicable) Progress/Status: Tripartite MOU on Cooperation in TVET with a focus on Wood Engineering Technology between MoESD, Bern University of Applied Sciences, and Centre for Sustainable Development and Cooperation, Switzerland signed on 24 January 2024. Data Source: Project progress report with data disaggregated for gender Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2023 Target value: YOutput: Quality and relevance of skills development enhanced Indicator: Of which 30% of trained trainers are female Baseline year: 2017 Baseline value: Not applicable Baseline year: 2017 Baseline value: Not applicable Target year: 2023 Target value: 30Output: Quality and relevance of skills development enhanced Indicator: Improved training of trainer programs with workplace experience provided to 60% trainers in TTIs (Baseline: not applicable) Progress/Status: 72% trainers trained (33% female) as of 2023. Data Source: Project progress report Actual value: Output: Quality and relevance of skills development enhanced Indicator: of which 30% are female Baseline year: 2017 Baseline value: Not applicable Baseline year: 2017 Baseline value: Not applicable Target year: 2023 Target value: 30Output: Quality and relevance of skills development enhanced Indicator: Of which 32% are Female Baseline year: 2017 Baseline value: Not applicable Baseline year: 2017 Baseline value: Not applicable Target year: 2023 Target value: 32Output: Quality and relevance of skills development enhanced Indicator: Of which 5% are student with disabilities Baseline year: 2017 Baseline value: Not applicable Baseline year: 2017 Baseline value: Not applicable Target year: 2023 Target value: 5Output: Quality and relevance of skills development enhanced Indicator: Private sector partnership for skills delivery in emerging occupations implemented, benefiting 800 youth (32% female and 5% students with disabilities) (Baseline: not applicable) Progress/Status: 986 youths trained to date (75PWDs) (52% female; 7.6% PWDs). Critical Skills Training year 4 completed Data Source: Project progress report Actual value: Output: Quality and relevance of skills development enhanced Indicator: Improved teaching and learning resources, particularly e-resources, made operational in 5 TTIs to develop future-ready skills in graduates (Baseline: not applicable) Progress/Status: Completed Data Source: Project progress report Actual value: Output: Quality and relevance of skills development enhanced Indicator: Improved training of trainer programs for improving health and safety of trainings provided to 60% trainers in TTIs Progress/Status: Completed Data Source: Project progress report Baseline year: 2017 Baseline value: Not applicable Baseline year: 2017 Baseline value: Not applicable Target year: 2023 Target value: 60Output: Vocational orientation of secondary school students improved Indicator: Of which 32% are female Baseline year: 2017 Baseline value: Not applicable Baseline year: 2017 Baseline value: Not applicable Target year: 2023 Target value: 32Output: Vocational orientation of secondary school students improved Indicator: TVET elective subjects piloted in seven TVET premier schools (linked to TTIs) to improve skills of secondary school students in grades 9-12, benefiting 400 students (Baseline: not applicable) Progress/Status: Benefitted 552 students (as of June 2023) -51.3% female Data Source: Department of School Education MIS Actual value: Output: Vocational orientation of secondary school students improved Indicator: Of which 40% are female Baseline year: 2017 Baseline value: Not applicable Baseline year: 2017 Baseline value: Not applicable Target year: 2023 Target value: 40Output: Vocational orientation of secondary school students improved Indicator: Career guidance services with exposure to the world of work introduced in all secondary schools (grades 7-12) benefiting 30,000 students (Baseline: not applicable) Progress/Status: 194 school counsellors and principals were trained. Trained career counsellors and career guidance support is expected to reach out to 23,779** students (53% girls) in 176 schools. Data Source: Project progress report and/or impact assessment survey Actual value: Output: Vocational orientation of secondary school students improved Indicator: IT-enabled teaching and learning to improve foundational skills of grade 7-12 students in seven TVET pilot schools made operational, benefiting 2,500 students (Baseline: not applicable) Progress/Status: 4,418 students (48%F) of 7 TVET premier schools expected to benefit from improved IT enabled teaching and learning. Data Source: Project progress report and/or impact assessment survey Actual value: Employability of TVET graduates and secondary school graduates improved60% of TTI graduates employed or self-employed within 6 months of completing their course (30% of employed graduates are female) (2016 baseline: 55%) Progress/Status: Will be assessed during the preparation of project completion report. Data Source: TVET MIS and tracer studies and/or impact assessment survey Actual value: 60% of secondary school graduates with TVET electives employed or enrolled in higher TVET courses within 6 months of completing their course (30% of employed or enrolled graduates are female) (Baseline: to be established in 2018) Progress/Status: Will be assessed during the preparation of project completion report. Data Source: Trace studies and/or impact assessment survey Actual value: At least 60% of employers surveyed expressed satisfaction with TVET graduates (Baseline: to be established in 2018) Progress/Status: Will be assessed during the preparation of project completion report. Data Source: Employer satisfaction survey Actual value: XM-DAC-46004-51141-002-GRNT0616Asian Development BankThe proposed assistance will enhance Bhutan's health system's overall performance. The proposal is aligned with priorities in the National Health Policy of the Ministry of Health (MOH) and will support the implementation of the upcoming Twelfth Five-Year Plan (2018-2022). The program is included in Asian Development Bank (ADB)'s Bhutan country operations business plan, 2016-2018, and reinforces ADB's inclusive growth agenda in the Midterm Review of Strategy 2020.Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinanceMinistry of HealthAsian Development BankAsian Development BankNidup Tsheringhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=51141-002 (Active)&officer= ntshering@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanParo27.4305 89.41334Samtse26.89903 89.09951Samdrup Jongkhar26.80069 91.50519Phuentsholing26.91389 89.42317Gelephu26.86833 90.48778Thimphu27.46609 89.64191Governance and capacity developmentPartnershipsInclusive economic growthRegional integrationEffective gender mainstreaming (EGM)6000000Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance922560.94Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance50438.20Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance648954.39Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance-23800.22Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance425985.22Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance769953.18Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance402418.24Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1172371.42Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance-1172371.42Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance691372.37Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance691372.37Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance80953.96Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance-772326.33Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance221898.37Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance147678.47Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance469916.09Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance40481.69Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1597380.01Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Disease surveillance and HIS enhanced Indicator: By 2018, e-health strategy, which includes health data standards for routine capturing of sex-disaggregated data, developed and approved by MOH (2017 baseline: not approved) Progress/Status: e-Health strategy published after approval by 49th High Level Committee Meeting held on 29 June 2018 Data Source: Attested copy of the approved e-health strategy Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2018 Target value: YOutput: Disease surveillance and HIS enhanced Indicator: Of which at least 30% are female representative Actual value: Output: Disease surveillance and HIS enhanced Indicator: By 2018, executive order constituting a governing body for the national HIS issued by MOH (2017 baseline: not issued) Progress/Status: Executive order: MoH/PPD/PPMS-25/2018/972 dated 29 June 2018 constitutes the HIS governing body with ToR. Data Source: Attested copy of the executive order issued by MOH constituting the HIS governing body and setting out the terms of reference of its members Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2018 Target value: YOutput: Disease surveillance and HIS enhanced Indicator: By 2020, enterprise architecture for HIS developed and approved by MOH (2018 baseline: not approved) Progress/Status: Development of draft enterprise architecture for HIS completed. Finalized and and approved by HIS governing board and MOIC as per executive order DITT/34(8)/2020-21/440 dated 1 December 2020 Data Source: Attested copy of the blueprint document for the HIS enterprise architecture approved by the HIS governing body, MOH, and MOIC Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2020 Target value: YOutput: Disease surveillance and HIS enhanced Indicator: By 2020, technical standards for health data exchange incorporated in the e-GIF of MOIC (2018 baseline: no technical standards for health data exchange in e-GIF) Progress/Status: eHealth Standard has been incorporated into the eGIF as per Executive order DITT/34(8)/2020-21/440 dated 1 December 2020 Data Source: Attested copy of the approved technical standards for health data exchange and interoperability, and attested copy of the updated e-GIF in which these technical standards have been incorporated Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2020 Target value: YOutput: Primary health services, especially in underserved areas, improved Indicator: 100% of BHU-IIs in the country met WHO and/or UNICEF standards to maintain the vaccine cold chain (2018 baseline: 0%; 0 out of 184 BHU-IIs nationwide) Progress/Status: Compeleted Data Source: DHO and PMPSU annual health facility reports, WHO Service Availability and Readiness Assessment, UNICEF effective vaccine management reports Actual value: Output: Primary health services, especially in underserved areas, improved Indicator: 100% of the BHU-II in target districts adequately equipped with health care waste management facilities per national standards (2018 baseline: 6%, 5 out of 85 BHU-IIs) Progress/Status: Completed Data Source: DHO annual health facility reports; WHO Service Availability and Readiness Assessment Actual value: Output: Primary health services, especially in underserved areas, improved Indicator: 100% of BHU-II staff in target districts, at least 30% of whom are women, trained in BHSQA (2018 baseline: 0%; 0 out of 255 BHU-II staff) Progress/Status: BHSQA standard is being rolled out and target has been achieved. Data Source: Annual QASD training reports Actual value: Output: Primary health services, especially in underserved areas, improved Indicator: Five new urban satellite clinics with gender-responsive design constructed (2018 baseline: 0) Progress/Status: Gender responsive design included in drawing and estimates of satellite clinics including separate OPD toilets.5 satellite clinics are completed. Data Source: PMPSU progress reports Actual value: Output: Primary health services, especially in underserved areas, improved Indicator: 100% of the BHU-II (staff in target districts, sex-disaggregated, trained in interpersonal communication skills and skills to identify and support victims of gender-based violence (2018 baseline: 0%; 0 out of 255 BHU-II staff) Progress/Status: Target is achieved. Data Source: Annual HPD training reports Actual value: Output: Support for health sector financing enhanced Indicator: By 2018, a budget of at least Nu500 million allocated by the Government of Bhutan to the BHTF (2017 baseline: not allocated) Progress/Status: Government allocated Nu.500 million on 2 February 2018, vide Cheque no. 010239. Data Source: Attested copy of the Government of Bhutan's annual budget appropriations for FY2017-2018, which include an allocation of at least Nu500 million Baseline year: 2017 Baseline value: 0 Target year: 2018 Target value: Nu500 millionOutput: Support for health sector financing enhanced Indicator: Of which 30% are female Actual value: Output: Support for health sector financing enhanced Indicator: By 2018, cabinet order delinking the BHTF from the RCSC issued (2017 baseline: not issued) Progress/Status: Cabinet order C-3/163/074 dated 12 July 2018 delinks BHTF from RCSC. Data Source: Attested copy of the cabinet order delinking the BHTF from the RCSC Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2018 Target value: YOutput: Support for health sector financing enhanced Indicator: By 2018, BIA report that includes an assessment on equity of public benefits in obstetric care approved by MOH (2017 baseline: not approved) Progress/Status: BIA published after approval by 48th high level committee meeting held on 8 June 2018. Data Source: Attested copy of the BIA report and assessment approved by MOH Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2018 Target value: YOutput: Support for health sector financing enhanced Indicator: By 2020, investment strategy for the BHTF approved by the BHTF board (2018 baseline: not approved) Progress/Status: BHTF with identified consultants have completed the task and will be endorsed by the new board, however there is a delay due to COVD-19 as the board has not been able to meet. BHTF submitted to BHRM and it is under review. Data Source: Attested copies of the investment strategy and minutes of the BHTF's board meeting approving the investment strategy Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2020 Target value: YOutput: Support for health sector financing enhanced Indicator: By 2020, 100% of BHTF technical staff signed BHTF appointment papers (2018 baseline: 0) Progress/Status: BHTF recruited all required staff. BHTF has 7 staff in total with 2 female employee (28.6% are women). Data Source: Attested copy from the BHTF on key staff appointments Actual value: Output: Support for health sector financing enhanced Indicator: By 2020, gender-sensitive national health bill submitted to Parliament (2018 baseline: not submitted) Progress/Status: MOH has received the approval from the Cabinet for onward submission of the health bill for the Parliament session. MOH has submitted to Cabinet Data Source: Attested copy of the Government of Bhutan's submission to the Parliament of the national health bill Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2020 Target value: YEquitable access, efficiency, and financial sustainability of the health system improvedInstitutional deliveries in the eight target districts increased to 70% Achievement: 98% Progress/Status: Institutional deliveries in the 8 target districts increased to 98% Data Source: MOH annual health bulletin, National Health Survey Actual value: 98%National immunization coverage of children, disaggregated by sex, sustained at 95% Progress/Status: National immunization coverage of children, disaggregated sex, currently at 94% Data Source: MOH annual health bulletin, National Health Survey Actual value: Population using primary-level care facilities (BHU-II and below) as first contact increased to 60% Progress/Status: Achievement of outcome will be assessed at project completion. Data Source: National Health Survey Actual value: 100% of annual cost of drugs and required vaccines financed by the BHTF Progress/Status: 100% financed for 2018-19, 2019-20, 2020-21, 2021-22 (as per BHTF record). Data Source: BHTF annual reports Actual value: Health facilities reporting notifiable diseases to the National Early Warning, Alert and Response Surveillance System increased to 80% Progress/Status: 84% ( RCDC 3rd Quarter, 2022 Bulletin) Data Source: RCDC quarterly bulletins Actual value: XM-DAC-46004-51252-003-LN3863Asian Development BankThe proposed Financial Market Development Program will support the Government of Bhutan in adopting reforms to enhance the efficiency, stability, and inclusiveness of the finance sector. The proposed program will consist of two subprograms designed to provide continuous support for the government's finance sector reforms. The program outputs include (i) nonbank financial system developed; (ii) stability and integrity of the financial system strengthened; and (iii) financial inclusion promoted.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankChandrasekera Mudalige Manohari Gunawardhenahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=51252-003 (Closed)&officer= ntshering@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanBhutan27.38626 90.42845Addressing remaining poverty and reducing inequalitiesAccelerating progress in gender equalityStrengthening governance and institutional capacityInclusive economic growthPrivate sector developmentGovernance and capacity developmentSome gender elements (SGE)30000000Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance30000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance123333.33Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Financial inclusion promoted Indicator: The National Financial Inclusion steering committee endorsed the action plan for implementing the National Financial Inclusion Strategy by 2019 (2018 baseline: 0) Data Source: RMA annual report and website Actual value: Output: Financial inclusion promoted Indicator: RMA completed mapping of financial literacy curriculum framework by 2019 (2018 baseline: 0) Data Source: RMA annual report and website Actual value: Output: Financial inclusion promoted Indicator: The Inclusive Green Finance scheme established by 2020 (2018 baseline: 0) Data Source: RMA annual report and website Actual value: Output: Financial inclusion promoted Indicator: Strategy for warehouse receipt financing adopted by 2021 (2018 baseline: 0) Data Source: RSEB and RMA annual reports and websites Actual value: Output: Financial inclusion promoted Indicator: At least 32% of the participants in financial literacy training seminars funded under the TRTA are women during 2020-2021 (2018 baseline: 0) Data Source: RMA annual report and website Actual value: Output: Nonbank financial system developed Indicator: Rules and regulations for issuing a medium- to long-term government bonds adopted by 2021 (2018 baseline: 0) Data Source: MoF resolution and website Actual value: Output: Nonbank financial system developed Indicator: National pension policy adopted by 2019 (2018 baseline: 0) Data Source: NPPF annual report and website Actual value: Output: Nonbank financial system developed Indicator: Revised regulations for issuing corporate bonds adopted by 2021 (2018 baseline: 0) Data Source: Officer of the Registrar's resolution and website Actual value: Output: Nonbank financial system developed Indicator: Policies addressing women's constraints in accessing housing finance approved by RMA by 2021 (2018 baseline: 0). Data Source: RMA annual report and website Actual value: Output: Nonbank financial system developed Indicator: The proportion of female beneficiaries of pension coverage is at least 20% by 2021 (2018 baseline: 16%) Data Source: NPPF annual report and website. Actual value: Output: Stability and integrity of the financial system strengthened Indicator: RMA conducted stress testing of 5 commercial banks by 2019 (2018 baseline: 0) Data Source: RMA resolutions, annual report and website. Actual value: Output: Stability and integrity of the financial system strengthened Indicator: Increased financial institutions' compliance with the Financial Action Task Forces AML/CFT standards on customer due diligence (CDD) and suspicious transaction reporting (STR) by 2021 (2018 baseline: APG MER 2016 ratings: CDD-Compliant; STR-Partially Compliant) Data Source: RMA resolutions, annual report and website. Actual value: Output: Stability and integrity of the financial system strengthened Indicator: Cyber security framework and business continuity plan are adopted by the RMA and financial institutions by 2021 (2018 baseline: 0) Data Source: RMA resolutions, annual report and website. Actual value: Output: Stability and integrity of the financial system strengthened Indicator: Online AML/CFT reporting system is operationalized by 2020 (2018 baseline: 0) Data Source: RMA resolutions, annual report and website. Actual value: Stability, efficiency, and inclusiveness of the finance sector enhancedCapital adequacy ratio of banks is at least 18.0% by 2022 (December 2018 baseline: 15.1% and minimum regulatory requirement is 12.5%) Data Source: Annual report of the Royal Monetary Authority of Bhutan Actual value: Year-on-year growth of private sector credit reaches 20.0% by 2021 (2018 baseline: 15.4%) Data Source: Annual report of the Royal Monetary Authority of Bhutan Actual value: Share of adults who have access to credit reaches 20.0% by 2021 (2018 baseline: 16.0% out of which 56.0% are male and 44.0% are female) Data Source: Annual report of the Royal Monetary Authority of Bhutan Actual value: XM-DAC-46004-54183-001-LN3914Asian Development BankThe COVID-19 Active Response and Expenditure Support (CARES) Program will support the Royal Government of Bhutan's fiscal and monetary measures under the Economic Contingency Plan (ECP), comprising three broad approaches: (i) social relief, (ii) fiscal and monetary measures, and (iii) targeted interventions. The CARES Program aims to provide critically needed assistance to the Kingdom of Bhutan in mitigating immediate adverse effects of COVID-19 on businesses and the population, especially the women and vulnerable groups. The expenditure plan of the program has a strong gender focus including loans with 3-month deferred payments and micro loans at concessional rates targeting women and cottage and small industries. The program will also support establishing the National Resilient Fund, through which the ECP will be channeled, with a gender-, age-, and disability targeting and monitoring system.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankTshewang Norbuhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=54183-001 (Closed)&officer= tnorbu@adb.org&division= Bhutan Resident Mission (BHRM)&projectcountry= BhutanBhutan27.38626 90.42845Fostering regional cooperation and integrationStrengthening governance and institutional capacityAccelerating progress in gender equalityAddressing remaining poverty and reducing inequalitiesInclusive economic growthGovernance and capacity developmentRegional integrationEffective gender mainstreaming (EGM)20000000Asian Development BankMinistry of Finance20000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance68888.89Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance100000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Economic stimulus for productive sectors provided Indicator: By June 2021 Data Source: MOF national budget report and national revenue report Actual value: Output: Economic stimulus for productive sectors provided Indicator: By June 2021 Data Source: Annual Report, Bhutan Development Bank Limited Actual value: Output: Inclusive relief measures for the vulnerable groups implemented Indicator: By June 2021 Data Source: Resilience Fund document published on MOF website Baseline year: 2020 Baseline value: not applicable Baseline year: 2020 Baseline value: not applicable Target year: 2021 Target value: NOutput: Inclusive relief measures for the vulnerable groups implemented Indicator: By June 2021 Data Source: MOF budget report Baseline year: 2020 Baseline value: not applicable Baseline year: 2020 Baseline value: not applicable Target year: 2021 Target value: 16000000Effect of the Program Immediate adverse effects of COVID-19 on businesses and the population mitigatedBy December 2021 Data Source: MOF budget and revenue reports Actual value: By December 2021 Data Source: MOF budget and revenue reports Actual value: By December 2021 Data Source: MOF budget and revenue reports Actual value: XM-DAC-46004-51252-004-LN3992Asian Development BankThe Financial Market Development Program (FMDP) is a series of interventions designed to develop the financial markets of Bhutan using the modality of a Policy Based Loan (PBL) with programmatic approach. The program identified three selected areas as outputs to address identified causes to solve the core problem of efficient financial intermediation, viz improved non-banking financial sector, strengthened stability and integrity of the financial system and improved financial inclusion. The project has three subprograms (SP) with linked policy actions. Following on what has been achieved in the previous program and discussions with the government , new areas were added under a SP3 within the same FMDP. SP1 has already been delivered. We ae seeking board approval for SP2 which was outlined at the time of SP1, and the additional SP3. A revised post program engagement framework too has been included to ensure the sustainability and continued success of the policy actions.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankChandrasekera Mudalige Manohari Gunawardhenahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=51252-004 (Active)&officer= mgunawardhena@adb.org&division= Finance Sector Office (SG-FIN)&projectcountry= BhutanBhutan27.38626 90.42845Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityStrengthening governance and institutional capacityAddressing remaining poverty and reducing inequalitiesAccelerating progress in gender equalityGovernance and capacity developmentPartnershipsInclusive economic growthSome gender elements (SGE)30000000Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance30000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance129166.67Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Output: Financial inclusion promoted Indicator: Formal consumer grievance redress mechanisms established by financial service providers (comprising 5 banks, 3 insurance companies, and 6 microfinance institutes) established. Data Source: RMA annual report and website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Financial inclusion promoted Indicator: Action plan for the National Financial Literacy Strategy, 2018-2023 and National Financial Inclusion Strategy, 2018-2023, approved by RMA which includes: (i) the responsible agencies and clear timelines for the development of a gender-responsive and socially inclusive financial literacy program; (ii) surveys conducted on demand and use of financial products used by women and various groups, and ensure data and analysis disaggregated by sex; (iii) financial literacy curriculum framework expanded beyond mainstream education and local government to include nonformal education and technical and vocational education and training; and (iv) strategy developed for warehouse receipt financing to promote better access to finance for farmers, using warehouse receipts as collateral. Data Source: RMA annual report and website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Financial inclusion promoted Indicator: Inclusive Green Finance Roadmap which will have milestones of how it will be established through RMA regulations and supervision by RMA on financial institutions offering Green Finance approved by RMA. Data Source: RMA annual report and website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Financial inclusion promoted Indicator: At least 40% of the participants in awareness building activities during December 2020 - March 2022 with enhanced knowledge on financial literacy are women. Data Source: Survey of training participants Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Nonbank financial system developed Indicator: Rules and regulations for long-term government bond issuance approved by the MOF Data Source: MOF resolution and website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Nonbank financial system developed Indicator: First domestic long-term bond issued by the government Data Source: MOF resolution and website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Nonbank financial system developed Indicator: Revised regulations for corporate bonds and commercial paper issuance liberalizing issuance requirements approved by the Office of the Registrar Data Source: MOF resolution and website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Nonbank financial system developed Indicator: Long-term strategy for public housing with financing mechanisms including (i) fiscal measures and incentives for affordable housing (MOF); and (ii) a policy addressing constraints faced by women in accessing housing finance, approved by the MOWHS. Data Source: RMA directive Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Nonbank financial system developed Indicator: The proposed amendments to the Financial Services Act 2011, including provisions allowing composite insurance by the insurance companies, endorsed by RMA board. Data Source: MOF resolution and website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Nonbank financial system developed Indicator: Strategy for the expansion of coverage to the private sector and self-employed individuals, of whom 61% consist of women, covering the following: (i) licensing requirements of pension providers, (ii) identified pension and provident fund service providers, and (iii) defined roles and responsibilities for schemes and fund managers approved by MOF Data Source: MOF and RMA websites Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Nonbank financial system developed Indicator: Rules and regulations on: (i)licensing requirements for pension and provident fund service providers, (ii) defined roles and responsibilities for scheme and fund managers provided by RMA Data Source: Royal Securities Exchange of Bhutan and Office of the Registrar website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Stability and integrity of the financial system strengthened Indicator: Online anti-money-laundering reporting system operationalized by all financial institutions to ensure integrity and efficiency of transmission of the information submitted to RMA. Data Source: RMA website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Stability and integrity of the financial system strengthened Indicator: Risk profiling and assessment of all commercial banks to ensure that commercial banks risk reporting is standardized and meets prudential reporting requirements consistently under risk based supervision is implemented by RMA. Data Source: RMA directives, annual report, and website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Stability and integrity of the financial system strengthened Indicator: Revised Prudential Regulations to incorporate the International Financial Reporting Standards 9 on impairment of loans, which requires financial institutions to recognize and provide for credit losses for financial statement reporting purposes approved by RMA Data Source: RMA website Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YOutput: Stability and integrity of the financial system strengthened Indicator: Cybersecurity controls and actions indicated in Annexure 1 to the RMA directive are implemented. Data Source: RMA directive Baseline year: 2017 Baseline value: N Baseline year: 2017 Baseline value: N Target year: 2020 Target value: YStability, depth, and inclusiveness of the finance sector enhancedVolume of bonds traded in the capital market increased Data Source: Royal Securities Exchange of Bhutan annual report Actual value: Year-on-year growth of private sector credit by commercial banks increased during 2019-2023 Data Source: RMA monthly bulletin on the RMA website Actual value: Share of adults who have access to credit Data Source: RMA annual report Actual value: XM-DAC-46004-53307-001-LN4042Asian Development BankThe 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), Bhutan's key rural finance intermediary; (ii) extending, through BDB, non-collateral-based group loans to rural CSIs that lack assets; (iii) strengthening BDB's institutional capacity, including enhancement for rural CSI financing operations; and (iv) providing financial literacy training and business development support to rural CSIs, in particular CSIs owned by small and marginal farmers and women.Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinanceAsian Development BankAsian Development BankMayumi Ozakihttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=53307-001 (Active)&officer= mgunawardhena@adb.org&division= Finance Sector Office (SG-FIN)&projectcountry= BhutanBhutan27.38626 90.42845Accelerating progress in gender equalityStrengthening governance and institutional capacityAddressing remaining poverty and reducing inequalitiesInclusive economic growthPrivate sector developmentPartnershipsKnowledge solutionsGovernance and capacity developmentGender Equity and Mainstreaming20000000Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance7500000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance1000000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance8500000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance3000000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance33125.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance37500.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance39388.89Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance42500.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance42500.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance56430.55Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance85000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance85000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance102250.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance100000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance100000.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: BDB's institutional capacity strengthened Indicator: BDB institutional strengthening milestones implemented Achievement: Y Progress/Status: All milestones achieved as planned as reported in the AM of Bhutan 1st TPRM on 7 Mar 2025. Data Source: BDB annual reports for 2020, 2021, 2022 and 2023. BDB institutional strengthening plan progress evaluation reports for 2020, 2021, 2022 and 2023 Baseline year: 2019 Baseline value: Not applicable Baseline year: 2019 Baseline value: Not applicable Target year: 2024 Target value: Y Actual value: YOutput: Collateral-based rural CSI financing expanded Indicator: BDB's rural CSI loans outstanding increased to Nu17.30 billion, of which at least 50% is for women-owned CSIs Achievement: 15.11 Progress/Status: CSI loan outstanding: Nu. 24.07 billion (against target of Nu. 17.3 billion) Women CSI outstanding: Nu. 9.7 billion which is about 79% (against target of Nu. 8.65 billion) Achieved 28.72% above the target. Data Source: BDB annual reports for 2020, 2021, 2022, and 2023Output: Financial literacy training and business development support extended to rural CSIs Indicator: At least 4,000 rural people of which 50% are women, gained increased knowledge of finance Achievement: Y Progress/Status: Extended to 4, 071 participants across 30 centers and also having met the women participation at 59%. Data Source: 4a.-b. Training participant survey Baseline year: 2019 Baseline value: Not applicable Baseline year: 2019 Baseline value: Not applicable Target year: 2024 Target value: Y Actual value: YOutput: Financial literacy training and business development support extended to rural CSIs Indicator: Business development services extended to at least 2,000 rural CSIs, of which 50% are women-owned CSIs Achievement: Y Progress/Status: Extended to 4, 071 participants across 30 centers and also having met the women participation at 59% Data Source: 4a.-b. Project progress performance monitoring reports Baseline year: 2019 Baseline value: Not applicable Baseline year: 2019 Baseline value: Not applicable Target year: 2024 Target value: Y Actual value: YOutput: Non-collateral-based rural CSI financing expanded Indicator: At least 12,000 rural people, of which at least 50% are women, familiarized with the information on BDB's non-collateral-based rural CSI financing Achievement: 773 Progress/Status: Ongoing implementation. Of the 773 participants, 472 were Female (61%) and 301 were male (39%). BDBL had a target of 700 people to be trained in financial literacy during 2023 and this target was achieved successfully, covering many remote parts of the country. The bank has plans to achieve the target by June 2024. Data Source: 2a.-c. BDB annual reports for 2020, 2021, 2022, and 2023Output: Non-collateral-based rural CSI financing expanded Indicator: BDB's group-loan borrowers increased to 4,996, of which 65% are women borrowers Achievement: 2111 Progress/Status: Ongoing implementation Group loan borrowers: 4,821 Women Group loan borrowers: 3,196 (66%) as of 30 June 2025 Data Source: 2a.-c. Project progress performance monitoring reportsOutput: Non-collateral-based rural CSI financing expanded Indicator: Cumulative disbursement of BDB's group loans totaled Nu899.23 million, of which 65% is for women group-loan borrowers Achievement: 752.43 Progress/Status: Group cumulative disbursement: Nu 1,083.71 million for 4,821 borrowers of which: Cumulative women group loan outstanding: Nu 709.92 for 3,196 borrowers equivalent to 66% as of 30 June 2025. Data Source: 2a.-c. BDB annual reports for 2020, 2021, 2022, and 2023Finance sector's rural financing capacity enhancedBDB's rural CSI borrowers increased to 63,714, of which 50% are women-owned CSIs Achievement: 48625 Progress/Status: Cumulative borrowers: 83,089 Women borrowers: 36,851 (44% of total cumulative borrowers & 58% of the targeted borrower) Data Source: BDB annual reports for 2020, 2021, 2022, and 2023At least 50% of performance targets in the BDB institutional strengthening plan achieved Achievement: Y Progress/Status: All the institutional strengthening plan comprising of (i) 26 milestones have been achieved since March 2025. Also, all the reports required have been complied with. (ii) There are17 financial performance and gender targets that increase annually, of which, at least 50 percent should be complied to achieve the targets. Secondly, on the financial and credit performance targets, 14 out of 17 have been complied with as of June 2025 taking 50 percent of the PAM targets). Data Source: BDB institutional strengthening plan progress evaluation reports for 2020, 2021, 2022 and 2023 Base year: 2019 XM-DAC-46004-51252-005-LN4130Asian Development BankThe proposed program modality is a programmatic approach. It consists of three subprograms that are designed to allow ADB to remain engaged and to help the government implement increasingly complex long-term finance sector reforms. Under this third subprogram, there are 3 reforms areas. Reform area 1: Nonbank financial systems developed. This will concentrate on secondary market development and an insurance strategy, including alternative investments and housing finance schemes focusing on gender-based requirements, while improving governance rules in capital markets. Reform area 2: Stability and integrity of the financial system strengthened. There will be focus on implementing the International Financial Reporting Standards 9, revised rules on anti-money laundering based on requirements, and full alignment with Basel III, leading to enhanced stability, efficiency, and inclusiveness in financial markets. Reform area 3: Financial inclusion promoted. This includes financing inclusive green finance and financial technology to promote digital inclusion. The impact of the reform will be the improved economic welfare of the Bhutanese people, especially women, through increased employment, private sector business development, enhanced access to finance, and greater efficiency of financial intermediation. The program will support the government with institutional reforms while improving the technical capacity of regulatory and financial institutions.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankChandrasekera Mudalige Manohari Gunawardhenahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=51252-005 (Closed)&officer= mgunawardhena@adb.org&division= Public Management, Financial Sector and Trade Division, SARD&projectcountry= BhutanBhutan27.38626 90.42845Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityAccelerating progress in gender equalityAddressing remaining poverty and reducing inequalitiesStrengthening governance and institutional capacityGovernance and capacity developmentInclusive economic growthEnvironmentally sustainable growthPartnershipsSome gender elements (SGE)30000000Asian Development BankMinistry of Finance30000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance93333.33Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance150000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryOutput/s as listed by the project staff.Office of the Registrar approved Corporate Governance & Corporate Social Responsibility Regulations on September 1, 2021 to be adopted by all issuers of debt and equity to improve transparency. Source - Corporate Governance and Corporate Social Responsibility Regulations document approved by the Office of the Registrar.Output indicators are in the Completion Report: https://www.adb.org/sites/default/files/project-documents/51252/51252-003-51252-004-51252-005-pcr-en.pdfRMA Board approved the Insurance Sector Strategy for implementation by 1 September 2021 which incorporates widening the scope of insurance products and alternative investments. Source - Strategy document and confirmation of RMA board approval.RMA Executive Committee approved revised rules and regulations pertaining to the Alternative Investment Market (AIM) Board for immediate implementation to increase participation by Micro, Cottage, Small, Medium and Large Enterprises (MCSML) and investors on AIM. Sources - Revised rules and regulations and confirmation of approval by RMA. 3.2.b. RMA Executive Committee approved the revised regulations on the issuance of equity and bonds by companies including (i) trading market rules and regulations, (ii) market trade reporting rules, and (iii) listing rules to align with evolving market conditions and revised AIM rules for implementation with effect from 28 August 2021. Sources - Revised regulations on issuance of equity and bonds and confirmation of approval by RMA.RMA Executive Committee approved the listing rules for government bonds and bills for implementation immediately to facilitate secondary market trading. 3.1.b. Government (Ministry of Finance-MoF) listed all outstanding and new treasury bonds on the Royal Securities Exchange of Bhutan (RSEB) to facilitate secondary market transaction. Sources - Listing Rules with confirmation of approval by RMA and listing of government bonds on the RSEB announced on RSEB's website and issuance of government bonds announced on MoF's website.RMA issued directives based on housing market demand survey conducted by MoWHS which included gender focused data collection to facilitate affordable housing finance products encompassing tenure, loan to value, and preferential risk weights. Source - Report on housing market demand based on survey and RMA directives as described published on their website.Policy Action/s as listed by the project staff. Action 1: 3.1.a. RMA Executive Committee approved the listing rules for government bonds and bills for implementation immediately to facilitate secondary market trading. 3.1.b. Government (Ministry of Finance-MoF) listed all outstanding and new treasury bonds on the Royal Securities Exchange of Bhutan (RSEB) to facilitate secondary market transaction. Sources - Listing Rules with confirmation of approval by RMA and listing of government bonds on the RSEB announced on RSEB's website and issuance of government bonds announced on MoF's website. Target date: 2021-09-30 Action 2: 3.2.a. RMA Executive Committee approved revised rules and regulations pertaining to the Alternative Investment Market (AIM) Board for immediate implementation to increase participation by Micro, Cottage, Small, Medium and Large Enterprises (MCSML) and investors on AIM. Sources - Revised rules and regulations and confirmation of approval by RMA. 3.2.b. RMA Executive Committee approved the revised regulations on the issuance of equity and bonds by companies including (i) trading market rules and regulations, (ii) market trade reporting rules, and (iii) listing rules to align with evolving market conditions and revised AIM rules for implementation with effect from 28 August 2021. Sources - Revised regulations on issuance of equity and bonds and confirmation of approval by RMA. 3.2.c. Office of the Registrar approved Corporate Governance & Corporate Social Responsibility Regulations on September 1, 2021 to be adopted by all issuers of debt and equity to improve transparency. Source - Corporate Governance and Corporate Social Responsibility Regulations document approved by the Office of the Registrar. Target date: 2021-09-30 Action 3: 3.3. RMA issued directives based on housing market demand survey conducted by MoWHS which included gender focused data collection to facilitate affordable housing finance products encompassing tenure, loan to value, and preferential risk weights. Source - Report on housing market demand based on survey and RMA directives as described published on their website. Target date: 2021-09-30 Action 4: 3.4. RMA Board approved the Insurance Sector Strategy for implementation by 1 September 2021 which incorporates widening the scope of insurance products and alternative investments. Source - Strategy document and confirmation of RMA board approval. Target date: 2021-09-30 Action 1: 3.5. RMA Executive Committee approved an NPL management Strategy including: (i) foreclosure guidelines, and (ii) write-off policy and asset transfer Policy to be adopted by both banks and nonbanks by 1 September 2021. Source - NPL Management Strategy document approved by RMA. Target date: 2021-09-30Policy 2: Strengthening the integrity and stability of the financial system Outcome 1: f. Share of adults who have access to life insurance is at least 20%. (2018 baseline: 18%) Source: RMA monthly report December 2020 16.8% Source: State of Financial Inclusion annual report, (https://www.rma.org.bt/) Action 2: 3.6. RMA Executive Committee approved and issued for compliance by all financial institutions the following with effect from September 1 2021: (i) updated guidelines on Capital Markets, and Money Service Businesses based on sections1 of the Guideline on Anti Money Laundering and Countering of Financing of Terrorism for Capital Market Intermediaries 2020 and (ii) sections 313-332 of the revised Anti Money Laundering and Combating the Financing of Terrorism Rules and Regulations, 2018. Source - Guidelines approved by RMA Executive Committee Target date: 2021-09-30 Action 3: 3.7 a. RMA strengthened the risk-based monitoring based on Basel III guidelines with effect from 1 September 2021 for financial sector by having, (i) approved Risk-Based Supervision Manual, (ii) completed stress testing of all banks, (iii) completed stress testing on non-insurance business of insurance companies, and 3.7 b. RMA developed guidelines on stress testing on insurance companies for the insurance business effective from 1 September 2022. Sources - Confirmation letter from RMA that (i) through (iii) had been completed. Confirmation letter from RMA that the guidelines for stress testing for insurance companies has been developed and the guidelines document. Target date: 2021-09-30 Action 4: 3.8 The RMA Executive Committee developed and approved the Guidelines on Trade Receivables Discounting System with effect from 1 January 2021 to assist commercial banks in implementing relevant sections on trade receivable discounting under the Payment and Settlement System Rules and Regulations approved by the RMA Board in 2018. Source - Guidelines and Directives on Trade Receivables Discounting System issued by RMA Target date: 2021-09-30 Action 5: 3.9 RMA issued guidelines, with effect from 1 September 2021, on compliance with IFRS 9 by financial institutions to ensure consistency in reporting and improve risk assessment. Source- Guidelines on IFRS 9 Implementation in Financial Institutions. Target date: 2021-09-30 Action 6: 3.10 RMA Board approved the Policy on Centralized Data Warehouse and Data Analytics for implementation with effect 28 August 2021, to ensure better access to information and decision making with focus on gender disaggregated data in all relevant templates. Source - Policy document approved by RMA. Target date: 2021-09-30 Action 1: 3.5. RMA Executive Committee approved an NPL management Strategy including: (i) foreclosure guidelines, and (ii) write-off policy and asset transfer Policy to be adopted by both banks and nonbanks by 1 September 2021. Source - NPL Management Strategy document approved by RMA. Target date: 2021-09-30Policy 2: Strengthening the integrity and stability of the financial system NA Action 2: 3.6. RMA Executive Committee approved and issued for compliance by all financial institutions the following with effect from September 1 2021: (i) updated guidelines on Capital Markets, and Money Service Businesses based on sections1 of the Guideline on Anti Money Laundering and Countering of Financing of Terrorism for Capital Market Intermediaries 2020 and (ii) sections 313-332 of the revised Anti Money Laundering and Combating the Financing of Terrorism Rules and Regulations, 2018. Source - Guidelines approved by RMA Executive Committee Target date: 2021-09-30 Action 3: 3.7 a. RMA strengthened the risk-based monitoring based on Basel III guidelines with effect from 1 September 2021 for financial sector by having, (i) approved Risk-Based Supervision Manual, (ii) completed stress testing of all banks, (iii) completed stress testing on non-insurance business of insurance companies, and 3.7 b. RMA developed guidelines on stress testing on insurance companies for the insurance business effective from 1 September 2022. Sources - Confirmation letter from RMA that (i) through (iii) had been completed. Confirmation letter from RMA that the guidelines for stress testing for insurance companies has been developed and the guidelines document. Target date: 2021-09-30 Action 4: 3.8 The RMA Executive Committee developed and approved the Guidelines on Trade Receivables Discounting System with effect from 1 January 2021 to assist commercial banks in implementing relevant sections on trade receivable discounting under the Payment and Settlement System Rules and Regulations approved by the RMA Board in 2018. Source - Guidelines and Directives on Trade Receivables Discounting System issued by RMA Target date: 2021-09-30 Action 5: 3.9 RMA issued guidelines, with effect from 1 September 2021, on compliance with IFRS 9 by financial institutions to ensure consistency in reporting and improve risk assessment. Source- Guidelines on IFRS 9 Implementation in Financial Institutions. Target date: 2021-09-30 Action 6: 3.10 RMA Board approved the Policy on Centralized Data Warehouse and Data Analytics for implementation with effect 28 August 2021, to ensure better access to information and decision making with focus on gender disaggregated data in all relevant templates. Source - Policy document approved by RMA. Target date: 2021-09-30 Action 1: 3.11 RMA Board approved and implemented with effect from 28 August 2021, rules and regulations on the warehouse receipt financing to ensure financial institutions commence offering appropriate lending products. Source - Rules and regulations document approved by RMA and confirmation of implementation from RMA. Target date: 2021-09-30Policy 3: Reform Area 3: Financial Inclusion Promoted NA Action 2: 3.12 RMA Executive Committee approved the Green Taxonomy Framework (pillar in the Green Finance Roadmap of RMA) for implementation with effect from 28 August 2021 to identify financial products and economic activities that can qualify as green investments in order that financial institutions can introduce new products and services and align existing products with the qualifying green finance definition. Source - Green Taxonomy Framework document implemented by RMA and confirmation of implementation by RMA. Target date: 2021-09-30 Action 3: 3.13 RMA board approved the FinTech Regulatory Sandbox Framework and implemented it on 29 October 2020 through setting up the FinTech website, formation of committees from relevant agencies to perform technical evaluation and produce final report on fintech ideas for sandboxing. Source - Confirmation of implementation by RMA. (www.fintechbhutan.bt) Target date: 2021-09-30 Action 1: 3.11 RMA Board approved and implemented with effect from 28 August 2021, rules and regulations on the warehouse receipt financing to ensure financial institutions commence offering appropriate lending products. Source - Rules and regulations document approved by RMA and confirmation of implementation from RMA. Target date: 2021-09-30Policy 3: Reform Area 3: Financial Inclusion Promoted NA Action 2: 3.12 RMA Executive Committee approved the Green Taxonomy Framework (pillar in the Green Finance Roadmap of RMA) for implementation with effect from 28 August 2021 to identify financial products and economic activities that can qualify as green investments in order that financial institutions can introduce new products and services and align existing products with the qualifying green finance definition. Source - Green Taxonomy Framework document implemented by RMA and confirmation of implementation by RMA. Target date: 2021-09-30 Action 3: 3.13 RMA board approved the FinTech Regulatory Sandbox Framework and implemented it on 29 October 2020 through setting up the FinTech website, formation of committees from relevant agencies to perform technical evaluation and produce final report on fintech ideas for sandboxing. Source - Confirmation of implementation by RMA. (www.fintechbhutan.bt) Target date: 2021-09-30 Action 1: 3.11 RMA Board approved and implemented with effect from 28 August 2021, rules and regulations on the warehouse receipt financing to ensure financial institutions commence offering appropriate lending products. Source - Rules and regulations document approved by RMA and confirmation of implementation from RMA. Target date: 2021-09-30Policy 3: Reform Area 3: Financial Inclusion Promoted NA Action 2: 3.12 RMA Executive Committee approved the Green Taxonomy Framework (pillar in the Green Finance Roadmap of RMA) for implementation with effect from 28 August 2021 to identify financial products and economic activities that can qualify as green investments in order that financial institutions can introduce new products and services and align existing products with the qualifying green finance definition. Source - Green Taxonomy Framework document implemented by RMA and confirmation of implementation by RMA. Target date: 2021-09-30 Action 3: 3.13 RMA board approved the FinTech Regulatory Sandbox Framework and implemented it on 29 October 2020 through setting up the FinTech website, formation of committees from relevant agencies to perform technical evaluation and produce final report on fintech ideas for sandboxing. Source - Confirmation of implementation by RMA. (www.fintechbhutan.bt) Target date: 2021-09-30 XM-DAC-46004-54355-001-GRNT0812Asian Development BankThe project will be aligned with the following impact: livability, safety, and sustainability of human settlements ensured. The project will have the following outcome: housing affordability for low-income individuals in designated communities improved. The outputs are: Output 1. Climate and disaster resilient, and affordable housing units and public facilities for low-income individuals constructed. This project component will leverage the National Housing Development Corporation Limited's (NHDCL) access to developable, serviced land to build an estimated 1,000 units for rent (with the opportunity for home ownership) and six integrated community service centers, serviced with roads, electricity, municipal, water and sewerage connections in support of the Sustainable Development Goal 1. This output includes components under the Asian Development Fund Thematic Pool grant to provide decent accommodation for families of urban workers, integrated service centers, and livelihood support for women. It is expected that the increase in supply of affordable houses will mitigate the rental shortage. The mid-rise multi-unit buildings will incorporate gender inclusive features and innovations in design, construction methodology, and operation and maintenance including the application of resilient and smart technology to improve resource-efficiency and greater use of locally available materials to boost local economic development. Climate and disaster resilient design features will be identified through a site risk assessment and take a multi-hazard approach. Bhutan cultural values and traditional architecture, aimed at improved public housing amenity, and green facilities will be reflected in the project. Additionally the site plans for each site will be designed in accordance with urban planning guidelines to incorporate appropriate green and public spaces for the location. The subprojects will be integrated with the surrounding community to the greatest extent possible given the constraints. Output 2. Institutional capacities, policy, and regulatory framework of the housing sector strengthened. This project component will (i) strengthen the NHDCL's housing management and construction capacity by assessing its current policies and procedures, and develop targeted housing for low-income groups, particularly women and youth, and revamping the rent-to-own scheme; (ii) develop disaster and climate resilient designs and related technologies, as a means to also improve resource-efficiency (leading to lower price to income); (iii) review and update the building code and regulations; (iv) conduct awareness trainings and a capacity building program for key project stakeholders on (a) disaster and climate resilient designs; and (b) the building code to effectively implement the designs; for enhanced seismic resilience; (v) enhance NHDCL operating business model with piloting of a public-private partnership focused on operation and maintenance for the units; (vi) develop sector-wide housing management information system; and (v) provide project implementation support services, including design and supervision, and set up of a safeguards unit. This output is critical to ensure that all assets developed under the project is managed in an efficient and sustainable manner.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankJude Kohlhasehttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=54355-001 (Active)&officer= jkohlhase@adb.org&division= Water and Urban Development Sector Office (SG-WUD)&projectcountry= BhutanTrashi Yangste27.58468 91.45466Phuentsholing26.91389 89.42317Samdrup Jongkhar26.80069 91.50519Nganglam26.78333 91.25Thimphu27.46609 89.64191Accelerating progress in gender equalityAddressing remaining poverty and reducing inequalitiesStrengthening governance and institutional capacityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityFostering regional cooperation and integrationMaking cities more livablePromoting rural development and food securityEnvironmentally sustainable growthGovernance and capacity developmentInclusive economic growthEffective gender mainstreaming (EGM)6000000Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance227186.26Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance-227186.26Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance381034.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance742158.24Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance575529.23Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance922634.34Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance346069.11Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance951703.41Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: 801 adequate, affordable, and resilient housing units constructed and 30% of the housing units allotted to women Progress/Status: as of Novermber 2025- Total 410 units at 6 sub projects viz. Trashiyangtse, SJ Dradulthang, Nganglam, SJ Toed, Phuentsholing Core and Amochu Phuentsholing are under construction. Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: Three integrated service centers with gender-inclusive features constructed Progress/Status: as of Novermber 2025- 1 number each service centres are proposed at SJ Toed, Nganglam (under construction.) and Core LAP Rabten (included) Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: At least 95% of the residential buildings constructed comply with green guidelines and EDGE certification and are equipped with energy-efficient insulation, metering devices, water pumps, and heating systems Progress/Status: ongoing Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: Two recycled waste stations with gender-inclusive features constructed Progress/Status: Progress ongoing Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: At least two SHGs with operational by-laws in recycled waste livelihoods established Progress/Status: Progress ongoing Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: At least 80% of SHG members (of whom 75% are women) have increased knowledge of waste management, business, and financial skills Progress/Status: progress ongoing Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, project performance and management system established to ensure generation of sex-disaggregated data Progress/Status: Established in PMU and monitoring (on going) Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, 81 staff of the NHDCL, PMU, and PIUs report improved knowledge and skills in operation and maintenance and asset management of affordable housing facilities, of whom at least 25% are women Progress/Status: Not Yet due Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Actual value: Output: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, building code of Bhutan Part 6 (Fire Code) and green building guideline that incorporate climate change, disaster risk reduction, gender inclusiveness, and energy efficiency completed and submitted to the MOWHS Progress/Status: NHDCL with TA team coordinating with MoIT is working on development of building codes (Part 6 Fire Code) and green building guidelines. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, the MOIT's housing management information system is upgraded with links to tenancy services and inter-operable with the NHDCL asset management system (to be established) Progress/Status: NHDCL with TA team coordinating with MoIT and working on development of HMIS. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2024, improved land management capacity and strategy for land assembly completed, including options for urban land pooling and land banking for similar future affordable housing projects Progress/Status: NHDCL with TA team coordinating with MoIT and NLC working on land management. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, business model and public-private partnership guidelines for future sector investment completed Progress/Status: NHDCL with TA team coordinating with MoIT and NLC and working on PPP. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, strategy for gender-inclusive homeownership is finalized Progress/Status: NHDCL with TA team coordinating with MoIT and working on homeownership strategy. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, guideline for condominium management developed Progress/Status: NHDCL with TA team coordinating with MoIT and working on condominium management development. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2025 Baseline value: N Baseline year: 2025 Baseline value: N Target year: 2026 Target value: YAccess to green and resilient affordable housing for low-income households improvedAt least 95% of civil servant and private sector low-income households occupying the housing units pay no more than 30% of their disposable income on rent Progress/Status: NGO consultant has been recruited and contract agreement signed on 26 Dec. 2024. The task will be developed by NGO consultant. Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: At least 80% occupancy rate in completed housing units Progress/Status: To develop from 2025 onwards Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: At least 95% of housing units with 20% less energy and water consumption Progress/Status: EDGE compliance and certification under progress. Appointment of EDGE auditor completed. Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: At least 70% of households benefit from services provided by the newly constructed integrated community service centers Progress/Status: 2 nos. of service centres are proposed at Samdrup Jongkhar Toed and Nganglam and 1 no. in the planning stage at Core LAP Rabten. Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: XM-DAC-46004-54355-001-LN4150Asian Development BankThe project will be aligned with the following impact: livability, safety, and sustainability of human settlements ensured. The project will have the following outcome: housing affordability for low-income individuals in designated communities improved. The outputs are: Output 1. Climate and disaster resilient, and affordable housing units and public facilities for low-income individuals constructed. This project component will leverage the National Housing Development Corporation Limited's (NHDCL) access to developable, serviced land to build an estimated 1,000 units for rent (with the opportunity for home ownership) and six integrated community service centers, serviced with roads, electricity, municipal, water and sewerage connections in support of the Sustainable Development Goal 1. This output includes components under the Asian Development Fund Thematic Pool grant to provide decent accommodation for families of urban workers, integrated service centers, and livelihood support for women. It is expected that the increase in supply of affordable houses will mitigate the rental shortage. The mid-rise multi-unit buildings will incorporate gender inclusive features and innovations in design, construction methodology, and operation and maintenance including the application of resilient and smart technology to improve resource-efficiency and greater use of locally available materials to boost local economic development. Climate and disaster resilient design features will be identified through a site risk assessment and take a multi-hazard approach. Bhutan cultural values and traditional architecture, aimed at improved public housing amenity, and green facilities will be reflected in the project. Additionally the site plans for each site will be designed in accordance with urban planning guidelines to incorporate appropriate green and public spaces for the location. The subprojects will be integrated with the surrounding community to the greatest extent possible given the constraints. Output 2. Institutional capacities, policy, and regulatory framework of the housing sector strengthened. This project component will (i) strengthen the NHDCL's housing management and construction capacity by assessing its current policies and procedures, and develop targeted housing for low-income groups, particularly women and youth, and revamping the rent-to-own scheme; (ii) develop disaster and climate resilient designs and related technologies, as a means to also improve resource-efficiency (leading to lower price to income); (iii) review and update the building code and regulations; (iv) conduct awareness trainings and a capacity building program for key project stakeholders on (a) disaster and climate resilient designs; and (b) the building code to effectively implement the designs; for enhanced seismic resilience; (v) enhance NHDCL operating business model with piloting of a public-private partnership focused on operation and maintenance for the units; (vi) develop sector-wide housing management information system; and (v) provide project implementation support services, including design and supervision, and set up of a safeguards unit. This output is critical to ensure that all assets developed under the project is managed in an efficient and sustainable manner.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankJude Kohlhasehttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=54355-001 (Active)&officer= jkohlhase@adb.org&division= Water and Urban Development Sector Office (SG-WUD)&projectcountry= BhutanTrashi Yangste27.58468 91.45466Phuentsholing26.91389 89.42317Samdrup Jongkhar26.80069 91.50519Nganglam26.78333 91.25Thimphu27.46609 89.64191Accelerating progress in gender equalityAddressing remaining poverty and reducing inequalitiesStrengthening governance and institutional capacityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityFostering regional cooperation and integrationMaking cities more livablePromoting rural development and food securityEnvironmentally sustainable growthGovernance and capacity developmentInclusive economic growthEffective gender mainstreaming (EGM)24000000Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance908501.01Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance1523727.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance2967835.80Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance2301498.66Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance3735603.47Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance3751893.86Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance4063.02Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance4542.50Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance7039.73Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance19663.17Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance27000.32Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance40106.07Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance55950.04Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: 801 adequate, affordable, and resilient housing units constructed and 30% of the housing units allotted to women Progress/Status: as of Novermber 2025- Total 410 units at 6 sub projects viz. Trashiyangtse, SJ Dradulthang, Nganglam, SJ Toed, Phuentsholing Core and Amochu Phuentsholing are under construction. Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: Three integrated service centers with gender-inclusive features constructed Progress/Status: as of Novermber 2025- 1 number each service centres are proposed at SJ Toed, Nganglam (under construction.) and Core LAP Rabten (included) Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: At least 95% of the residential buildings constructed comply with green guidelines and EDGE certification and are equipped with energy-efficient insulation, metering devices, water pumps, and heating systems Progress/Status: ongoing Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: Two recycled waste stations with gender-inclusive features constructed Progress/Status: Progress ongoing Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: At least two SHGs with operational by-laws in recycled waste livelihoods established Progress/Status: Progress ongoing Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Climate- and disaster-resilient, energy-efficient, and affordable housing units and public facilities for low-income households constructed Indicator: At least 80% of SHG members (of whom 75% are women) have increased knowledge of waste management, business, and financial skills Progress/Status: progress ongoing Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: Output: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, project performance and management system established to ensure generation of sex-disaggregated data Progress/Status: Established in PMU and monitoring (on going) Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, 81 staff of the NHDCL, PMU, and PIUs report improved knowledge and skills in operation and maintenance and asset management of affordable housing facilities, of whom at least 25% are women Progress/Status: Not Yet due Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Actual value: Output: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, building code of Bhutan Part 6 (Fire Code) and green building guideline that incorporate climate change, disaster risk reduction, gender inclusiveness, and energy efficiency completed and submitted to the MOWHS Progress/Status: NHDCL with TA team coordinating with MoIT is working on development of building codes (Part 6 Fire Code) and green building guidelines. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, the MOIT's housing management information system is upgraded with links to tenancy services and inter-operable with the NHDCL asset management system (to be established) Progress/Status: NHDCL with TA team coordinating with MoIT and working on development of HMIS. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2024, improved land management capacity and strategy for land assembly completed, including options for urban land pooling and land banking for similar future affordable housing projects Progress/Status: NHDCL with TA team coordinating with MoIT and NLC working on land management. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, business model and public-private partnership guidelines for future sector investment completed Progress/Status: NHDCL with TA team coordinating with MoIT and NLC and working on PPP. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, strategy for gender-inclusive homeownership is finalized Progress/Status: NHDCL with TA team coordinating with MoIT and working on homeownership strategy. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2021 Baseline value: N Baseline year: 2021 Baseline value: N Target year: 2026 Target value: YOutput: Institutional capacities, policy, and regulatory framework of the housing sector strengthened Indicator: By 2026, guideline for condominium management developed Progress/Status: NHDCL with TA team coordinating with MoIT and working on condominium management development. Data Source: Project M&E and annual reports of the NHDCL and the MOIT, cabinet resolutions, and TA reports Baseline year: 2025 Baseline value: N Baseline year: 2025 Baseline value: N Target year: 2026 Target value: YAccess to green and resilient affordable housing for low-income households improvedAt least 95% of civil servant and private sector low-income households occupying the housing units pay no more than 30% of their disposable income on rent Progress/Status: NGO consultant has been recruited and contract agreement signed on 26 Dec. 2024. The task will be developed by NGO consultant. Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: At least 80% occupancy rate in completed housing units Progress/Status: To develop from 2025 onwards Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: At least 95% of housing units with 20% less energy and water consumption Progress/Status: EDGE compliance and certification under progress. Appointment of EDGE auditor completed. Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: At least 70% of households benefit from services provided by the newly constructed integrated community service centers Progress/Status: 2 nos. of service centres are proposed at Samdrup Jongkhar Toed and Nganglam and 1 no. in the planning stage at Core LAP Rabten. Data Source: Project M&E, annual reports of the NHDCL and the MOIT, and TA reports Actual value: XM-DAC-46004-55083-001-LN4199Asian Development BankThe project will provide the Government of Bhutan with immediate and flexible financing to support its national coronavirus disease (COVID-19) vaccination program through the Asia Pacific Vaccine Access Facility (APVAX) of the Asian Development Bank (ADB). The APVAX allocation comprises the rapid response component (RRC) to support the purchase of the APVAX-eligible COVID-19 vaccines. The project investment component (PIC) financed by the JFPR grant will strengthen the disease surveillance, while enhancing the accessibility of essential health care services and immunization. The project is aligned with four of the operational priorities of ADB's Strategy 2030: (i) addressing remaining poverty and reducing inequalities; (ii) accelerating progress in gender equality; (iii) strengthening governance and institutional capacity; and (iv) fostering regional cooperation and integration. It is consistent with ADB's country partnership strategy, 2019-2023 for Bhutan, which prioritizes improvements in equity, efficiency, and financial sustainability of the health care system. Bhutan has fully met APVAX access criteria by (i) demonstrating the adverse impacts of the COVID-19 pandemic; (ii) completing a needs assessment, including an updated vaccination allocation and prioritization plan for a booster vaccination program and an incremental medical waste management plan, acceptable to ADB; (iii) providing a letter from the governor confirming the government's commitment to implement the plans and ensuring compliance with revised APVAX eligibility criteria for ADB financing; and (iv) setting up an effective development partner coordination mechanism with a clear role for ADB.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankDai-Ling Chenhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=55083-001 (Active)&officer= skhetrapal@adb.org&division= Human and Social Development Sector Office (SG-HSD)&projectcountry= BhutanBhutan27.38626 90.42845Addressing remaining poverty and reducing inequalitiesFostering regional cooperation and integrationAccelerating progress in gender equalityStrengthening governance and institutional capacityInclusive economic growthRegional integrationPartnershipsEffective gender mainstreaming (EGM)10000000Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance3000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance4083.33Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance15020.42Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance15095.52Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance15170.99Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance954000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance18665.35Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance20110.18Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance735884.09Asian Development BankMinistry of Finance720071.32Asian Development BankMinistry of Finance263779.58Asian Development BankMinistry of Finance23133.34Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance255068.43Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance488316.58Asian Development BankMinistry of Finance630260.51Asian Development BankMinistry of Finance313209.55Asian Development BankMinistry of Finance4083.33Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance15020.42Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance15095.52Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance15170.99Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance18665.35Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance20110.18Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance23133.34Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance30339.14Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Accessibility of PHC and immunization services and disease surveillance capacity improved Indicator: By 2024, a GESI responsive operational guideline on mobile medical units developed and updated Achievement: Ongoing Progress/Status: Consultants has developed the guideline and accepted by National Medical Services in 2023. Data Source: PMU and MOH administrative records Baseline year: 2021 Baseline value: none Baseline year: 2021 Baseline value: none Target year: 2024 Target value: updated Actual value: OngoingOutput: Accessibility of PHC and immunization services and disease surveillance capacity improved Indicator: By 2026, 29 mobile medical unit vehicles procured and operationalized Achievement: 0 Progress/Status: - 10 MMUs delivered and distributed to 10 hospitals - 19 MMUs expected delivery by August 2026 Data Source: PMU and MOH administrative recordsOutput: Accessibility of PHC and immunization services and disease surveillance capacity improved Indicator: By 2026, at least 112 persons (4 per mobile medical unit, at least 50% women) reported increased knowledge to provide GESI-responsive PHC services, including sexual and reproductive health, via mobile medical units Achievement: 0 Progress/Status: Training for 82 persons planned for Q3 2026. Data Source: PMU and MOH administrative recordsOutput: Accessibility of PHC and immunization services and disease surveillance capacity improved Indicator: By 2026, 240 health facilities are better equipped to deliver healthcare services disrupted due to COVID-19 and prepared for resurgence of any infectious disease outbreaks; (2023 Baseline: NA) Achievement: 0 Progress/Status: Procurement of all equipment to be completed by Q3 2026 Data Source: MOHFW Status ReportOutput: Safe and effective COVID-19 vaccines delivered Indicator: By 2024, at least 0.46 million doses of ADB-financed COVID-19 vaccines procured and delivered to the eligible population (at least 0.18 million doses are administrated to eligible girls and women) across the country. Achievement: 0.46899 Progress/Status: 468,990 doses of vaccine worth $3 million procured and 450,000 people vaccinated. No more vaccines will be procured but equipment will be procured from the remaining loan balance. Data Source: MOH project progress reports and Bhutan Vaccine System dashboardEligible population safely vaccinated against COVID-19 and delivery of PHC services and routine immunization programs improvedBy 2024, at least 90% of children aged 5-11 years (at least 90% eligible girls and women covered) vaccinated with the initial two-dose regimen of the pediatric COVID-19 vaccine, and at least 90% of people aged 5 and above (at least 90% eligible girls and women covered) vaccinated with at least one additional dose of COVID-19 vaccines Achievement: 96.5 Progress/Status: 96.5% children aged 5-11 years vaccinated with initial 2 doses, and 91% of people aged 5 and above vaccinated with one additional dose of COVID-19 vaccine. Data Source: MOH project progress reports and Bhutan Vaccine System dashboardBy 2026, the percentage of the population able to reach the nearest health facility for PHC and routine immunization services within 2 hours increased to 95.0% Achievement: 97.2 Progress/Status: 97.2% (Annual Health Bulletin 2022). National Health Survey is ongoing, once completed it will give the latest data. Data Source: Annual Health Bulletin and National Health Survey report XM-DAC-46004-56010-001-LN4229Asian Development BankThe coronavirus disease (COVID-19) severely impacted economic activities and fiscal balance in Bhutan. Economic growth was decelerating even before the onset of the pandemic. In response to the crippling effects on lives, livelihoods, and healthcare, the government announced a series of fiscal and monetary relief measures to mitigate the impact on economy and households. The government has outlined its medium-term post-pandemic strategy for a sustained, inclusive, and green economic recovery in the upcoming 13th Five-Year Plan. The proposed program aims to support the government's post-pandemic economic vision by strengthening domestic resource mobilization (DRM), promoting private sector development, and supporting foundation for green economic recovery over the medium term.Asian Development BankAsian Development BankAsian Development BankAsian Development BankChandan Sapkotahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=56010-001 (Active)&officer= csapkota@adb.org&division= Public Sector Management and Governance Sector Office (SG-PSMG)&projectcountry= BhutanThimphu27.46609 89.64191Accelerating progress in gender equalityStrengthening governance and institutional capacityAddressing remaining poverty and reducing inequalitiesPromoting rural development and food securityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityGovernance and capacity developmentEnvironmentally sustainable growthInclusive economic growthPartnershipsEffective gender mainstreaming (EGM)37350000Asian Development BankAsian Development Bank37350000.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank236550.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank186750.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank186750.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank186750.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank186750.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank186750.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development Bank186750.00Asian Development BankAsian Development Bank0.00Asian Development BankAsian Development BankPolicyPerformanceFiduciaryPolicy Action/s as listed by the project staff. Action 1: (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Target date: 2022-09-30 Action 2: The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Target date: 2022-09-30 Action 3: MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025 , to restructure and improve management and governance of SOEs and to lower the fiscal burden. Target date: 2022-09-30 Action 4: MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Target date: 2022-09-30 Action 1: (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Target date: 2022-09-30Policy 1: Strengthening domestic resource mobilization Outcome 2: Turnaround time for CSI approval attributable to delicensing and IBLS reduced to at most 2 working days (2021 baseline: [not applicable [aggregated data not available yet]) (Source: G2C services portal and MOEA) Action 2: The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Target date: 2022-09-30 Action 3: MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025 , to restructure and improve management and governance of SOEs and to lower the fiscal burden. Target date: 2022-09-30 Action 4: MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Target date: 2022-09-30 Action 1: (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Target date: 2022-09-30Policy 1: Strengthening domestic resource mobilization NA Action 2: The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Target date: 2022-09-30 Action 3: MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025 , to restructure and improve management and governance of SOEs and to lower the fiscal burden. Target date: 2022-09-30 Action 4: MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Target date: 2022-09-30 Action 1: (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Target date: 2022-09-30Policy 1: Strengthening domestic resource mobilization NA Action 2: The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Target date: 2022-09-30 Action 3: MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025 , to restructure and improve management and governance of SOEs and to lower the fiscal burden. Target date: 2022-09-30 Action 4: MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Target date: 2022-09-30 Action 1: The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Target date: 2022-09-30Policy 2: Promoting private sector development NA Action 2: MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Target date: 2022-09-30 Action 3: MOEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Target date: 2022-09-30 Action 4: (i) The Cabinet approved TVET Reform Plan 2021 - including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses — to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Target date: 2022-09-30 Action 1: The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Target date: 2022-09-30Policy 2: Promoting private sector development NA Action 2: MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Target date: 2022-09-30 Action 3: MOEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Target date: 2022-09-30 Action 4: (i) The Cabinet approved TVET Reform Plan 2021 - including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses — to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Target date: 2022-09-30 Action 1: The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Target date: 2022-09-30Policy 2: Promoting private sector development NA Action 2: MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Target date: 2022-09-30 Action 3: MOEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Target date: 2022-09-30 Action 4: (i) The Cabinet approved TVET Reform Plan 2021 - including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses — to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Target date: 2022-09-30 Action 1: NEC approved regulations on substances that deplete the ozone layer and HFCs effective January 2022 to regulate production, import and export of ODS and HFCs as well as ODS-containing products, in accordance with the country's obligations under the Vienna Convention and the Montreal Protocol. Target date: 2022-09-30Policy 3: Facilitating green recovery NA Action 2: MOEA approved the revised Alternative Renewable Energy Policy 2022 effective August 2022 to promote and diversify energy mix and reduce overreliance on hydropower. Target date: 2022-09-30 Action 3: RMA approved guidelines for green finance taxonomy to facilitate categorization of projects for lending by financial sector and promote green finance, including priority accorded to women-owned or women-led businesses. Target date: 2022-09-30 Action 1: NEC approved regulations on substances that deplete the ozone layer and HFCs effective January 2022 to regulate production, import and export of ODS and HFCs as well as ODS-containing products, in accordance with the country's obligations under the Vienna Convention and the Montreal Protocol. Target date: 2022-09-30Policy 3: Facilitating green recovery NA Action 2: MOEA approved the revised Alternative Renewable Energy Policy 2022 effective August 2022 to promote and diversify energy mix and reduce overreliance on hydropower. Target date: 2022-09-30 Action 3: RMA approved guidelines for green finance taxonomy to facilitate categorization of projects for lending by financial sector and promote green finance, including priority accorded to women-owned or women-led businesses. Target date: 2022-09-30 XM-DAC-46004-54142-001-GRNT0855Asian Development BankThe project will finance the construction of one solar photovoltaic (PV) power plant located in central-west Bhutan with a minimum total capacity of 17.38 megawatt peak (MWp). This will be the first utility scale alternative renewable power plant in the country and the first step to diversify the generation portfolio of Bhutan's hydropower dominated energy sector, creating system change and building resilience against adverse climate change impacts on the power sector. The project will strengthen the institutional capacity of the Department of Renewable Energy (DRE) on solar and wind power project design, operation and maintenance and renewables grid integration. In addition, the project will provide learning opportunities and promote energy sector career paths to students in Science, Technology, Engineering and Mathematics (STEM) streams, with special attention to female students.Asian Development BankDepartment of Renewable Energy, Ministry of Economic AffairsDepartment of Renewable Energy, Ministry of Economic AffairsAsian Development BankAsian Development BankChristoph Meindlhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=54142-001 (Active)&officer= khoriguchi@adb.org&division= Energy Sector Office (SG-ENE)&projectcountry= BhutanBhutan27.38626 90.42845Accelerating progress in gender equalityAddressing remaining poverty and reducing inequalitiesTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityStrengthening governance and institutional capacityEnvironmentally sustainable growthInclusive economic growthGovernance and capacity developmentKnowledge solutionsEffective gender mainstreaming (EGM)10000000Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs96350.50Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs646425.01Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs24207.52Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs16090.22Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs3251848.16Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs60556.11Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs460582.54Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs53917.28Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs47917.97Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs33384.41Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs323018.80Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs23388.74Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs100111.19Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs325579.90Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs1139025.97Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs101791.10Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs33636.11Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs45510.20Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs507740.05Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs204562.92Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs270679.95Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs144284.43Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs7593.82Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs140150.80Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs-147744.62Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs862222.63Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic AffairsPerformanceFiduciaryOutput/s as listed by the project staff.Output: DRE capacity for GESI enhanced Indicator: DRE approved at least one corporate measure for improved mainstreaming of gender equality and social inclusion.c (2022 baseline: not applicable) (OP 2.3.2) Progress/Status: Ongoing. Target to be completed by Mar. 2026. Activity is managed by ADB HQ since activity should be done under the TA. Data Source: Results from completed Gender Equality and Social Inclusion self-assessment and one documented corporate-level commitment from DRE Baseline year: 2020 Baseline value: N Baseline year: 2020 Baseline value: N Target year: 2024 Target value: YOutput: Knowledge in climate resilient renewable energy systems improved Indicator: At least 30 university students (including 30% girls) in STEM streams completed extracurricular learning events, of which at least 80% reported increased knowledge of renewable energy (2022 baseline: 0) (OP 2.2) Progress/Status: Completed under the TA managed by the ADB. The contract was managed by the ADB, Head Office. Data Source: Participation list including gender-disaggregated data on individual details and pre- and post-program assessment Actual value: Output: Knowledge in climate resilient renewable energy systems improved Indicator: At least 400 students (including 40% girls) in higher secondary schools with STEM curriculum participated in school outreach events, of which at least 80% reported increased knowledge and awareness of a potential career in the energy sector (2022 baseline:0) (OP 2.2) Progress/Status: Completed under the TA managed by the ADB. The contract was managed by the ADB, Head Office. Data Source: Participation list including gender-disaggregated data on individual details and pre- and post-program assessment Actual value: Output: Knowledge in climate resilient renewable energy systems improved Indicator: At least 25 DRE staff (including 30% women) trained, of which at least 80% reported improved knowledge of renewable energy systems solar power project design, operation and maintenance, and renewables grid integration (2020 baseline: 0), (OP 3.1.2, 6.1.1) Progress/Status: Completed under the TA managed by the ADB. The contract was managed by the ADB, Head Office. Data Source: Pre- and post-training assessment Actual value: Output: Knowledge in climate resilient renewable energy systems improved Indicator: At least 400 parents and guardians (including 40% women) of STEM curriculum students in project areas reported increased awareness on efficient and safe electricity use. (2022 baseline: 0) (OP 2.2) Progress/Status: Completed under the TA managed by the ADB. The contract was managed by the ADB, Head Office. Data Source: Pre- and post-training assessment Actual value: Output: Knowledge in climate resilient renewable energy systems improved Indicator: Recommendations on power sector climate risk adaptation measures and roadmap submitted to DRE for endorsement (2022 baseline: not applicable) Progress/Status: Hired a climate expert. Submitted the report to ADB in September 2025. Data Source: Copy of roadmap and recommendations Baseline year: 2020 Baseline value: N Baseline year: 2020 Baseline value: N Target year: 2024 Target value: YOutput: Utility scale non-hydro renewable energy generation assets established Indicator: 17.38 MWp of solar power installed, commissioned, and connected to the grid Progress/Status: Completed. Commmissioned on Nov. 3, 2025. (22.38MWp) Data Source: Commissioning report from executing agency Actual value: Clean energy generation system diversified to non-hydro resources25 GWh of solar power generated annually (2020 baseline: 0 GWh) (OP 3.1.4) Data Source: Annual report from executing agency Actual value: XM-DAC-46004-54142-001-LN4231Asian Development BankThe project will finance the construction of one solar photovoltaic (PV) power plant located in central-west Bhutan with a minimum total capacity of 17.38 megawatt peak (MWp). This will be the first utility scale alternative renewable power plant in the country and the first step to diversify the generation portfolio of Bhutan's hydropower dominated energy sector, creating system change and building resilience against adverse climate change impacts on the power sector. The project will strengthen the institutional capacity of the Department of Renewable Energy (DRE) on solar and wind power project design, operation and maintenance and renewables grid integration. In addition, the project will provide learning opportunities and promote energy sector career paths to students in Science, Technology, Engineering and Mathematics (STEM) streams, with special attention to female students.Asian Development BankDepartment of Renewable Energy, Ministry of Economic AffairsDepartment of Renewable Energy, Ministry of Economic AffairsAsian Development BankAsian Development BankChristoph Meindlhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=54142-001 (Active)&officer= khoriguchi@adb.org&division= Energy Sector Office (SG-ENE)&projectcountry= BhutanBhutan27.38626 90.42845Accelerating progress in gender equalityAddressing remaining poverty and reducing inequalitiesTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityStrengthening governance and institutional capacityEnvironmentally sustainable growthInclusive economic growthGovernance and capacity developmentKnowledge solutionsEffective gender mainstreaming (EGM)8260000Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs451070.76Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs213.01Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs2240610.33Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs119454.21Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs299468.11Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs14794.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs176836.53Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs89478.23Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs215969.48Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs791351.39Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs348979.02Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs96346.54Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs23746.62Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs150271.88Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs43569.02Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs5298.92Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs174858.18Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs167380.67Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs540002.72Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs213.01Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs2920.90Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs14794.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs17309.53Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs23746.62Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs26530.67Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic Affairs0.00Asian Development BankDepartment of Renewable Energy, Ministry of Economic AffairsPerformanceFiduciaryOutput/s as listed by the project staff.Output: DRE capacity for GESI enhanced Indicator: DRE approved at least one corporate measure for improved mainstreaming of gender equality and social inclusion.c (2022 baseline: not applicable) (OP 2.3.2) Progress/Status: Ongoing. Target to be completed by Mar. 2026. Activity is managed by ADB HQ since activity should be done under the TA. Data Source: Results from completed Gender Equality and Social Inclusion self-assessment and one documented corporate-level commitment from DRE Baseline year: 2020 Baseline value: N Baseline year: 2020 Baseline value: N Target year: 2024 Target value: YOutput: Knowledge in climate resilient renewable energy systems improved Indicator: At least 30 university students (including 30% girls) in STEM streams completed extracurricular learning events, of which at least 80% reported increased knowledge of renewable energy (2022 baseline: 0) (OP 2.2) Progress/Status: Completed under the TA managed by the ADB. The contract was managed by the ADB, Head Office. Data Source: Participation list including gender-disaggregated data on individual details and pre- and post-program assessment Actual value: Output: Knowledge in climate resilient renewable energy systems improved Indicator: At least 400 students (including 40% girls) in higher secondary schools with STEM curriculum participated in school outreach events, of which at least 80% reported increased knowledge and awareness of a potential career in the energy sector (2022 baseline:0) (OP 2.2) Progress/Status: Completed under the TA managed by the ADB. The contract was managed by the ADB, Head Office. Data Source: Participation list including gender-disaggregated data on individual details and pre- and post-program assessment Actual value: Output: Knowledge in climate resilient renewable energy systems improved Indicator: At least 25 DRE staff (including 30% women) trained, of which at least 80% reported improved knowledge of renewable energy systems solar power project design, operation and maintenance, and renewables grid integration (2020 baseline: 0), (OP 3.1.2, 6.1.1) Progress/Status: Completed under the TA managed by the ADB. The contract was managed by the ADB, Head Office. Data Source: Pre- and post-training assessment Actual value: Output: Knowledge in climate resilient renewable energy systems improved Indicator: At least 400 parents and guardians (including 40% women) of STEM curriculum students in project areas reported increased awareness on efficient and safe electricity use. (2022 baseline: 0) (OP 2.2) Progress/Status: Completed under the TA managed by the ADB. The contract was managed by the ADB, Head Office. Data Source: Pre- and post-training assessment Actual value: Output: Knowledge in climate resilient renewable energy systems improved Indicator: Recommendations on power sector climate risk adaptation measures and roadmap submitted to DRE for endorsement (2022 baseline: not applicable) Progress/Status: Hired a climate expert. Submitted the report to ADB in September 2025. Data Source: Copy of roadmap and recommendations Baseline year: 2020 Baseline value: N Baseline year: 2020 Baseline value: N Target year: 2024 Target value: YOutput: Utility scale non-hydro renewable energy generation assets established Indicator: 17.38 MWp of solar power installed, commissioned, and connected to the grid Progress/Status: Completed. Commmissioned on Nov. 3, 2025. (22.38MWp) Data Source: Commissioning report from executing agency Actual value: Clean energy generation system diversified to non-hydro resources25 GWh of solar power generated annually (2020 baseline: 0 GWh) (OP 3.1.4) Data Source: Annual report from executing agency Actual value: XM-DAC-46004-42173-017-GRNT0874Asian Development BankThe project will provide safe, sustainable and inclusive drinking water, and irrigation services to about 100,000 people who suffer from water insecurity in Thimphu and Gelephu municipalities (Thromdes) and Chhukha, Wangdue Phodrang, Zhemgang and Mongar districts (Dzongkhag) of Bhutan. It will adopt disaster- and climate-resilient designs and improve institutional and local communities' capacity for sustainable drinking water and irrigation services.Asian Development BankMinistry of Works and Human Settlement (MoWHS)Department of Engineering Services (DES)Asian Development BankAsian Development BankElma Morshedahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=42173-017 (Active)&officer= emorsheda@adb.org&division= Water and Urban Development Sector Office (SG-WUD)&projectcountry= BhutanBhutan27.38626 90.42845Accelerating progress in gender equalityStrengthening governance and institutional capacityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityPromoting rural development and food securityMaking cities more livableGovernance and capacity developmentPartnershipsEnvironmentally sustainable growthInclusive economic growthKnowledge solutionsEffective gender mainstreaming (EGM)6000000Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)1000000.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)677494.25Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)250806.45Asian Development BankMinistry of Works and Human Settlement (MoWHS)1804457.72Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)15000.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)607616.73Asian Development BankMinistry of Works and Human Settlement (MoWHS)PerformanceFiduciaryOutput/s as listed by the project staff.Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least 20 staff (33% of whom are women) from MOWHS, MOAF, municipal units, and dzongkhags and Thimphu thromde reported improved knowledge in safe, sustainable, and climate-resilient water service delivery, and in developing public-private partnerships for water and agriculture Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Post-training assessment/survey from capacity-building, and awareness activities Actual value: Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least 200 locals and/or WUA members (33% of whom are women or disadvantaged persons) reported improved knowledge in O&M skills, asset management, water governance, and climate resilience of water infrastructure Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Post-training assessment/survey from capacity-building, and awareness activities Baseline year: 2022 Baseline value: Not applicable Baseline year: 2022 Baseline value: Not applicable Target year: 2029 Target value: 200Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least one WUA with by-laws established (with membership comprising at least 33% women or disadvantaged persons) and operational for the Hetshosamchu and Zhemgang schemes Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Copy of endorsed plans, and quarterly progress reports Actual value: Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: Service sustainability plan, with clear O&M financing strategy and responsibilities, and water safety plans for Hetshosamchu, Thimphu, and Zhemgang, finalized and made effective by local governments by 2026 Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Copy of endorsed plans, and quarterly progress reports Baseline year: 2022 Baseline value: Not applicable Baseline year: 2022 Baseline value: Not applicable Target year: 2026 Target value: 0Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least 1,500 people (50% of whom are women or disadvantaged persons) reported improved awareness on climate resilience; water, sanitation, and hygiene; water resources conservation; and integrated water resource managemen Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Post-training assessment or survey from capacity-building and awareness activities Baseline year: 2022 Baseline value: Not applicable Baseline year: 2022 Baseline value: Not applicable Target year: 2029 Target value: 1500Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least 500 women or adolescent girls reported increased knowledge of menstrual hygiene Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Post-training assessment or survey from capacity-building and awareness activities Baseline year: 2022 Baseline value: Not applicable Baseline year: 2022 Baseline value: Not applicable Target year: 2029 Target value: 500Output: Climate- and disaster-resilient drinking water supply and irrigation infrastructure developed Indicator: One new drinking water supply system for Thimphu-Pamtsho commissioned, including a water treatment plant of at least 1.4 MLD and at least 16 km DMA-based new water distribution network with disaster- and climate-resilient measures Achievement: 1 Progress/Status: The following packages have been awarded: (i) CW-01: Construction of Distribution Network for Pamtsho, Thimphu, and (ii) DB-01: Construction of Water Treatment Plant for Pamtsho, Thimphu in August 2023. Site possession for both packages has been completed, and contractors' staff mobilization has been initiated. Physical progress is 100% (DB-01) and 100% (CW-01). Data Source: PMU's annual reports, project quarterly progress reportsOutput: Climate- and disaster-resilient drinking water supply and irrigation infrastructure developed Indicator: One integrated irrigation with drinking water scheme in Zhemgang developed, including: at least 18 km transmission line (total design capacity of 250 liters per second) constructed; 0.8 MLD treatment plant rehabilitated; 6 km DMA-based distribution network (drinking water) constructed; and 12 km of total irrigation pipeline constructed and/or rehabilitated with disaster- and climate-resilient measures Progress/Status: The work has been awarded, and the contractor has mobilized since October 2024—physical progress - 55%. Data Source: PMU's annual reports, project quarterly progress reports Actual value: Output: Climate- and disaster-resilient drinking water supply and irrigation infrastructure developed Indicator: One integrated irrigation with drinking water scheme in Hetshosamchu developed, including: at least 20 km transmission line (total design capacity of 608 liters per second) constructed; pretreatment and disinfection systems of 0.3 MLD total capacity (drinking water) developed; 20 km of distribution network (drinking water) constructed; and 17 km of total irrigation pipeline constructed with disaster- and climate-resilient measures Progress/Status: The procurement of Construction of integrated drinking water and irrigation for Hetsotsamchu (CW03a) commenced in May 2026, and the bidding document for implementation of efficiency and resilience improvement for irrigation and drinking water supply distribution in Hetsotsamchu is ongoing. Data Source: PMU's annual reports, project quarterly progress reports Actual value: Output: Climate-smart water management systems established Indicator: Climate-smart water management system designed and commissioned for the three schemes Progress/Status: The bidding documents for package G-01 are yet to be prepared. The tender process will be initiated indicatively in Q1 2026. Data Source: PMU's annual reports, and project quarterly progress reports Actual value: Output: Solutions for improved and climate-resilient farmers' livelihoods introduced Indicator: At least 10 pilot plots per scheme (50% of which are owned or led by women) established to demonstrate resilient crop diversification, farming practices, and irrigation, and replication plans developed and endorsed by MOAF and/or dzongkhags Progress/Status: The bidding document for package G-01 is yet to be prepared. The tender process will be initiated indicatively in Q2 2025. Data Source: PMU's annual reports, and project quarterly progress reports Actual value: Output: Solutions for improved and climate-resilient farmers' livelihoods introduced Indicator: At least 300 farmers (50% women, youth, or people with disabilities) reported increased skills for resilient crop diversification, farming practices, and irrigation established Progress/Status: The recruitment for the CSO/NGO consultancy to support the grant implementation initiated indicatively in Q1 2026. Data Source: Post-training assessment or survey from capacity-building and awareness activities Actual value: Output: Solutions for improved and climate-resilient farmers' livelihoods introduced Indicator: At least three community plans (one per gewog) for improved marketing and value addition developed Progress/Status: The recruitment for the CSO/NGO consultancy to support the grant implementation initiated indicatively in Q1 2026. Data Source: Post-training assessment or survey from capacity-building and awareness activities Actual value: Resilience of residents and farmers to climate and disaster risks strengthenedAt least 2,311 additional households in urban areas and 386 households in rural areas and two schools received continuous drinking water supply that meets national water quality standards Data Source: MOWHS and Ministry of Health annual reports Actual value: Annual cropped area increased to 1,530 acres, and crop intensity increased to 150% Data Source: PMU's annual reports and MOAF annual reports Actual value: XM-DAC-46004-42173-017-LN4281Asian Development BankThe project will provide safe, sustainable and inclusive drinking water, and irrigation services to about 100,000 people who suffer from water insecurity in Thimphu and Gelephu municipalities (Thromdes) and Chhukha, Wangdue Phodrang, Zhemgang and Mongar districts (Dzongkhag) of Bhutan. It will adopt disaster- and climate-resilient designs and improve institutional and local communities' capacity for sustainable drinking water and irrigation services.Asian Development BankMinistry of Works and Human Settlement (MoWHS)Department of Engineering Services (DES)Asian Development BankAsian Development BankElma Morshedahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=42173-017 (Active)&officer= emorsheda@adb.org&division= Water and Urban Development Sector Office (SG-WUD)&projectcountry= BhutanBhutan27.38626 90.42845Accelerating progress in gender equalityStrengthening governance and institutional capacityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityPromoting rural development and food securityMaking cities more livableGovernance and capacity developmentPartnershipsEnvironmentally sustainable growthInclusive economic growthKnowledge solutionsEffective gender mainstreaming (EGM)14000000Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)500000.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)148960.90Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)1218.41Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)53644.87Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)245151.58Asian Development BankMinistry of Works and Human Settlement (MoWHS)500000.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)170740.16Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)146741.70Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)8507.17Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)8874.83Asian Development BankMinistry of Works and Human Settlement (MoWHS)286720.94Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)113538.99Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)1010891.72Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)1218.41Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)4137.85Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)8507.17Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)8874.83Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)9960.33Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)10891.72Asian Development BankMinistry of Works and Human Settlement (MoWHS)0.00Asian Development BankMinistry of Works and Human Settlement (MoWHS)PerformanceFiduciaryOutput/s as listed by the project staff.Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least 20 staff (33% of whom are women) from MOWHS, MOAF, municipal units, and dzongkhags and Thimphu thromde reported improved knowledge in safe, sustainable, and climate-resilient water service delivery, and in developing public-private partnerships for water and agriculture Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Post-training assessment/survey from capacity-building, and awareness activities Actual value: Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least 200 locals and/or WUA members (33% of whom are women or disadvantaged persons) reported improved knowledge in O&M skills, asset management, water governance, and climate resilience of water infrastructure Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Post-training assessment/survey from capacity-building, and awareness activities Baseline year: 2022 Baseline value: Not applicable Baseline year: 2022 Baseline value: Not applicable Target year: 2029 Target value: 200Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least one WUA with by-laws established (with membership comprising at least 33% women or disadvantaged persons) and operational for the Hetshosamchu and Zhemgang schemes Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Copy of endorsed plans, and quarterly progress reports Actual value: Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: Service sustainability plan, with clear O&M financing strategy and responsibilities, and water safety plans for Hetshosamchu, Thimphu, and Zhemgang, finalized and made effective by local governments by 2026 Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Copy of endorsed plans, and quarterly progress reports Baseline year: 2022 Baseline value: Not applicable Baseline year: 2022 Baseline value: Not applicable Target year: 2026 Target value: 0Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least 1,500 people (50% of whom are women or disadvantaged persons) reported improved awareness on climate resilience; water, sanitation, and hygiene; water resources conservation; and integrated water resource managemen Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Post-training assessment or survey from capacity-building and awareness activities Baseline year: 2022 Baseline value: Not applicable Baseline year: 2022 Baseline value: Not applicable Target year: 2029 Target value: 1500Output: Capacity, governance, and awareness of inclusive, resilient, and sustainable water management strengthened Indicator: At least 500 women or adolescent girls reported increased knowledge of menstrual hygiene Progress/Status: A series of consultation meetings with the farmers was conducted in line with the JFPR outputs (i.e., the existing system of water institutions, gaps, issues, and the farmers' expectations on improved and sustainable water management for the integrated water supply system, WASH, among others). The recruitment started as of Q1 2025. The Trust Fund Coordinator was mobilized in December 2024. Data Source: Post-training assessment or survey from capacity-building and awareness activities Baseline year: 2022 Baseline value: Not applicable Baseline year: 2022 Baseline value: Not applicable Target year: 2029 Target value: 500Output: Climate- and disaster-resilient drinking water supply and irrigation infrastructure developed Indicator: One new drinking water supply system for Thimphu-Pamtsho commissioned, including a water treatment plant of at least 1.4 MLD and at least 16 km DMA-based new water distribution network with disaster- and climate-resilient measures Achievement: 1 Progress/Status: The following packages have been awarded: (i) CW-01: Construction of Distribution Network for Pamtsho, Thimphu, and (ii) DB-01: Construction of Water Treatment Plant for Pamtsho, Thimphu in August 2023. Site possession for both packages has been completed, and contractors' staff mobilization has been initiated. Physical progress is 100% (DB-01) and 100% (CW-01). Data Source: PMU's annual reports, project quarterly progress reportsOutput: Climate- and disaster-resilient drinking water supply and irrigation infrastructure developed Indicator: One integrated irrigation with drinking water scheme in Zhemgang developed, including: at least 18 km transmission line (total design capacity of 250 liters per second) constructed; 0.8 MLD treatment plant rehabilitated; 6 km DMA-based distribution network (drinking water) constructed; and 12 km of total irrigation pipeline constructed and/or rehabilitated with disaster- and climate-resilient measures Progress/Status: The work has been awarded, and the contractor has mobilized since October 2024—physical progress - 55%. Data Source: PMU's annual reports, project quarterly progress reports Actual value: Output: Climate- and disaster-resilient drinking water supply and irrigation infrastructure developed Indicator: One integrated irrigation with drinking water scheme in Hetshosamchu developed, including: at least 20 km transmission line (total design capacity of 608 liters per second) constructed; pretreatment and disinfection systems of 0.3 MLD total capacity (drinking water) developed; 20 km of distribution network (drinking water) constructed; and 17 km of total irrigation pipeline constructed with disaster- and climate-resilient measures Progress/Status: The procurement of Construction of integrated drinking water and irrigation for Hetsotsamchu (CW03a) commenced in May 2026, and the bidding document for implementation of efficiency and resilience improvement for irrigation and drinking water supply distribution in Hetsotsamchu is ongoing. Data Source: PMU's annual reports, project quarterly progress reports Actual value: Output: Climate-smart water management systems established Indicator: Climate-smart water management system designed and commissioned for the three schemes Progress/Status: The bidding documents for package G-01 are yet to be prepared. The tender process will be initiated indicatively in Q1 2026. Data Source: PMU's annual reports, and project quarterly progress reports Actual value: Output: Solutions for improved and climate-resilient farmers' livelihoods introduced Indicator: At least 10 pilot plots per scheme (50% of which are owned or led by women) established to demonstrate resilient crop diversification, farming practices, and irrigation, and replication plans developed and endorsed by MOAF and/or dzongkhags Progress/Status: The bidding document for package G-01 is yet to be prepared. The tender process will be initiated indicatively in Q2 2025. Data Source: PMU's annual reports, and project quarterly progress reports Actual value: Output: Solutions for improved and climate-resilient farmers' livelihoods introduced Indicator: At least 300 farmers (50% women, youth, or people with disabilities) reported increased skills for resilient crop diversification, farming practices, and irrigation established Progress/Status: The recruitment for the CSO/NGO consultancy to support the grant implementation initiated indicatively in Q1 2026. Data Source: Post-training assessment or survey from capacity-building and awareness activities Actual value: Output: Solutions for improved and climate-resilient farmers' livelihoods introduced Indicator: At least three community plans (one per gewog) for improved marketing and value addition developed Progress/Status: The recruitment for the CSO/NGO consultancy to support the grant implementation initiated indicatively in Q1 2026. Data Source: Post-training assessment or survey from capacity-building and awareness activities Actual value: Resilience of residents and farmers to climate and disaster risks strengthenedAt least 2,311 additional households in urban areas and 386 households in rural areas and two schools received continuous drinking water supply that meets national water quality standards Data Source: MOWHS and Ministry of Health annual reports Actual value: Annual cropped area increased to 1,530 acres, and crop intensity increased to 150% Data Source: PMU's annual reports and MOAF annual reports Actual value: XM-DAC-46004-54464-001-LN4340Asian Development BankThe project aims to increase the employability of youth in Bhutan and help the government reduce youth unemployment, which has risen because of the coronavirus disease (COVID-19) pandemic followed by the economic downturn. It will support the institutional capacity of the Ministry of Education and Skills Development (MESD) to implement its strategic plan for transforming the technical and vocational education and training (TVET) system. The project will help expand the breadth and depth of TVET courses for youth, especially job seekers, women, and people with disability, considering industry demands, youth aspirations, and emerging job opportunities. The teacher training and work-based training will also be supported to improve the quality and relevance of training. Further, aesthetically appealing, and green infrastructure in selected TVET institutions will be developed to increase TVET enrollment capacities and attract more youth to participate in TVET.Asian Development BankMinistry of Education and Skills DevelopmentAsian Development BankAsian Development BankRyotaro Hayashihttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=54464-001 (Active)&officer= rhayashi@adb.org&division= Human and Social Development Sector Office (SG-HSD)&projectcountry= BhutanBhutan27.38626 90.42845Accelerating progress in gender equalityPromoting rural development and food securityStrengthening governance and institutional capacityAddressing remaining poverty and reducing inequalitiesFostering regional cooperation and integrationTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityGovernance and capacity developmentPartnershipsEnvironmentally sustainable growthInclusive economic growthKnowledge solutionsRegional integrationPrivate sector developmentGender Equity and Mainstreaming30000000Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development2088719.51Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development5221.80Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development4645502.44Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development22470.59Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development436155.80Asian Development BankMinistry of Education and Skills Development34027.65Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development1443370.77Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development3129156.51Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development58988.82Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development5221.80Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development22470.59Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development34027.65Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development40879.63Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills Development58988.82Asian Development BankMinistry of Education and Skills Development0.00Asian Development BankMinistry of Education and Skills DevelopmentPerformanceFiduciaryOutput/s as listed by the project staff.Output: Digital and physical access to skills development increased Indicator: At least three TTIs (Chumey, Samthang, and Rangjung) and one RDTC (Zhemgang) with female-friendly, disability-inclusive, and climate- and disaster-resilient facilities and infrastructure constructed or upgraded Progress/Status: Contract of Package are work in progress: W-01 (TTI Chumey): 62.05% W-02 (TTI Chumey): 38.7%r W-03 (TTI Samthang): 38.7% c W-04 (TTI Rangjung): 14.8% W-05 (RDTC Zhemgang) :contract signed on 21 May 2026 and Work awarded to Druk Chabchab and Phuensum Builder Pvt Ltd (JV). Data Source: Project progress reports; TVET MIS to track increase in enrollment; post-training feedback or evaluation Actual value: Output: Digital and physical access to skills development increased Indicator: Enrollment at the TTIs in Chumey, Samthang, and Rangjung, and the RDTC in Zhemgang, increased to 2,000 (at least 670 females enrolled) Progress/Status: The enrollment across the four institutions (TTI-Chumey, TTI-Rangjung, TTI-Samthang, and RDTC-Zhemgang) for 2024 & 2025 is 1,151 ( out of which female enrollment is 421), which is 36.6% of total enrollments & 963 (267 Female), which accounts to 27.7% respectively. Data Source: Project progress reports; TVET MIS to track increase in enrollment; post-training feedback or evaluation Actual value: Output: Digital and physical access to skills development increased Indicator: At least 40% of online course participants (40% are females, and 5% are people with disability or people from the LGBT+ community) reported increased knowledge of the course content (2022 baseline: 18.6% of the total online course participants [38% of the enrolled learners are female] learned frequently using online platform) Progress/Status: A total of 43 participants, comprising TVET trainers and premier school teachers, attended the online IBM Skills Build program, out of which 30% were female (13 participants) 90% reported increased knowledge of the course content ( 10 respondent) The e-Skills Empowerment Program ,the online learning through MOOC with Coursera for 700 licenses has been rolled out In April 2026 ( Female 227, Male 369) Data Source: Project progress reports; TVET MIS to track increase in enrollment; post-training feedback or evaluation Actual value: Output: Industry partnerships and private sector engagement in TVET promoted Indicator: At least 65% of graduates from six TTIs completed work-based training, internships, or industry-collaboration capstone projects (at least 33% of six TTI graduates are female, and 5% are students with disability or LGBT+ individuals) Progress/Status: 1287 & 1640 graduates completed work-based training, internship or on-job training, out of which 376 & 476 were female graduates ( 29.2% & 29%) respectively. Data Source: Project progress report; TVET MIS Actual value: Output: Industry partnerships and private sector engagement in TVET promoted Indicator: Apprenticeship program established with at least 60 companies each year Progress/Status: 248 & 280 active linkages established by the institutes with local industries and companies in Year 2024 and 2025 respectively. Data Source: Project progress report; TVET MIS Actual value: Output: Industry partnerships and private sector engagement in TVET promoted Indicator: At least 1,000 youth enrollees received a national certificate or diploma from private training providers (of whom at least 550 students are female and 80 are students with disability) Progress/Status: 805 youths were trained in more than 10 different courses & awarded the Institute Certificate, out of which 441 are female and 60 are youth with disability, which accounts to 54.78% and 7.45% respectively) Data Source: Project progress report; TVET MIS Actual value: Output: Quality of skills training enhanced Indicator: 30% of trained trainers are female Data Source: Project progress report; TVET MIS Actual value: Output: Quality of skills training enhanced Indicator: At least 180 accredited technical and vocational courses, including diversified disciplines, implemented by TTIs and private training providers Progress/Status: A total of 68 & 95 courses at BQF Level 2, 3 & Diploma offered across public and private training institutes are accredited. Data Source: Project progress report; TVET MIS Actual value: Output: Quality of skills training enhanced Indicator: At least 60% of instructors at nine public TVET institutions and seven TVET premier schools reported increased knowledge or skills on conducting courses in inclusive or emerging skills and jobs (30% of trained trainers are female) Progress/Status: A total of 376 instructors were trained, out of which 150 are female instructors (33.63%). Data Source: Project progress report; TVET MIS Actual value: Output: TVET image and institutional capacity strengthened Indicator: 33% of applications from females and 4% from youth with disability Data Source: TVET MIS Actual value: Output: TVET image and institutional capacity strengthened Indicator: Number of applications for accredited TVET courses increased to 4,000 (33% of applications from females and 4% from youth with disability)d (2022 baseline: 3,352 applications of which 26% are from females) Progress/Status: A total of 9042 & 7195 applications were received in TVET accredited courses, of which 2472 & 1977 were females (27.4% & 27.5 %) in Year 2024 & 2025 respectively. Data Source: TVET MIS Actual value: Output: TVET image and institutional capacity strengthened Indicator: At least three new international and national partnerships established for TTIs or SEN schools Progress/Status: 3 Linkages with the following institute established ○ Asian Institute of Hospitality & Management, Thailand ○ Chaiseri Metal and Rubber Co. Ltd, Thailand ○ Thai Orchids Group, Thailand Data Source: Project progress reports Actual value: Output: TVET image and institutional capacity strengthened Indicator: At least three national skills competition events organized with at least 100 student participants in total, and event summary disseminated to youth through social media and videos through social media and videos Progress/Status: 2 national skills competition coordinated ( April 2024 and May 2025) with 46 students and 49 participated respectively Data Source: Project progress reports and MESD social media and website Actual value: Output: TVET image and institutional capacity strengthened Indicator: National school disaster management plan updated with gender-inclusive and climate- and disaster-resilient measures Progress/Status: Consultant recruited on 3 March 2025 to develop National school disaster management plan developed. The plan outlines a comprehensive framework to strengthen and enhance disaster risk reduction, emergency preparedness, response mechanisms, and recovery processes within the education sector. Data Source: Updated plan disclosed on the MESD website Actual value: Employability of skilled youth increased65% of TTI graduates (63% of female TTI graduates) employed or self-employed within 6 months of completing their courses Progress/Status: a. A total of 403 female TTI graduates got employed, out of which 198 (49.1%) female graduates were employed within 6 months of completing their courses. (Source: TVE tracer report 2025) (Attached as appendix 7.9, Data ex Data Source: TVET MIS and tracer studies and/or impact assessment survey by the MESD Actual value: At least 80% of employers that recruited female TVET graduates are satisfied with their performance Progress/Status: 82.4% of employers that recruited female TVET graduates reported that they have the technical skills and competencies needed by the organization. (Source: TVET Employer Survey, 2024) (Attached as appendix 7.10, pages from th Data Source: Employer satisfaction survey by the MESD Actual value: XM-DAC-46004-56335-001-LN6051Asian Development BankThe project readiness financing (PRF) is proposed to complete detailed engineering studies, environmental and social impact assessments, and bid document preparation for two hydropower projects: (i) the Bunakha hydropower project (180 megawatt [MW]), and (ii) the Nyera Amari hydropower project (404 MW). In 2019, these projects were included in Bhutan's power system master plan for 2040.Asian Development BankDruk Green Power Corporation LimitedAsian Development BankAsian Development BankKaoru Oginohttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=56335-001 (Approved)&officer= kogino@adb.org&division= Energy Sector Office (SG-ENE)&projectcountry= BhutanBhutan27.38626 90.42845Strengthening governance and institutional capacityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityPartnershipsEnvironmentally sustainable growthGovernance and capacity developmentKnowledge solutionsInclusive economic growth5000000Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited137900.00Asian Development BankDruk Green Power Corporation Limited164105.42Asian Development BankDruk Green Power Corporation Limited22142.44Asian Development BankDruk Green Power Corporation Limited539.33Asian Development BankDruk Green Power Corporation Limited10499.33Asian Development BankDruk Green Power Corporation Limited46258.71Asian Development BankDruk Green Power Corporation Limited6883.72Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited1383544.92Asian Development BankDruk Green Power Corporation Limited3000.24Asian Development BankDruk Green Power Corporation Limited9820.79Asian Development BankDruk Green Power Corporation Limited22688.60Asian Development BankDruk Green Power Corporation Limited8336.32Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited30606.68Asian Development BankDruk Green Power Corporation Limited9036.97Asian Development BankDruk Green Power Corporation Limited539.33Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited3000.24Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited9036.97Asian Development BankDruk Green Power Corporation LimitedPerformanceFiduciaryOutput/s as listed by the project staff.Output: Output 1 Indicator: Bunakha hydropower project preparedOutput: Output 1 Indicator: Nyera Amari hydropower project prepared XM-DAC-46004-56010-002-LN4453Asian Development BankThe proposed Fiscal Sustainability and Green Recovery Program (Subprogram 2) prioritizes follow-on reforms to implement the frameworks and strategies pursued under Subprogram 1, especially a medium-term revenue strategy (MTRS), state-owned enterprise (SOE) reform strategy and performance, promotion of CSIs and the creative industry, a national adaptation plan (NAP), and a climate-resilient development strategy. Subprogram 1 focused on medium-term institutional and policy frameworks to boost the efficiency of revenue administration, SOE management, private sector and skills development, and climate change adaptation and mitigation measures. The program focuses on 3 reform areas: (i) strengthening domestic resource mobilization, (ii) promoting private sector development, and (iii) facilitating green recovery.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankSapkota, Chandanhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=56010-002 (Active)&officer= csapkota@adb.org&division= Public Sector Management and Governance Sector Office (SG-PSMG)&projectcountry= BhutanBhutan27.38626 90.42845Effective gender mainstreaming (EGM)Addressing remaining poverty and reducing inequalitiesAccelerating progress in gender equalityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityPromoting rural development and food securityStrengthening governance and institutional capacity40000000Asian Development BankMinistry of Finance40000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance87777.78Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance200000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance200000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance200000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryPolicy Action/s as listed by the project staff. Action 1: 1.1. (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Action 2: 1.2. The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Action 3: 1.3. MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025, to restructure and improve management and governance of SOEs and to lower the fiscal burden. Action 4: 1.4. MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Action 1: 2.1. (i) The parliament enacted the Property Tax Act 2022 effective January 2023 to revise property tax rates to boost revenue;g and (ii) MOF operationalized eCMS in October 2023, following the amendment of 2017 Customs Rules and Regulations, to simplify customs clearance procedures and boost revenue. Action 2: 2.2. MOF approved (i) a MTRS effective April 2024 to enhance revenue mobilization and strengthen macro-fiscal framework; and (ii) the Sustainable Financing Framework 2024 effective April 2024 to diversify sources of financing. Action 3: 2.3. MOF commenced the implementation of the SOE Reform Strategy FY2023-FY2027 starting with (i) the amendment of Performance Management System Guidelines 2023, which entails revision of APCk to recalibrate the weightage for financial and non-financial indicators, to enhance SOE governance and management, and to better reflect SOEs' performance with APC score starting FY2024; (ii) the amalgamation of National CSI Development Bank Limited with Bhutan Development Bank Limited effective October 2023 following a Cabinet decision and RMA authorization; and (iii) the approval of CSO guidelines to rationalize subsidies by establishing proper financing procedures for CSOs, and specifying structural separation of business and non-business functions of SOEs. Action 4: 2.4 MOF, following 2023 PEFA assessment, (i) approved the PFM Reform Strategy and Action Plan 2023-2028, inclusive of gender-responsive and climate-responsive PFM strategies, in October 2023 to deepen PFM reforms including revenue mobilization and rolling out an IFMISm; and (ii) published a yearly status update starting FY2024 on the strategy's implementation to enhance PFM reforms and address gaps identified in PEFA assessment. Action 1: 1.1. (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Action 2: 1.2. The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Action 3: 1.3. MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025, to restructure and improve management and governance of SOEs and to lower the fiscal burden. Action 4: 1.4. MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Action 1: 2.1. (i) The parliament enacted the Property Tax Act 2022 effective January 2023 to revise property tax rates to boost revenue;g and (ii) MOF operationalized eCMS in October 2023, following the amendment of 2017 Customs Rules and Regulations, to simplify customs clearance procedures and boost revenue. Action 2: 2.2. MOF approved (i) a MTRS effective April 2024 to enhance revenue mobilization and strengthen macro-fiscal framework; and (ii) the Sustainable Financing Framework 2024 effective April 2024 to diversify sources of financing. Action 3: 2.3. MOF commenced the implementation of the SOE Reform Strategy FY2023-FY2027 starting with (i) the amendment of Performance Management System Guidelines 2023, which entails revision of APCk to recalibrate the weightage for financial and non-financial indicators, to enhance SOE governance and management, and to better reflect SOEs' performance with APC score starting FY2024; (ii) the amalgamation of National CSI Development Bank Limited with Bhutan Development Bank Limited effective October 2023 following a Cabinet decision and RMA authorization; and (iii) the approval of CSO guidelines to rationalize subsidies by establishing proper financing procedures for CSOs, and specifying structural separation of business and non-business functions of SOEs. Action 4: 2.4 MOF, following 2023 PEFA assessment, (i) approved the PFM Reform Strategy and Action Plan 2023-2028, inclusive of gender-responsive and climate-responsive PFM strategies, in October 2023 to deepen PFM reforms including revenue mobilization and rolling out an IFMISm; and (ii) published a yearly status update starting FY2024 on the strategy's implementation to enhance PFM reforms and address gaps identified in PEFA assessment. Action 1: 1.1. (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Action 2: 1.2. The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Action 3: 1.3. MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025, to restructure and improve management and governance of SOEs and to lower the fiscal burden. Action 4: 1.4. MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Action 1: 2.1. (i) The parliament enacted the Property Tax Act 2022 effective January 2023 to revise property tax rates to boost revenue;g and (ii) MOF operationalized eCMS in October 2023, following the amendment of 2017 Customs Rules and Regulations, to simplify customs clearance procedures and boost revenue. Action 2: 2.2. MOF approved (i) a MTRS effective April 2024 to enhance revenue mobilization and strengthen macro-fiscal framework; and (ii) the Sustainable Financing Framework 2024 effective April 2024 to diversify sources of financing. Action 3: 2.3. MOF commenced the implementation of the SOE Reform Strategy FY2023-FY2027 starting with (i) the amendment of Performance Management System Guidelines 2023, which entails revision of APCk to recalibrate the weightage for financial and non-financial indicators, to enhance SOE governance and management, and to better reflect SOEs' performance with APC score starting FY2024; (ii) the amalgamation of National CSI Development Bank Limited with Bhutan Development Bank Limited effective October 2023 following a Cabinet decision and RMA authorization; and (iii) the approval of CSO guidelines to rationalize subsidies by establishing proper financing procedures for CSOs, and specifying structural separation of business and non-business functions of SOEs. Action 4: 2.4 MOF, following 2023 PEFA assessment, (i) approved the PFM Reform Strategy and Action Plan 2023-2028, inclusive of gender-responsive and climate-responsive PFM strategies, in October 2023 to deepen PFM reforms including revenue mobilization and rolling out an IFMISm; and (ii) published a yearly status update starting FY2024 on the strategy's implementation to enhance PFM reforms and address gaps identified in PEFA assessment. Action 1: 1.1. (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Action 2: 1.2. The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Action 3: 1.3. MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025, to restructure and improve management and governance of SOEs and to lower the fiscal burden. Action 4: 1.4. MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Action 1: 2.1. (i) The parliament enacted the Property Tax Act 2022 effective January 2023 to revise property tax rates to boost revenue;g and (ii) MOF operationalized eCMS in October 2023, following the amendment of 2017 Customs Rules and Regulations, to simplify customs clearance procedures and boost revenue. Action 2: 2.2. MOF approved (i) a MTRS effective April 2024 to enhance revenue mobilization and strengthen macro-fiscal framework; and (ii) the Sustainable Financing Framework 2024 effective April 2024 to diversify sources of financing. Action 3: 2.3. MOF commenced the implementation of the SOE Reform Strategy FY2023-FY2027 starting with (i) the amendment of Performance Management System Guidelines 2023, which entails revision of APCk to recalibrate the weightage for financial and non-financial indicators, to enhance SOE governance and management, and to better reflect SOEs' performance with APC score starting FY2024; (ii) the amalgamation of National CSI Development Bank Limited with Bhutan Development Bank Limited effective October 2023 following a Cabinet decision and RMA authorization; and (iii) the approval of CSO guidelines to rationalize subsidies by establishing proper financing procedures for CSOs, and specifying structural separation of business and non-business functions of SOEs. Action 4: 2.4 MOF, following 2023 PEFA assessment, (i) approved the PFM Reform Strategy and Action Plan 2023-2028, inclusive of gender-responsive and climate-responsive PFM strategies, in October 2023 to deepen PFM reforms including revenue mobilization and rolling out an IFMISm; and (ii) published a yearly status update starting FY2024 on the strategy's implementation to enhance PFM reforms and address gaps identified in PEFA assessment. Action 1: 1.5. The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Action 2: 1.6. MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Action 3: 1.7. MoEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Action 4: 1.8. (i) The Cabinet approved TVET Reform Plan 2021—including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses— to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Action 1: 2.5. The Cabinet (i) established an Economic Development Board effective March 2024 to encourage domestic and foreign direct investment; (ii) approved Trade and Industry Rules 2023—a harmonized, consolidated, and updated rules and regulations governing private sector development—to promote investment and trade; and (iii) amended PPP Policy in April 2024 to facilitate private sector participation in the provision of infrastructure and services delivery. Action 2: 2.6. MoEA developed and operationalized an IBLSp, following CSI Policy 2019, effective 2023 to enhance ease of doing business for CSIs, especially end-to-end automation including digitization of registration and approval processes. Action 3: 2.7. (i) The government operationalized the Government to Business Service Center effective August 2023 by consolidating and simplifying G2C, G2B, and G2G services to promote private sector development and digitization; (ii) MoICE operationalized a Harmonized Product Standardization and Certification System Portal to promote digitization in trade services effective 2023. Action 4: 2.8. (i) The Cabinet approved National Education Policy, integrating TVET, effective April 2024t; (ii) the government established Bhutan Qualification and Professional Certification Authority as a new regulatory authority for TVET, as per the administrative reorganization by Royal Civil Service Commission in December 2022; and (iii) MoESD approved National TVET Gender Strategy 2024-2028 to promote gender equality in TVET. Action 1: 1.5. The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Target date: 2022-09-30 Target value: reduced to at most 2 workPolicy 2: Promoting private sector development NA Action 2: 1.6. MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Target date: 2022-09-30 Target value: reduced to at most 2 work Action 3: 1.7. MoEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Target date: 2022-09-30 Target value: reduced to at most 2 work Action 4: 1.8. (i) The Cabinet approved TVET Reform Plan 2021—including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses— to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Target date: 2022-09-30 Target value: reduced to at most 2 work Action 1: 2.5. The Cabinet (i) established an Economic Development Board effective March 2024 to encourage domestic and foreign direct investment; (ii) approved Trade and Industry Rules 2023—a harmonized, consolidated, and updated rules and regulations governing private sector development—to promote investment and trade; and (iii) amended PPP Policy in April 2024 to facilitate private sector participation in the provision of infrastructure and services delivery. Target date: 2024-06-30 Target value: reduced to at most 2 workPolicy 2: Promoting private sector development NA Action 2: 2.6. MoEA developed and operationalized an IBLSp, following CSI Policy 2019, effective 2023 to enhance ease of doing business for CSIs, especially end-to-end automation including digitization of registration and approval processes. Target date: 2024-06-30 Target value: reduced to at most 2 work Action 3: 2.7. (i) The government operationalized the Government to Business Service Center effective August 2023 by consolidating and simplifying G2C, G2B, and G2G services to promote private sector development and digitization; (ii) MoICE operationalized a Harmonized Product Standardization and Certification System Portal to promote digitization in trade services effective 2023. Target date: 2024-06-30 Target value: reduced to at most 2 work Action 4: 2.8. (i) The Cabinet approved National Education Policy, integrating TVET, effective April 2024t; (ii) the government established Bhutan Qualification and Professional Certification Authority as a new regulatory authority for TVET, as per the administrative reorganization by Royal Civil Service Commission in December 2022; and (iii) MoESD approved National TVET Gender Strategy 2024-2028 to promote gender equality in TVET. Target date: 2024-06-30 Target value: reduced to at most 2 work Action 1: 1.5. The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Action 2: 1.6. MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Action 3: 1.7. MoEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Action 4: 1.8. (i) The Cabinet approved TVET Reform Plan 2021—including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses— to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Action 1: 2.5. The Cabinet (i) established an Economic Development Board effective March 2024 to encourage domestic and foreign direct investment; (ii) approved Trade and Industry Rules 2023—a harmonized, consolidated, and updated rules and regulations governing private sector development—to promote investment and trade; and (iii) amended PPP Policy in April 2024 to facilitate private sector participation in the provision of infrastructure and services delivery. Action 2: 2.6. MoEA developed and operationalized an IBLSp, following CSI Policy 2019, effective 2023 to enhance ease of doing business for CSIs, especially end-to-end automation including digitization of registration and approval processes. Action 3: 2.7. (i) The government operationalized the Government to Business Service Center effective August 2023 by consolidating and simplifying G2C, G2B, and G2G services to promote private sector development and digitization; (ii) MoICE operationalized a Harmonized Product Standardization and Certification System Portal to promote digitization in trade services effective 2023. Action 4: 2.8. (i) The Cabinet approved National Education Policy, integrating TVET, effective April 2024t; (ii) the government established Bhutan Qualification and Professional Certification Authority as a new regulatory authority for TVET, as per the administrative reorganization by Royal Civil Service Commission in December 2022; and (iii) MoESD approved National TVET Gender Strategy 2024-2028 to promote gender equality in TVET. Action 1: 1.5. The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Action 2: 1.6. MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Action 3: 1.7. MoEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Action 4: 1.8. (i) The Cabinet approved TVET Reform Plan 2021—including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses— to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Action 1: 2.5. The Cabinet (i) established an Economic Development Board effective March 2024 to encourage domestic and foreign direct investment; (ii) approved Trade and Industry Rules 2023—a harmonized, consolidated, and updated rules and regulations governing private sector development—to promote investment and trade; and (iii) amended PPP Policy in April 2024 to facilitate private sector participation in the provision of infrastructure and services delivery. Action 2: 2.6. MoEA developed and operationalized an IBLSp, following CSI Policy 2019, effective 2023 to enhance ease of doing business for CSIs, especially end-to-end automation including digitization of registration and approval processes. Action 3: 2.7. (i) The government operationalized the Government to Business Service Center effective August 2023 by consolidating and simplifying G2C, G2B, and G2G services to promote private sector development and digitization; (ii) MoICE operationalized a Harmonized Product Standardization and Certification System Portal to promote digitization in trade services effective 2023. Action 4: 2.8. (i) The Cabinet approved National Education Policy, integrating TVET, effective April 2024t; (ii) the government established Bhutan Qualification and Professional Certification Authority as a new regulatory authority for TVET, as per the administrative reorganization by Royal Civil Service Commission in December 2022; and (iii) MoESD approved National TVET Gender Strategy 2024-2028 to promote gender equality in TVET. Action 1: 1.9. NEC approved regulations on substances that deplete the ozone layer and HFCs effective January 2022 to regulate production, import and export of ODS and HFCs as well as ODS-containing products, in accordance with the country's obligations under the Vienna Convention and the Montreal Protocol. Action 2: 1.10. MoEA approved the revised Alternative Renewable Energy Policy 2022 effective August 2022 to promote and diversify energy mix and reduce overreliance on hydropower. Action 3: 1.11. RMA approved guidelines for green finance taxonomy to facilitate categorization of projects for lending by financial sector and promote green finance, including priority accorded to women-owned or women-led businesses. Action 1: 2.9. DECC approved a gender-responsive NAP 2023 and started its implementation with the endorsement of NAP sectoral implementation roadmaps, including a financing strategy, for agriculture, energy, and water sectors to promote gender-responsive adaptation measures in line with the Paris Agreement and limit fiscal cost of climate change-induced shocks and stresses. Action 2: 2.10. (i) DECC approved a Long-term Low Greenhouse Gas Emission and Climate Resilient Development Strategy, inclusive of gender-responsive strategy, following Climate Change Policy 2020, to provide long-term direction on mitigation measures, and to affirm commitment to staying carbon neutral; and (ii) Ministry of Energy and Natural Resources approved the Guideline for Development of Distributed Energy Resources System 2023 to promote diversification of energy sources and reduce overreliance on hydropower. Action 3: 2.11. (i) MOF approved the economy-wide Green Finance Taxonomy of Bhutan, including determination of eligible activities and technical screening criteria, in April 2024 to promote financial flows towards activities that support sustainable development (ii) RMA started implementation of green taxonomy in financial sector and approved ESRM guidelines in April 2024; and (iii) the Cabinet approved the establishment of Bhutan Climate Fund in October 2023 and the DECC established a Technical Working Group for Carbon Credit to coordinate and facilitate the country's participation in global carbon market. Action 1: 1.9. NEC approved regulations on substances that deplete the ozone layer and HFCs effective January 2022 to regulate production, import and export of ODS and HFCs as well as ODS-containing products, in accordance with the country's obligations under the Vienna Convention and the Montreal Protocol. Action 2: 1.10. MoEA approved the revised Alternative Renewable Energy Policy 2022 effective August 2022 to promote and diversify energy mix and reduce overreliance on hydropower. Action 3: 1.11. RMA approved guidelines for green finance taxonomy to facilitate categorization of projects for lending by financial sector and promote green finance, including priority accorded to women-owned or women-led businesses. Action 1: 2.9. DECC approved a gender-responsive NAP 2023 and started its implementation with the endorsement of NAP sectoral implementation roadmaps, including a financing strategy, for agriculture, energy, and water sectors to promote gender-responsive adaptation measures in line with the Paris Agreement and limit fiscal cost of climate change-induced shocks and stresses. Action 2: 2.10. (i) DECC approved a Long-term Low Greenhouse Gas Emission and Climate Resilient Development Strategy, inclusive of gender-responsive strategy, following Climate Change Policy 2020, to provide long-term direction on mitigation measures, and to affirm commitment to staying carbon neutral; and (ii) Ministry of Energy and Natural Resources approved the Guideline for Development of Distributed Energy Resources System 2023 to promote diversification of energy sources and reduce overreliance on hydropower. Action 3: 2.11. (i) MOF approved the economy-wide Green Finance Taxonomy of Bhutan, including determination of eligible activities and technical screening criteria, in April 2024 to promote financial flows towards activities that support sustainable development (ii) RMA started implementation of green taxonomy in financial sector and approved ESRM guidelines in April 2024; and (iii) the Cabinet approved the establishment of Bhutan Climate Fund in October 2023 and the DECC established a Technical Working Group for Carbon Credit to coordinate and facilitate the country's participation in global carbon market.Reform area: Strengthening domestic resource mobilization Outcome: a. Customs revenue increased by 15% (FY2017-FY2019 average growth baseline: 6.4%) Description: 1.1. (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration.Reform area: Strengthening domestic resource mobilization Outcome: a. Customs revenue increased by 15% (FY2017-FY2019 average growth baseline: 6.4%) Description: 1.2. The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality.Reform area: Strengthening domestic resource mobilization Outcome: a. Customs revenue increased by 15% (FY2017-FY2019 average growth baseline: 6.4%) Description: 1.3. MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025, to restructure and improve management and governance of SOEs and to lower the fiscal burden.Reform area: Strengthening domestic resource mobilization Outcome: a. Customs revenue increased by 15% (FY2017-FY2019 average growth baseline: 6.4%) Description: 1.4. MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties.Reform area: Strengthening domestic resource mobilization Outcome: a. Customs revenue increased by 15% (FY2017-FY2019 average growth baseline: 6.4%) Description: 2.1. (i) The parliament enacted the Property Tax Act 2022 effective January 2023 to revise property tax rates to boost revenue;g and (ii) MOF operationalized eCMS in October 2023, following the amendment of 2017 Customs Rules and Regulations, to simplify customs clearance procedures and boost revenue.Reform area: Strengthening domestic resource mobilization Outcome: a. Customs revenue increased by 15% (FY2017-FY2019 average growth baseline: 6.4%) Description: 2.2. MOF approved (i) a MTRS effective April 2024 to enhance revenue mobilization and strengthen macro-fiscal framework; and (ii) the Sustainable Financing Framework 2024 effective April 2024 to diversify sources of financing.Reform area: Strengthening domestic resource mobilization Outcome: a. Customs revenue increased by 15% (FY2017-FY2019 average growth baseline: 6.4%) Description: 2.3. MOF commenced the implementation of the SOE Reform Strategy FY2023-FY2027 starting with (i) the amendment of Performance Management System Guidelines 2023, which entails revision of APCk to recalibrate the weightage for financial and non-financial indicators, to enhance SOE governance and management, and to better reflect SOEs' performance with APC score starting FY2024; (ii) the amalgamation of National CSI Development Bank Limited with Bhutan Development Bank Limited effective October 2023 following a Cabinet decision and RMA authorization; and (iii) the approval of CSO guidelines to rationalize subsidies by establishing proper financing procedures for CSOs, and specifying structural separation of business and non-business functions of SOEs.Reform area: Strengthening domestic resource mobilization Outcome: a. Customs revenue increased by 15% (FY2017-FY2019 average growth baseline: 6.4%) Description: 2.4 MOF, following 2023 PEFA assessment, (i) approved the PFM Reform Strategy and Action Plan 2023-2028, inclusive of gender-responsive and climate-responsive PFM strategies, in October 2023 to deepen PFM reforms including revenue mobilization and rolling out an IFMISm; and (ii) published a yearly status update starting FY2024 on the strategy's implementation to enhance PFM reforms and address gaps identified in PEFA assessment.Reform area: Strengthening domestic resource mobilization Outcome: b. Tourism receipts from international visitors increased by 10% (FY2017-FY2019 average growth baseline: 9.0%) Description: 1.1. (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration.Reform area: Strengthening domestic resource mobilization Outcome: b. Tourism receipts from international visitors increased by 10% (FY2017-FY2019 average growth baseline: 9.0%) Description: 1.2. The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality.Reform area: Strengthening domestic resource mobilization Outcome: b. Tourism receipts from international visitors increased by 10% (FY2017-FY2019 average growth baseline: 9.0%) Description: 1.3. MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025, to restructure and improve management and governance of SOEs and to lower the fiscal burden.Reform area: Strengthening domestic resource mobilization Outcome: b. Tourism receipts from international visitors increased by 10% (FY2017-FY2019 average growth baseline: 9.0%) Description: 1.4. MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties.Reform area: Strengthening domestic resource mobilization Outcome: b. Tourism receipts from international visitors increased by 10% (FY2017-FY2019 average growth baseline: 9.0%) Description: 2.1. (i) The parliament enacted the Property Tax Act 2022 effective January 2023 to revise property tax rates to boost revenue;g and (ii) MOF operationalized eCMS in October 2023, following the amendment of 2017 Customs Rules and Regulations, to simplify customs clearance procedures and boost revenue.Reform area: Strengthening domestic resource mobilization Outcome: b. Tourism receipts from international visitors increased by 10% (FY2017-FY2019 average growth baseline: 9.0%) Description: 2.2. MOF approved (i) a MTRS effective April 2024 to enhance revenue mobilization and strengthen macro-fiscal framework; and (ii) the Sustainable Financing Framework 2024 effective April 2024 to diversify sources of financing.Reform area: Strengthening domestic resource mobilization Outcome: b. Tourism receipts from international visitors increased by 10% (FY2017-FY2019 average growth baseline: 9.0%) Description: 2.3. MOF commenced the implementation of the SOE Reform Strategy FY2023-FY2027 starting with (i) the amendment of Performance Management System Guidelines 2023, which entails revision of APCk to recalibrate the weightage for financial and non-financial indicators, to enhance SOE governance and management, and to better reflect SOEs' performance with APC score starting FY2024; (ii) the amalgamation of National CSI Development Bank Limited with Bhutan Development Bank Limited effective October 2023 following a Cabinet decision and RMA authorization; and (iii) the approval of CSO guidelines to rationalize subsidies by establishing proper financing procedures for CSOs, and specifying structural separation of business and non-business functions of SOEs.Reform area: Strengthening domestic resource mobilization Outcome: b. Tourism receipts from international visitors increased by 10% (FY2017-FY2019 average growth baseline: 9.0%) Description: 2.4 MOF, following 2023 PEFA assessment, (i) approved the PFM Reform Strategy and Action Plan 2023-2028, inclusive of gender-responsive and climate-responsive PFM strategies, in October 2023 to deepen PFM reforms including revenue mobilization and rolling out an IFMISm; and (ii) published a yearly status update starting FY2024 on the strategy's implementation to enhance PFM reforms and address gaps identified in PEFA assessment.Reform area: Strengthening domestic resource mobilization Outcome: c. At least 75% SOEs under MOF achieved APC score of 75 (FY2020 baseline: not applicable [revised APC not drafted yet]) Description: 1.1. (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration.Reform area: Strengthening domestic resource mobilization Outcome: c. At least 75% SOEs under MOF achieved APC score of 75 (FY2020 baseline: not applicable [revised APC not drafted yet]) Description: 1.2. The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality.Reform area: Strengthening domestic resource mobilization Outcome: c. At least 75% SOEs under MOF achieved APC score of 75 (FY2020 baseline: not applicable [revised APC not drafted yet]) Description: 1.3. MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025, to restructure and improve management and governance of SOEs and to lower the fiscal burden.Reform area: Strengthening domestic resource mobilization Outcome: c. At least 75% SOEs under MOF achieved APC score of 75 (FY2020 baseline: not applicable [revised APC not drafted yet]) Description: 1.4. MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties.Reform area: Strengthening domestic resource mobilization Outcome: c. At least 75% SOEs under MOF achieved APC score of 75 (FY2020 baseline: not applicable [revised APC not drafted yet]) Description: 2.1. (i) The parliament enacted the Property Tax Act 2022 effective January 2023 to revise property tax rates to boost revenue;g and (ii) MOF operationalized eCMS in October 2023, following the amendment of 2017 Customs Rules and Regulations, to simplify customs clearance procedures and boost revenue.Reform area: Strengthening domestic resource mobilization Outcome: c. At least 75% SOEs under MOF achieved APC score of 75 (FY2020 baseline: not applicable [revised APC not drafted yet]) Description: 2.2. MOF approved (i) a MTRS effective April 2024 to enhance revenue mobilization and strengthen macro-fiscal framework; and (ii) the Sustainable Financing Framework 2024 effective April 2024 to diversify sources of financing.Reform area: Strengthening domestic resource mobilization Outcome: c. At least 75% SOEs under MOF achieved APC score of 75 (FY2020 baseline: not applicable [revised APC not drafted yet]) Description: 2.3. MOF commenced the implementation of the SOE Reform Strategy FY2023-FY2027 starting with (i) the amendment of Performance Management System Guidelines 2023, which entails revision of APCk to recalibrate the weightage for financial and non-financial indicators, to enhance SOE governance and management, and to better reflect SOEs' performance with APC score starting FY2024; (ii) the amalgamation of National CSI Development Bank Limited with Bhutan Development Bank Limited effective October 2023 following a Cabinet decision and RMA authorization; and (iii) the approval of CSO guidelines to rationalize subsidies by establishing proper financing procedures for CSOs, and specifying structural separation of business and non-business functions of SOEs.Reform area: Strengthening domestic resource mobilization Outcome: c. At least 75% SOEs under MOF achieved APC score of 75 (FY2020 baseline: not applicable [revised APC not drafted yet]) Description: 2.4 MOF, following 2023 PEFA assessment, (i) approved the PFM Reform Strategy and Action Plan 2023-2028, inclusive of gender-responsive and climate-responsive PFM strategies, in October 2023 to deepen PFM reforms including revenue mobilization and rolling out an IFMISm; and (ii) published a yearly status update starting FY2024 on the strategy's implementation to enhance PFM reforms and address gaps identified in PEFA assessment.Reform area: Strengthening domestic resource mobilization Outcome: d. At least one revenue related dimension of PEFA performance indicators showed improvement by FY2025. (FY2021 baseline: not applicable [latest PEFA assessment not completed yet]) Description: 1.1. (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration.Reform area: Strengthening domestic resource mobilization Outcome: d. At least one revenue related dimension of PEFA performance indicators showed improvement by FY2025. (FY2021 baseline: not applicable [latest PEFA assessment not completed yet]) Description: 1.2. The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality.Reform area: Strengthening domestic resource mobilization Outcome: d. At least one revenue related dimension of PEFA performance indicators showed improvement by FY2025. (FY2021 baseline: not applicable [latest PEFA assessment not completed yet]) Description: 1.3. MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025, to restructure and improve management and governance of SOEs and to lower the fiscal burden.Reform area: Strengthening domestic resource mobilization Outcome: d. At least one revenue related dimension of PEFA performance indicators showed improvement by FY2025. (FY2021 baseline: not applicable [latest PEFA assessment not completed yet]) Description: 1.4. MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties.Reform area: Strengthening domestic resource mobilization Outcome: d. At least one revenue related dimension of PEFA performance indicators showed improvement by FY2025. (FY2021 baseline: not applicable [latest PEFA assessment not completed yet]) Description: 2.1. (i) The parliament enacted the Property Tax Act 2022 effective January 2023 to revise property tax rates to boost revenue;g and (ii) MOF operationalized eCMS in October 2023, following the amendment of 2017 Customs Rules and Regulations, to simplify customs clearance procedures and boost revenue.Reform area: Strengthening domestic resource mobilization Outcome: d. At least one revenue related dimension of PEFA performance indicators showed improvement by FY2025. (FY2021 baseline: not applicable [latest PEFA assessment not completed yet]) Description: 2.2. MOF approved (i) a MTRS effective April 2024 to enhance revenue mobilization and strengthen macro-fiscal framework; and (ii) the Sustainable Financing Framework 2024 effective April 2024 to diversify sources of financing.Reform area: Strengthening domestic resource mobilization Outcome: d. At least one revenue related dimension of PEFA performance indicators showed improvement by FY2025. (FY2021 baseline: not applicable [latest PEFA assessment not completed yet]) Description: 2.3. MOF commenced the implementation of the SOE Reform Strategy FY2023-FY2027 starting with (i) the amendment of Performance Management System Guidelines 2023, which entails revision of APCk to recalibrate the weightage for financial and non-financial indicators, to enhance SOE governance and management, and to better reflect SOEs' performance with APC score starting FY2024; (ii) the amalgamation of National CSI Development Bank Limited with Bhutan Development Bank Limited effective October 2023 following a Cabinet decision and RMA authorization; and (iii) the approval of CSO guidelines to rationalize subsidies by establishing proper financing procedures for CSOs, and specifying structural separation of business and non-business functions of SOEs.Reform area: Strengthening domestic resource mobilization Outcome: d. At least one revenue related dimension of PEFA performance indicators showed improvement by FY2025. (FY2021 baseline: not applicable [latest PEFA assessment not completed yet]) Description: 2.4 MOF, following 2023 PEFA assessment, (i) approved the PFM Reform Strategy and Action Plan 2023-2028, inclusive of gender-responsive and climate-responsive PFM strategies, in October 2023 to deepen PFM reforms including revenue mobilization and rolling out an IFMISm; and (ii) published a yearly status update starting FY2024 on the strategy's implementation to enhance PFM reforms and address gaps identified in PEFA assessment.Reform area: Promoting private sector development Outcome: e. At least 15 CSIs benefitted from CSI Startup Center (of which 40% are women-led or women-owned) (FY2021 baseline: not applicable [CSI start-up agency does not exist yet]) Description: 1.5. The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups.Reform area: Promoting private sector development Outcome: e. At least 15 CSIs benefitted from CSI Startup Center (of which 40% are women-led or women-owned) (FY2021 baseline: not applicable [CSI start-up agency does not exist yet]) Description: 1.6. MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas.Reform area: Promoting private sector development Outcome: e. At least 15 CSIs benefitted from CSI Startup Center (of which 40% are women-led or women-owned) (FY2021 baseline: not applicable [CSI start-up agency does not exist yet]) Description: 1.7. MoEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations.Reform area: Promoting private sector development Outcome: e. At least 15 CSIs benefitted from CSI Startup Center (of which 40% are women-led or women-owned) (FY2021 baseline: not applicable [CSI start-up agency does not exist yet]) Description: 1.8. (i) The Cabinet approved TVET Reform Plan 2021—including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses— to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase.Reform area: Promoting private sector development Outcome: e. At least 15 CSIs benefitted from CSI Startup Center (of which 40% are women-led or women-owned) (FY2021 baseline: not applicable [CSI start-up agency does not exist yet]) Description: 2.5. The Cabinet (i) established an Economic Development Board effective March 2024 to encourage domestic and foreign direct investment; (ii) approved Trade and Industry Rules 2023—a harmonized, consolidated, and updated rules and regulations governing private sector development—to promote investment and trade; and (iii) amended PPP Policy in April 2024 to facilitate private sector participation in the provision of infrastructure and services delivery.Reform area: Promoting private sector development Outcome: e. At least 15 CSIs benefitted from CSI Startup Center (of which 40% are women-led or women-owned) (FY2021 baseline: not applicable [CSI start-up agency does not exist yet]) Description: 2.6. MoEA developed and operationalized an IBLSp, following CSI Policy 2019, effective 2023 to enhance ease of doing business for CSIs, especially end-to-end automation including digitization of registration and approval processes.Reform area: Promoting private sector development Outcome: e. At least 15 CSIs benefitted from CSI Startup Center (of which 40% are women-led or women-owned) (FY2021 baseline: not applicable [CSI start-up agency does not exist yet]) Description: 2.7. (i) The government operationalized the Government to Business Service Center effective August 2023 by consolidating and simplifying G2C, G2B, and G2G services to promote private sector development and digitization; (ii) MoICE operationalized a Harmonized Product Standardization and Certification System Portal to promote digitization in trade services effective 2023.Reform area: Promoting private sector development Outcome: e. At least 15 CSIs benefitted from CSI Startup Center (of which 40% are women-led or women-owned) (FY2021 baseline: not applicable [CSI start-up agency does not exist yet]) Description: 2.8. (i) The Cabinet approved National Education Policy, integrating TVET, effective April 2024t; (ii) the government established Bhutan Qualification and Professional Certification Authority as a new regulatory authority for TVET, as per the administrative reorganization by Royal Civil Service Commission in December 2022; and (iii) MoESD approved National TVET Gender Strategy 2024-2028 to promote gender equality in TVET.Reform area: Promoting private sector development Outcome: g. TVET enrollment (TTIs and IZCs) increased by 40% (35% enrolled are female) (2020 baseline: 23.4% (26.8% enrolled are female) Description: 1.5. The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups.Reform area: Promoting private sector development Outcome: g. TVET enrollment (TTIs and IZCs) increased by 40% (35% enrolled are female) (2020 baseline: 23.4% (26.8% enrolled are female) Description: 1.6. MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas.Reform area: Promoting private sector development Outcome: g. TVET enrollment (TTIs and IZCs) increased by 40% (35% enrolled are female) (2020 baseline: 23.4% (26.8% enrolled are female) Description: 1.7. MoEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations.Reform area: Promoting private sector development Outcome: g. TVET enrollment (TTIs and IZCs) increased by 40% (35% enrolled are female) (2020 baseline: 23.4% (26.8% enrolled are female) Description: 1.8. (i) The Cabinet approved TVET Reform Plan 2021—including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses— to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase.Reform area: Promoting private sector development Outcome: g. TVET enrollment (TTIs and IZCs) increased by 40% (35% enrolled are female) (2020 baseline: 23.4% (26.8% enrolled are female) Description: 2.5. The Cabinet (i) established an Economic Development Board effective March 2024 to encourage domestic and foreign direct investment; (ii) approved Trade and Industry Rules 2023—a harmonized, consolidated, and updated rules and regulations governing private sector development—to promote investment and trade; and (iii) amended PPP Policy in April 2024 to facilitate private sector participation in the provision of infrastructure and services delivery.Reform area: Promoting private sector development Outcome: g. TVET enrollment (TTIs and IZCs) increased by 40% (35% enrolled are female) (2020 baseline: 23.4% (26.8% enrolled are female) Description: 2.6. MoEA developed and operationalized an IBLSp, following CSI Policy 2019, effective 2023 to enhance ease of doing business for CSIs, especially end-to-end automation including digitization of registration and approval processes.Reform area: Promoting private sector development Outcome: g. TVET enrollment (TTIs and IZCs) increased by 40% (35% enrolled are female) (2020 baseline: 23.4% (26.8% enrolled are female) Description: 2.7. (i) The government operationalized the Government to Business Service Center effective August 2023 by consolidating and simplifying G2C, G2B, and G2G services to promote private sector development and digitization; (ii) MoICE operationalized a Harmonized Product Standardization and Certification System Portal to promote digitization in trade services effective 2023.Reform area: Promoting private sector development Outcome: g. TVET enrollment (TTIs and IZCs) increased by 40% (35% enrolled are female) (2020 baseline: 23.4% (26.8% enrolled are female) Description: 2.8. (i) The Cabinet approved National Education Policy, integrating TVET, effective April 2024t; (ii) the government established Bhutan Qualification and Professional Certification Authority as a new regulatory authority for TVET, as per the administrative reorganization by Royal Civil Service Commission in December 2022; and (iii) MoESD approved National TVET Gender Strategy 2024-2028 to promote gender equality in TVET.Reform area: Promoting private sector development Outcome: h. At least one pre-feasibility study of a potential PPP project completed (2021 baseline: not applicable [list of such studies does not exist]) Description: 1.5. The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups.Reform area: Promoting private sector development Outcome: h. At least one pre-feasibility study of a potential PPP project completed (2021 baseline: not applicable [list of such studies does not exist]) Description: 1.6. MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas.Reform area: Promoting private sector development Outcome: h. At least one pre-feasibility study of a potential PPP project completed (2021 baseline: not applicable [list of such studies does not exist]) Description: 1.7. MoEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations.Reform area: Promoting private sector development Outcome: h. At least one pre-feasibility study of a potential PPP project completed (2021 baseline: not applicable [list of such studies does not exist]) Description: 1.8. (i) The Cabinet approved TVET Reform Plan 2021—including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses— to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase.Reform area: Promoting private sector development Outcome: h. At least one pre-feasibility study of a potential PPP project completed (2021 baseline: not applicable [list of such studies does not exist]) Description: 2.5. The Cabinet (i) established an Economic Development Board effective March 2024 to encourage domestic and foreign direct investment; (ii) approved Trade and Industry Rules 2023—a harmonized, consolidated, and updated rules and regulations governing private sector development—to promote investment and trade; and (iii) amended PPP Policy in April 2024 to facilitate private sector participation in the provision of infrastructure and services delivery.Reform area: Promoting private sector development Outcome: h. At least one pre-feasibility study of a potential PPP project completed (2021 baseline: not applicable [list of such studies does not exist]) Description: 2.6. MoEA developed and operationalized an IBLSp, following CSI Policy 2019, effective 2023 to enhance ease of doing business for CSIs, especially end-to-end automation including digitization of registration and approval processes.Reform area: Promoting private sector development Outcome: h. At least one pre-feasibility study of a potential PPP project completed (2021 baseline: not applicable [list of such studies does not exist]) Description: 2.7. (i) The government operationalized the Government to Business Service Center effective August 2023 by consolidating and simplifying G2C, G2B, and G2G services to promote private sector development and digitization; (ii) MoICE operationalized a Harmonized Product Standardization and Certification System Portal to promote digitization in trade services effective 2023.Reform area: Promoting private sector development Outcome: h. At least one pre-feasibility study of a potential PPP project completed (2021 baseline: not applicable [list of such studies does not exist]) Description: 2.8. (i) The Cabinet approved National Education Policy, integrating TVET, effective April 2024t; (ii) the government established Bhutan Qualification and Professional Certification Authority as a new regulatory authority for TVET, as per the administrative reorganization by Royal Civil Service Commission in December 2022; and (iii) MoESD approved National TVET Gender Strategy 2024-2028 to promote gender equality in TVET.Reform area: Facilitating green recovery Outcome: i. Share of renewable energy (except hydroelectricity) in total energy consumption increased to 2.5% (FY2018-FY2020 average baseline: 1.8%) Description: 1.9. NEC approved regulations on substances that deplete the ozone layer and HFCs effective January 2022 to regulate production, import and export of ODS and HFCs as well as ODS-containing products, in accordance with the country's obligations under the Vienna Convention and the Montreal Protocol.Reform area: Facilitating green recovery Outcome: i. Share of renewable energy (except hydroelectricity) in total energy consumption increased to 2.5% (FY2018-FY2020 average baseline: 1.8%) Description: 1.10. MoEA approved the revised Alternative Renewable Energy Policy 2022 effective August 2022 to promote and diversify energy mix and reduce overreliance on hydropower.Reform area: Facilitating green recovery Outcome: i. Share of renewable energy (except hydroelectricity) in total energy consumption increased to 2.5% (FY2018-FY2020 average baseline: 1.8%) Description: 1.11. RMA approved guidelines for green finance taxonomy to facilitate categorization of projects for lending by financial sector and promote green finance, including priority accorded to women-owned or women-led businesses.Reform area: Facilitating green recovery Outcome: i. Share of renewable energy (except hydroelectricity) in total energy consumption increased to 2.5% (FY2018-FY2020 average baseline: 1.8%) Description: 2.9. DECC approved a gender-responsive NAP 2023 and started its implementation with the endorsement of NAP sectoral implementation roadmaps, including a financing strategy, for agriculture, energy, and water sectors to promote gender-responsive adaptation measures in line with the Paris Agreement and limit fiscal cost of climate change-induced shocks and stresses.Reform area: Facilitating green recovery Outcome: i. Share of renewable energy (except hydroelectricity) in total energy consumption increased to 2.5% (FY2018-FY2020 average baseline: 1.8%) Description: 2.10. (i) DECC approved a Long-term Low Greenhouse Gas Emission and Climate Resilient Development Strategy, inclusive of gender-responsive strategy, following Climate Change Policy 2020, to provide long-term direction on mitigation measures, and to affirm commitment to staying carbon neutral; and (ii) Ministry of Energy and Natural Resources approved the Guideline for Development of Distributed Energy Resources System 2023 to promote diversification of energy sources and reduce overreliance on hydropower.Reform area: Facilitating green recovery Outcome: i. Share of renewable energy (except hydroelectricity) in total energy consumption increased to 2.5% (FY2018-FY2020 average baseline: 1.8%) Description: 2.11. (i) MOF approved the economy-wide Green Finance Taxonomy of Bhutan, including determination of eligible activities and technical screening criteria, in April 2024 to promote financial flows towards activities that support sustainable development (ii) RMA started implementation of green taxonomy in financial sector and approved ESRM guidelines in April 2024; and (iii) the Cabinet approved the establishment of Bhutan Climate Fund in October 2023 and the DECC established a Technical Working Group for Carbon Credit to coordinate and facilitate the country's participation in global carbon market.Reform area: Facilitating green recovery Outcome: j. At least 25% commercial banks adopted green taxonomy (FY2021 baseline: not applicable [green taxonomy does not exist yet] Description: 1.9. NEC approved regulations on substances that deplete the ozone layer and HFCs effective January 2022 to regulate production, import and export of ODS and HFCs as well as ODS-containing products, in accordance with the country's obligations under the Vienna Convention and the Montreal Protocol.Reform area: Facilitating green recovery Outcome: j. At least 25% commercial banks adopted green taxonomy (FY2021 baseline: not applicable [green taxonomy does not exist yet] Description: 1.10. MoEA approved the revised Alternative Renewable Energy Policy 2022 effective August 2022 to promote and diversify energy mix and reduce overreliance on hydropower.Reform area: Facilitating green recovery Outcome: j. At least 25% commercial banks adopted green taxonomy (FY2021 baseline: not applicable [green taxonomy does not exist yet] Description: 1.11. RMA approved guidelines for green finance taxonomy to facilitate categorization of projects for lending by financial sector and promote green finance, including priority accorded to women-owned or women-led businesses.Reform area: Facilitating green recovery Outcome: j. At least 25% commercial banks adopted green taxonomy (FY2021 baseline: not applicable [green taxonomy does not exist yet] Description: 2.9. DECC approved a gender-responsive NAP 2023 and started its implementation with the endorsement of NAP sectoral implementation roadmaps, including a financing strategy, for agriculture, energy, and water sectors to promote gender-responsive adaptation measures in line with the Paris Agreement and limit fiscal cost of climate change-induced shocks and stresses.Reform area: Facilitating green recovery Outcome: j. At least 25% commercial banks adopted green taxonomy (FY2021 baseline: not applicable [green taxonomy does not exist yet] Description: 2.10. (i) DECC approved a Long-term Low Greenhouse Gas Emission and Climate Resilient Development Strategy, inclusive of gender-responsive strategy, following Climate Change Policy 2020, to provide long-term direction on mitigation measures, and to affirm commitment to staying carbon neutral; and (ii) Ministry of Energy and Natural Resources approved the Guideline for Development of Distributed Energy Resources System 2023 to promote diversification of energy sources and reduce overreliance on hydropower.Reform area: Facilitating green recovery Outcome: j. At least 25% commercial banks adopted green taxonomy (FY2021 baseline: not applicable [green taxonomy does not exist yet] Description: 2.11. (i) MOF approved the economy-wide Green Finance Taxonomy of Bhutan, including determination of eligible activities and technical screening criteria, in April 2024 to promote financial flows towards activities that support sustainable development (ii) RMA started implementation of green taxonomy in financial sector and approved ESRM guidelines in April 2024; and (iii) the Cabinet approved the establishment of Bhutan Climate Fund in October 2023 and the DECC established a Technical Working Group for Carbon Credit to coordinate and facilitate the country's participation in global carbon market. XM-DAC-46004-56325-001-LN4491Asian Development BankThe project will support the Government of Bhutan's national priority to enhance the climate resilience of energy systems and address energy security concerns through the diversification of energy sources. This will be achieved by installing distributed solar photovoltaic systems in public infrastructure in Thimphu, Paro, and other areas across the country. The project will also (i) support the development of regulations and guidelines to expand rooftop solar investments for industrial, commercial, and residential consumers; (ii) promote new solar technologies in Bhutan through a pilot project; (iii) enhance local workforce skills, particularly for youth and women, in new business areas related to solar energy; and (iv) strengthen the institutional capacity of Druk Green Power Corporation Limited (DGPC) for solar energy development.Asian Development BankDruk Green Power Corporation LimitedAsian Development BankAsian Development BankSon, Jongmihttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=56325-001 (Approved)&officer= json@adb.org&division= Energy Sector Office (SG-ENE)&projectcountry= BhutanBhutan27.38626 90.42845Effective gender mainstreaming (EGM)Accelerating progress in gender equalityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityMaking cities more livablePromoting rural development and food securityStrengthening governance and institutional capacity30000000Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited1656311.86Asian Development BankDruk Green Power Corporation Limited67275.72Asian Development BankDruk Green Power Corporation Limited48947.00Asian Development BankDruk Green Power Corporation Limited3959.07Asian Development BankDruk Green Power Corporation Limited1370734.58Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited184740.19Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited3959.07Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation LimitedPerformanceFiduciaryOutput/s as listed by the project staff.Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: At least 70 on-the-job training participants (at least 70% of eligible female students and vulnerable youth)a demonstrated skills in solar photovoltaic installation and operations at subproject sites Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: At least 30 DGPC staff (including at least 30% women) participated in knowledge sharing programs on solar energy development and operation Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: At least 300 higher secondary students (40% girls) and 100 vulnerable youths participated in career workshops on renewable and other innovative technologies Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: MOENR's solar-related environmental guidelines (e.g., solar panel management and disposal, and environmental assessments on ground-mounted solar systems and agrivoltaics) developed Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: MOENR's strategies for scaling up distributed solar systems (e.g., technical guidelines, business models, financing schemes, and incentives for industrial, commercial, and residential consumers from public and private parties) developed within Electricity Regulatory Authority's distributed solar regulation framework Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: MOENR's strategies for scaling up agrivoltaics in consultation with Ministry of Agriculture and Livestock and DGPC developed Data Source: Progress reports Actual value: Output: Solar power generation systems installed in public infrastructure and areas Indicator: At least 35 MW of incremental capacity installed and operated in public infrastructure Data Source: DGPC progress and annual reports Actual value: Output: Solar power generation systems installed in public infrastructure and areas Indicator: At least 0.5 MW agrivoltaics participated by 20 staff (at least 80% women); four sites pilot-tested Data Source: DGPC progress and annual reports Actual value: Output: Solar power generation systems installed in public infrastructure and areas Indicator: 2.5 of acres with intensified land use for climate-resilient food and energy production Data Source: DGPC progress and annual reports Actual value: Output: Solar power generation systems installed in public infrastructure and areas Indicator: DGPC's distributed solar O&M plan including environment, safety, and gender mainstreaming features prepared for adoption Data Source: DGPC progress and annual reports Actual value: Generation of non-hydro, clean power increasedSolar power generation increased by 49 GWh per annum Data Source: Bhutan Energy Data Directory and DGPC Annual Report Actual value: Carbon dioxide emissions avoided by 39,735 tons per year Data Source: Bhutan Energy Data Directory and DGPC Annual Report Actual value: At least 100 of critical public buildings with improved climate-resilient energy supply Data Source: DGPC progress reports Actual value: XM-DAC-46004-50165-002-LN4019Asian Development BankThe proposed Amochhu Land Development and Township Project will develop 66 hectares (ha) of riparian land near the city of Phuentsholing that is located adjacent to the Amochhu River on Bhutans southwestern border with India. The project will provide protection from floods and erosion, and construct smart urban infrastructure to allow phased urban expansion. A modern township will be designed on modern sustainable principles of equity, livability, and competitiveness, and it will be integrated into the fabric of the existing municipality and preserve Bhutans unique architectural heritage. The project will also protect the existing and new towns from floods and riverbank erosion which currently threatens lives and livelihoods and disrupts connectivity with nearby communities.Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinanceDruk Holding and Investments LimitedAsian Development BankAsian Development BankVishal, Vivekhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=50165-002 (Active)&officer= vvishal@adb.org&division= Water and Urban Development Sector Office (SG-WUD)&projectcountry= BhutanPhuentsholing26.85892 89.39048Environmentally sustainable growth Inclusive economic growthGender Equity and Mainstreaming Private sector developmentSome gender elements (SGE)18500000Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance373394.64Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance73487.22Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance37362.41Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance135825.18Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance818217.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance27440.86Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance238320.11Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance31662.24Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance34681.19Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance39296.28Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Flood and erosion protection measures installed. Indicator: 4.36 km of climate and erosion-resilient river walls constructed to protect against 100-year probable flood (2018 baseline: 0). Achievement: 4.77 Progress/Status: Completed 4.77km climate and erosion-resilient river walls as on 30 November 2022. Data Source: Annual project progress reportsOutput: Flood and erosion protection measures installed. Indicator: At least 66 ha. of land reclaimed (2018 baseline: 0). Achievement: 66 Progress/Status: 66 ha. of land reclaimed. Data Source: Annual project progress reportsOutput: Flood and erosion protection measures installed. Indicator: A flood early warning system and flood management plan established and operational (2018 baseline: Not applicable). Progress/Status: Flood Early Warning System installed and operational. It was developed by NCHM and is under trail run (Q4 2025). Data Source: Annual project progress reports Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: YOutput: Municipal Infrastructure constructed. Indicator: 6 km of roads with footpaths, landscaping, and streetlights planned with at least 30% female participation during construction (2018 baseline: 0). Achievement: 6 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: Water treatment plant with a capacity of 3 MLD constructed (2018 baseline: 0). Achievement: 3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: 7 km of new primary and secondary water mains constructed (2018 baseline: 0). Achievement: 4.3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: 5.5 km of new sewer mains and 4 km of new storm drains constructed (2018 baseline: 0). Achievement: 4.9 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: A sewerage treatment plant with a capacity of 3 MLD constructed (2018 baseline: 0). Achievement: 3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: A resource recovery system for solid waste management installed (2018 baseline: 0). Achievement: Y Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress report Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: Y Actual value: YOutput: Municipal Infrastructure constructed. Indicator: 5 Unitized Substations constructed (2018 baseline: 0). Progress/Status: Ongoing under force account. Data Source: Annual project progress report Actual value: Output: Municipal Infrastructure constructed. Indicator: 16 circuit-km of 415-volt power distribution lines installed (2018 baseline: 0). Progress/Status: Completed and testing is pending. Data Source: Annual project progress report Actual value: Output: Municipal Infrastructure constructed. Indicator: 4 circuit-km of telecommunication transmission cables installed (2018 baseline: 0). Progress/Status: Completed and testing is pending. Data Source: Annual project progress report Actual value: Output: Township management systems installed. Indicator: At least 80% of township management staff report improved knowledge of modern urban management (2018 baseline: Not applicable). Progress/Status: The Sustainable Township Management Capacity Development consultant (CS05) had commenced service from March 2025. Data Source: Annual project progress reports Baseline year: 2018 Baseline value: Not applicable Baseline year: 2018 Baseline value: Not applicable Target year: 2025 Target value: 80Output: Township management systems installed. Indicator: An asset management system established with 100% of project infrastructure and facilities geocoded in a database (2018 baseline: Not applicable). Progress/Status: The Sustainable Township Management Capacity Development consultant (CS05) had commenced service from March 2025. Data Source: Annual project progress reports Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: YOutput: Township management systems installed. Indicator: At least 10 potential investors attend investor outreach campaigns (2018 baseline: Not applicable). Progress/Status: The Investor promotion and transaction advisory consultant (CS06) service had commenced from March 2025. Data Source: Annual project progress reports Actual value: Phuentsholing's urban area protected from floods and expanded with improved amenities and services.Phuentsholing and reclaimed land are protected from 100-year flood events in the Amochhu River (2018 baseline: No). Progress/Status: A 4.77km climate and erosion-resilient river wall was constructed on 30 November 2022. Data Source: Hydrology report at project completion Base year: 2018 Baseline value: NAt least 10% of fully serviced plots are tendered for development (2018 baseline: Not applicable). Progress/Status: Will be assessed during the preparation of project completion report. Data Source: Annual reports of DHI and CDCL Target value: 10% Actual value: XM-DAC-46004-56325-001-TA10345Asian Development BankThe project will support the Government of Bhutan's national priority to enhance the climate resilience of energy systems and address energy security concerns through the diversification of energy sources. This will be achieved by installing distributed solar photovoltaic systems in public infrastructure in Thimphu, Paro, and other areas across the country. The project will also (i) support the development of regulations and guidelines to expand rooftop solar investments for industrial, commercial, and residential consumers; (ii) promote new solar technologies in Bhutan through a pilot project; (iii) enhance local workforce skills, particularly for youth and women, in new business areas related to solar energy; and (iv) strengthen the institutional capacity of Druk Green Power Corporation Limited (DGPC) for solar energy development.Asian Development BankDruk Green Power Corporation LimitedAsian Development BankAsian Development BankSon, Jongmihttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=56325-001 (Active)&officer= json@adb.org&division= Energy Sector Office (SG-ENE)&projectcountry= BhutanBhutan27.38626 90.42845Effective gender mainstreaming (EGM)Accelerating progress in gender equalityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityMaking cities more livablePromoting rural development and food securityStrengthening governance and institutional capacity500000Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation Limited0.00Asian Development BankDruk Green Power Corporation LimitedPerformanceFiduciaryOutput/s as listed by the project staff.Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: At least 70 on-the-job training participants (at least 70% of eligible female students and vulnerable youth)a demonstrated skills in solar photovoltaic installation and operations at subproject sites Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: At least 30 DGPC staff (including at least 30% women) participated in knowledge sharing programs on solar energy development and operation Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: At least 300 higher secondary students (40% girls) and 100 vulnerable youths participated in career workshops on renewable and other innovative technologies Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: MOENR's solar-related environmental guidelines (e.g., solar panel management and disposal, and environmental assessments on ground-mounted solar systems and agrivoltaics) developed Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: MOENR's strategies for scaling up distributed solar systems (e.g., technical guidelines, business models, financing schemes, and incentives for industrial, commercial, and residential consumers from public and private parties) developed within Electricity Regulatory Authority's distributed solar regulation framework Data Source: Progress reports Actual value: Output: Institutional capacity for solar energy development and green job opportunities enhanced Indicator: MOENR's strategies for scaling up agrivoltaics in consultation with Ministry of Agriculture and Livestock and DGPC developed Data Source: Progress reports Actual value: Output: Solar power generation systems installed in public infrastructure and areas Indicator: At least 35 MW of incremental capacity installed and operated in public infrastructure Data Source: DGPC progress and annual reports Actual value: Output: Solar power generation systems installed in public infrastructure and areas Indicator: At least 0.5 MW agrivoltaics participated by 20 staff (at least 80% women); four sites pilot-tested Data Source: DGPC progress and annual reports Actual value: Output: Solar power generation systems installed in public infrastructure and areas Indicator: 2.5 of acres with intensified land use for climate-resilient food and energy production Data Source: DGPC progress and annual reports Actual value: Output: Solar power generation systems installed in public infrastructure and areas Indicator: DGPC's distributed solar O&M plan including environment, safety, and gender mainstreaming features prepared for adoption Data Source: DGPC progress and annual reports Actual value: Generation of non-hydro, clean power increasedSolar power generation increased by 49 GWh per annum Data Source: Bhutan Energy Data Directory and DGPC Annual Report Actual value: Carbon dioxide emissions avoided by 39,735 tons per year Data Source: Bhutan Energy Data Directory and DGPC Annual Report Actual value: At least 100 of critical public buildings with improved climate-resilient energy supply Data Source: DGPC progress reports Actual value: XM-DAC-46004-56010-001-TA6971Asian Development BankThe coronavirus disease (COVID-19) severely impacted economic activities and fiscal balance in Bhutan. Economic growth was decelerating even before the onset of the pandemic. In response to the crippling effects on lives, livelihoods, and healthcare, the government announced a series of fiscal and monetary relief measures to mitigate the impact on economy and households. The government has outlined its medium-term post-pandemic strategy for a sustained, inclusive, and green economic recovery in the upcoming 13th Five-Year Plan. The proposed program aims to support the government's post-pandemic economic vision by strengthening domestic resource mobilization (DRM), promoting private sector development, and supporting foundation for green economic recovery over the medium term.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankBoboev, Muhammadihttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=56010-001 (Active)&officer= mboboev@adb.org&division= Public Sector Management and Governance Sector Office (SD3-PSMG)&projectcountry= BhutanThimphu27.46609 89.64191Effective gender mainstreaming (EGM)Addressing remaining poverty and reducing inequalitiesAccelerating progress in gender equalityTackling climate change, building climate and disaster resilience, and enhancing environmental sustainabilityPromoting rural development and food securityStrengthening governance and institutional capacity1000000Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryPolicy Action/s as listed by the project staff. Action 1: (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Target date: 2022-09-30 Action 2: The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Target date: 2022-09-30 Action 3: MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025 , to restructure and improve management and governance of SOEs and to lower the fiscal burden. Target date: 2022-09-30 Action 4: MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Target date: 2022-09-30 Action 1: (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Target date: 2022-09-30Policy 1: Strengthening domestic resource mobilization Outcome 2: Turnaround time for CSI approval attributable to delicensing and IBLS reduced to at most 2 working days (2021 baseline: [not applicable [aggregated data not available yet]) (Source: G2C services portal and MOEA) Action 2: The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Target date: 2022-09-30 Action 3: MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025 , to restructure and improve management and governance of SOEs and to lower the fiscal burden. Target date: 2022-09-30 Action 4: MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Target date: 2022-09-30 Action 1: (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Target date: 2022-09-30Policy 1: Strengthening domestic resource mobilization NA Action 2: The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Target date: 2022-09-30 Action 3: MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025 , to restructure and improve management and governance of SOEs and to lower the fiscal burden. Target date: 2022-09-30 Action 4: MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Target date: 2022-09-30 Action 1: (i) The parliament enacted the Customs Duty (Amendment) Act of Bhutan 2021 and Tax Act of Bhutan 2021, and (ii) MOF supported its implementation by operationalizing CRCMS to reduce revenue leakage and promote digitization of revenue administration. Target date: 2022-09-30Policy 1: Strengthening domestic resource mobilization NA Action 2: The parliament approved Tourism Levy Act of Bhutan 2022 to boost tourism revenue by increasing the Sustainable Development Fee and enhancing services quality. Target date: 2022-09-30 Action 3: MOF approved a SOE Reform Strategy FY2023-FY2027, inclusive of a target to increase the share of women employees in SOEs to 35% by 2025 , to restructure and improve management and governance of SOEs and to lower the fiscal burden. Target date: 2022-09-30 Action 4: MOF approved Property Management Rules 2022 effective September 2022 to improve, streamline, and utilize the inventory of public properties to reduce wastage of fiscal resources and to generate additional resources through transfer of acquired properties. Target date: 2022-09-30 Action 1: The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Target date: 2022-09-30Policy 2: Promoting private sector development NA Action 2: MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Target date: 2022-09-30 Action 3: MOEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Target date: 2022-09-30 Action 4: (i) The Cabinet approved TVET Reform Plan 2021 - including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses — to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Target date: 2022-09-30 Action 1: The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Target date: 2022-09-30Policy 2: Promoting private sector development NA Action 2: MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Target date: 2022-09-30 Action 3: MOEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Target date: 2022-09-30 Action 4: (i) The Cabinet approved TVET Reform Plan 2021 - including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses — to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Target date: 2022-09-30 Action 1: The Cabinet approved the autonomy of CSI Startup Center with effect from July 2021 to effectively manage and deliver business development services required for promotion of startups. Target date: 2022-09-30Policy 2: Promoting private sector development NA Action 2: MOF approved Rules on the Fiscal Incentives Act of Bhutan 2021, effective November 2021, to implement Fiscal Incentives Act of Bhutan 2021 to promote newly established and existing CSIs, and to promote economic activity in rural areas. Target date: 2022-09-30 Action 3: MOEA approved rules and regulations effective June 2022 for delicensing operation of new or expansion of existing restaurant and retail business to ease licensing processes and regulations. Target date: 2022-09-30 Action 4: (i) The Cabinet approved TVET Reform Plan 2021 - including a plan to increase female enrollment along with gender-sensitive infrastructure facilities and women friendly courses — to provide strategic direction to TVET activities, especially to redesign and modernize it commensurate with changing economic needs and demand from the private sector, and (ii) Department of Labour commenced implementation of FWMS, following a MoLHR order effective December 2021, to address the shortage of skilled workforce during the recovery phase. Target date: 2022-09-30 Action 1: NEC approved regulations on substances that deplete the ozone layer and HFCs effective January 2022 to regulate production, import and export of ODS and HFCs as well as ODS-containing products, in accordance with the country's obligations under the Vienna Convention and the Montreal Protocol. Target date: 2022-09-30Policy 3: Facilitating green recovery NA Action 2: MOEA approved the revised Alternative Renewable Energy Policy 2022 effective August 2022 to promote and diversify energy mix and reduce overreliance on hydropower. Target date: 2022-09-30 Action 3: RMA approved guidelines for green finance taxonomy to facilitate categorization of projects for lending by financial sector and promote green finance, including priority accorded to women-owned or women-led businesses. Target date: 2022-09-30 Action 1: NEC approved regulations on substances that deplete the ozone layer and HFCs effective January 2022 to regulate production, import and export of ODS and HFCs as well as ODS-containing products, in accordance with the country's obligations under the Vienna Convention and the Montreal Protocol. Target date: 2022-09-30Policy 3: Facilitating green recovery NA Action 2: MOEA approved the revised Alternative Renewable Energy Policy 2022 effective August 2022 to promote and diversify energy mix and reduce overreliance on hydropower. Target date: 2022-09-30 Action 3: RMA approved guidelines for green finance taxonomy to facilitate categorization of projects for lending by financial sector and promote green finance, including priority accorded to women-owned or women-led businesses. Target date: 2022-09-30 XM-DAC-46004-59093-001-GRNT6054Asian Development BankThe project readiness financing (PRF) will support the preparation of the Lhamoizingkha-Sarpang Highway. This includes engineering design, environmental and social impact assessments, procurement documents preparation, other relevant due diligence, and independent review. The PRF's scope aligns with ADB's country partnership strategy, 2024-2028 for Bhutan. The design study will focus on (i) biodiversity conservation and sustainable development, (ii) climate resilience measures such as slope protection, and (iii) economic and financial viability.Asian Development BankDepartment of Surface TransportAsian Development BankAsian Development BankChong, Sin Waihttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=59093-001 (Approved)&officer= schong@adb.org&division= Transport Sector Office (SD1-TRA)&projectcountry= BhutanBhutan27.38626 90.42845Governance and capacity developmentInclusive economic growth2000000Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface Transport0.00Asian Development BankDepartment of Surface TransportPerformanceFiduciaryOutput/s as listed by the project staff.Output: Output 1 Indicator: Due diligence, technical studies, and safeguard assessments completed.Output: Output 1 Indicator: Institutional capacity enhanced. XM-DAC-46004-44239-013-GRNT0484Asian Development BankThe project is to improve infrastructure for the Bumthang, Gelephu, and Yonphula domestic airports. It aims to expand initial developments undertaken by the Government of Bhutan at these airports. The project is to strengthen safety and security, and enhance capacity, including priority needs for securing the airport perimeter; expanding terminal space, air craft parking apron, and taxiway; improving runways; and installing aeronautical communication and navigation aid equipment. These improvements are targeted to meet the requirements of current and anticipated aviation activities in the country, and help continue the record of safety. Overall, it will support the government's plan to develop a safe, reliable, and efficient air transport system connecting urban and rural centers to help overcome the current limitations of road transport and improve accessibility to less-developed regions of the country. This will help facilitate greater and more equitable coverage of potential benefits from tourism growth, stimulate private sector development, and generate employment opportunities for the poor.Asian Development BankMinistry of Information and CommunicationsAsian Development BankAsian Development BankPradhan, Nareshhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=44239-013 (Active)&officer= npradhan@adb.org&division= Transport Sector Office (SD1-TRA)&projectcountry= BhutanYongphulla Airport27.256 91.51457Gelephu Airport26.88389 90.46836Bathpalathang Airport27.56299 90.74651Inclusive economic growth Regional integrationGovernance and capacity developmentNo gender elements4000000Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian 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Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications0.00Asian Development BankMinistry of Information and Communications30433.19Asian Development BankMinistry of Information and CommunicationsPerformanceFiduciaryOutput/s as listed by the project staff.Output: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: all-weather access road of 1.0 km, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: 1a. Bumthang airport: Perimeter fencing of 3.8 km, Progress/Status: Bumthang Airport: Works completed in 2015 for perimeter security fence, new access road, apron and taxiway, and car park; asphalt overlay not done due to funding shortage (significant funds allocated to Yonphula); terminal building completed began operations in April 2023 Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: reshape runway, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: security gate, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: apron and taxiway of 8,364 m2, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: 1b. Gelephu airport: Perimeter fencing of 2.8 km, Achievement: 2.8 Progress/Status: Gelephu Airport: All works completed in April 2015: installation of perimeter security fence, runway drainage and flood protection work, and a terminal building with basic passenger facilities; aviation security staff quarters operational; site development works completed using RGOB funds Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: provide asphalt on runway, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: drainage system comprising 198,000 m2 of graded area, Achievement: 198000 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: car park area of 3,077 m2, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: 1c. Paro airport: parking management system Achievement: Y Progress/Status: Original scope of four parking management systems completed in 10 Oct 2021; additional two systems completed on 10 Dec 2021 Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2019 Baseline value: N Baseline year: 2019 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: flood protection system comprising 911 meters of wall, Achievement: 911 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: provide access road of 150 meters, Achievement: 150 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: new terminal building Achievement: N Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: NOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: 1d. Yonphula airport: Remove three hills beside runway, Progress/Status: Yonphula Airport: All works completed by Feb 2021; removal of hills, vehicle procured, and new runway constructed; lake dredging works (desilting) completed with RGOB funds in May 2020 Data Source: Annual audit and inspection report of the Department of Air Transport Actual value: Output: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: provide new car park, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: and river dredging a volume of 20,385 m3 from the stream on the western side of the airport, Achievement: 20385 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: apron access, Achievement: N Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2019 Baseline value: N Baseline year: 2019 Baseline value: N Target year: 2020 Target value: Y Actual value: NOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: extend apron, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: new terminal with total floor area of 357 m2, Achievement: 357 Data Source: Annual audit and inspection report of the Department of Air TransportOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: aviation security staff quarters Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: airside fencing Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2019 Baseline value: N Baseline year: 2019 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: remove and reconstruct perimeter fence of 2.4 km, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: relocate one stupa, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: Y Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: install low safety barrier around perimeter of apron, Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2010 Baseline value: N Baseline year: 2010 Baseline value: N Target year: 2020 Target value: N Actual value: YOutput: Infrastructure at four domestic airports in Bumthang, Gelephu, Paro and Yonphula improved Indicator: additional safeguards measures Achievement: Y Data Source: Annual audit and inspection report of the Department of Air Transport Baseline year: 2019 Baseline value: N Baseline year: 2019 Baseline value: N Target year: 2020 Target value: Y Actual value: YSafety, security, and capacity at four domestic airports in Bumthang, Gelephu, Paro, and Yonphula improvedSafety standards improved to meet ICAO requirements for aircraft parking, aeronautical communication, and air rescue and fire fighting service support facilities Progress/Status: Achieved Data Source: Annual audit and inspection report of the Department of Civil Aviation Base year: 2010 Baseline value: NSecurity standards improved to meet ICAO requirements for security cordon around perimeter Progress/Status: Achieved Data Source: Annual audit and inspection report of the Department of Civil Aviation Base year: 2010 Baseline value: NCapacity for level of service in terminal areas improved from IATA standard grade E to B Progress/Status: Not yet due Data Source: Annual audit and inspection report of the Department of Civil Aviation Base year: 2010 Baseline value: N XM-DAC-46004-58120-001-GRNT1038Asian Development BankThe proposed Climate-Resilient Omchhu River Basin Project will tackle one of the critical economic development inhibitors of the Phuentsholing area: recurrent flood risk from the Omchhu River exacerbated by unpredictable erosion of its riverbanks, landslides from its upstream hilly slopes, and worsening climate impacts. The project will (i) comprise the Omchhu River in Phuentsholing and its upstream basin, (ii) focus on climate and disaster resilience through an integrated river basin approach to flood and erosion risk management, and (iii) combine structural and nonstructural measures. It will (i) design and build climate-resilient riverbank protection and flood embankment in four priority river reaches, and pilot landslide mitigation measures; (ii) develop holistic measures to reduce landslide debris flows and sediment-related risks; and (iii) strengthen institutional capacity to assess, map, and disseminate multi-hazard risks, including from the gender equality and social inclusion perspective; enabling better land-use planning and management on risk-sensitive land; investigating geological and geotechnical conditions; monitoring and mitigating risks; and enhancing the forecasting and early warning systems and disaster preparedness. The project will benefit about 9,300 people and ultimately enable riverfront development. The executing agency will be the Phuentsholing Thromde, and the implementation period will be 6 years from October 2025. Phuentsholing Thromde (municipality) (PT) will be the executing and implementing agency of the project, including for implementing works within the Dungkhag Administration (DA) administrative boundary. PT will be responsible for all procurement activities (works, goods and services).Asian Development BankPhuentsholing ThromdeAsian Development BankAsian Development BankDrieu, Olivierhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=58120-001 (Approved)&officer= odrieu@adb.org&division= Agriculture, Food, Nature, and Rural Development Sector Office (SD2-AFNR)&projectcountry= BhutanPhuentsholing26.91389 89.42317Some gender elements (SGE)15000000Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde1388000.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde426681.35Asian Development BankPhuentsholing ThromdePerformanceFiduciaryOutput/s as listed by the project staff.Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: At least 5.5 kilometers (km) of new riverbank and flood embankment protection works retrofitted with climate-resilient features (2024 baseline: 0 km) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: At least six access ramps for maintenance purposes installed (2024 baseline: 0) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: At least 12 check dams for grade stabilization and sediment trapping built (2024 baseline: 0) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: At least one disaster preparedness facility for storage of equipment (e.g., excavators) and supplies (e.g., rocks) for emergencies built and equipped (2024 baseline: 0) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: Nature-based and/or bioengineering solutions for at least 20 landslide stabilization sites piloted (2024 baseline: 0) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Forecasting and early warning system for flood and landslide enhanced (2024 baseline: not applicable) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Flood risk mapping for the basin completed (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Landslide risk mapping for the basin completed (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Seismic hazard assessment for the Phuentsholing area completed (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Gender-responsive, multi-hazard risk assessment (flood, landslide, debris flow, earthquake, heat wave, forest fire) and maps are used in the disaster risk management plan update (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: At least 520 people (500 women and girls and 20 persons with disabilities) in the local communities reported increased knowledge and skills on disaster risk awareness and preparedness (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Actual value: Output: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Landslide mitigation master plan for the basin supplemented by an assessment of current and future trends of climate impacts on landslide risk annually updated (2024 baseline: Preliminary master plan) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Comprehensive asset management system (including operation and maintenance aspects) enhanced (2024 baseline: not applicable) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: The share of female staff at Phuntsholing Thromde who receive technical upskilling or reskilling training on disaster risk management aspects, including the development and application of disaster risk management guidelines and tools increased to at least 60% (2024 baseline 21%) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Actual value: Output: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Guidelines to (i) design and maintain flood and river erosion protection structures; (ii) investigate, design mitigation measures and monitor landslide risk; and (iii) enhance risk-sensitive land-use planning and seismic and building codes submitted to Phuentsholing Thromde's Technical Committee for adoption (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Guidelines to investigate, design mitigation measures and monitor landslide risk disseminated to at least three municipalities with similar characteristics (with the technical assistance for Building Adaptation and Resilience in the Hindu Kush Himalayas—Bhutan and Nepal (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Actual value: Climate-resilient flood, river erosion, and landslide risk management systems in the Omchhu river basin enhancedAnnual emergency flood protection maintenance costs reduced by 5% (2024 baseline: Nu14 million) Achievement: 0 Data Source: Project annual progress and monitoring reportAnnual in-river gravel removal maintenance costs reduced by 12% (2024 baseline: Nu3.2 million) Achievement: 0 Data Source: Project annual progress and monitoring report XM-DAC-46004-58120-001-LN4634Asian Development BankThe proposed Climate-Resilient Omchhu River Basin Project will tackle one of the critical economic development inhibitors of the Phuentsholing area: recurrent flood risk from the Omchhu River exacerbated by unpredictable erosion of its riverbanks, landslides from its upstream hilly slopes, and worsening climate impacts. The project will (i) comprise the Omchhu River in Phuentsholing and its upstream basin, (ii) focus on climate and disaster resilience through an integrated river basin approach to flood and erosion risk management, and (iii) combine structural and nonstructural measures. It will (i) design and build climate-resilient riverbank protection and flood embankment in four priority river reaches, and pilot landslide mitigation measures; (ii) develop holistic measures to reduce landslide debris flows and sediment-related risks; and (iii) strengthen institutional capacity to assess, map, and disseminate multi-hazard risks, including from the gender equality and social inclusion perspective; enabling better land-use planning and management on risk-sensitive land; investigating geological and geotechnical conditions; monitoring and mitigating risks; and enhancing the forecasting and early warning systems and disaster preparedness. The project will benefit about 9,300 people and ultimately enable riverfront development. The executing agency will be the Phuentsholing Thromde, and the implementation period will be 6 years from October 2025. Phuentsholing Thromde (municipality) (PT) will be the executing and implementing agency of the project, including for implementing works within the Dungkhag Administration (DA) administrative boundary. PT will be responsible for all procurement activities (works, goods and services).Asian Development BankPhuentsholing ThromdeAsian Development BankAsian Development BankDrieu, Olivierhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=58120-001 (Approved)&officer= odrieu@adb.org&division= Agriculture, Food, Nature, and Rural Development Sector Office (SD2-AFNR)&projectcountry= BhutanPhuentsholing26.91389 89.42317Some gender elements (SGE)30000000Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde1328480.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing Thromde2767.67Asian Development BankPhuentsholing Thromde0.00Asian Development BankPhuentsholing ThromdePerformanceFiduciaryOutput/s as listed by the project staff.Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: At least 5.5 kilometers (km) of new riverbank and flood embankment protection works retrofitted with climate-resilient features (2024 baseline: 0 km) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: At least six access ramps for maintenance purposes installed (2024 baseline: 0) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: At least 12 check dams for grade stabilization and sediment trapping built (2024 baseline: 0) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: At least one disaster preparedness facility for storage of equipment (e.g., excavators) and supplies (e.g., rocks) for emergencies built and equipped (2024 baseline: 0) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Climate-resilient flood, river erosion, and landslide risk mitigation measures in the Omchhu River basin implemented and maintained Indicator: Nature-based and/or bioengineering solutions for at least 20 landslide stabilization sites piloted (2024 baseline: 0) Data Source: Project monthly, quarterly and annual progress and monitoring reports. Actual value: Output: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Forecasting and early warning system for flood and landslide enhanced (2024 baseline: not applicable) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Flood risk mapping for the basin completed (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Landslide risk mapping for the basin completed (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Seismic hazard assessment for the Phuentsholing area completed (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Gender-responsive, multi-hazard risk assessment (flood, landslide, debris flow, earthquake, heat wave, forest fire) and maps are used in the disaster risk management plan update (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: At least 520 people (500 women and girls and 20 persons with disabilities) in the local communities reported increased knowledge and skills on disaster risk awareness and preparedness (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Actual value: Output: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Landslide mitigation master plan for the basin supplemented by an assessment of current and future trends of climate impacts on landslide risk annually updated (2024 baseline: Preliminary master plan) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Comprehensive asset management system (including operation and maintenance aspects) enhanced (2024 baseline: not applicable) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: The share of female staff at Phuntsholing Thromde who receive technical upskilling or reskilling training on disaster risk management aspects, including the development and application of disaster risk management guidelines and tools increased to at least 60% (2024 baseline 21%) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Actual value: Output: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Guidelines to (i) design and maintain flood and river erosion protection structures; (ii) investigate, design mitigation measures and monitor landslide risk; and (iii) enhance risk-sensitive land-use planning and seismic and building codes submitted to Phuentsholing Thromde's Technical Committee for adoption (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Baseline year: 2024 Baseline value: N Baseline year: 2024 Baseline value: N Target year: 2031 Target value: YOutput: Flood, river erosion, and landslide risk management institutional capacity strengthened Indicator: Guidelines to investigate, design mitigation measures and monitor landslide risk disseminated to at least three municipalities with similar characteristics (with the technical assistance for Building Adaptation and Resilience in the Hindu Kush Himalayas—Bhutan and Nepal (2024 baseline: 0) Data Source: Project monthly, quarterly, semiannual, and annual progress and monitoring reports Actual value: Climate-resilient flood, river erosion, and landslide risk management systems in the Omchhu river basin enhancedAnnual emergency flood protection maintenance costs reduced by 5% (2024 baseline: Nu14 million) Achievement: 0 Data Source: Project annual progress and monitoring reportAnnual in-river gravel removal maintenance costs reduced by 12% (2024 baseline: Nu3.2 million) Achievement: 0 Data Source: Project annual progress and monitoring report XM-DAC-46004-50165-002-GRNT0765Asian Development BankThe proposed Amochhu Land Development and Township Project will develop 66 hectares (ha) of riparian land near the city of Phuentsholing that is located adjacent to the Amochhu River on Bhutans southwestern border with India. The project will provide protection from floods and erosion, and construct smart urban infrastructure to allow phased urban expansion. A modern township will be designed on modern sustainable principles of equity, livability, and competitiveness, and it will be integrated into the fabric of the existing municipality and preserve Bhutans unique architectural heritage. The project will also protect the existing and new towns from floods and riverbank erosion which currently threatens lives and livelihoods and disrupts connectivity with nearby communities.Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinanceDruk Holding and Investments LimitedAsian Development BankAsian Development BankVishal, Vivekhttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=50165-002 (Active)&officer= vvishal@adb.org&division= Water and Urban Development Sector Office (SD2-WUD)&projectcountry= BhutanPhuentsholing26.85892 89.39048Environmentally sustainable growth Inclusive economic growthGender Equity and Mainstreaming Private sector developmentSome gender elements (SGE)10000000Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of Finance0.00Asian Development BankDepartment of Macroeconomic Affairs, Ministry of FinancePerformanceFiduciaryOutput/s as listed by the project staff.Output: Flood and erosion protection measures installed. Indicator: 4.36 km of climate and erosion-resilient river walls constructed to protect against 100-year probable flood (2018 baseline: 0). Achievement: 4.77 Progress/Status: Completed 4.77km climate and erosion-resilient river walls as on 30 November 2022. Data Source: Annual project progress reportsOutput: Flood and erosion protection measures installed. Indicator: At least 66 ha. of land reclaimed (2018 baseline: 0). Achievement: 66 Progress/Status: 66 ha. of land reclaimed. Data Source: Annual project progress reportsOutput: Flood and erosion protection measures installed. Indicator: A flood early warning system and flood management plan established and operational (2018 baseline: Not applicable). Progress/Status: Flood Early Warning System installed and operational. It was developed by NCHM and is under trail run (Q4 2025). Data Source: Annual project progress reports Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: YOutput: Municipal Infrastructure constructed. Indicator: 6 km of roads with footpaths, landscaping, and streetlights planned with at least 30% female participation during construction (2018 baseline: 0). Achievement: 6 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: Water treatment plant with a capacity of 3 MLD constructed (2018 baseline: 0). Achievement: 3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: 7 km of new primary and secondary water mains constructed (2018 baseline: 0). Achievement: 4.3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: 5.5 km of new sewer mains and 4 km of new storm drains constructed (2018 baseline: 0). Achievement: 4.9 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: A sewerage treatment plant with a capacity of 3 MLD constructed (2018 baseline: 0). Achievement: 3 Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress reportOutput: Municipal Infrastructure constructed. Indicator: A resource recovery system for solid waste management installed (2018 baseline: 0). Achievement: Y Progress/Status: Overall CW02A, the physical progress - 96% Data Source: Annual project progress report Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: Y Actual value: YOutput: Municipal Infrastructure constructed. Indicator: 5 Unitized Substations constructed (2018 baseline: 0). Progress/Status: Ongoing under force account. Data Source: Annual project progress report Actual value: Output: Municipal Infrastructure constructed. Indicator: 16 circuit-km of 415-volt power distribution lines installed (2018 baseline: 0). Progress/Status: Completed and testing is pending. Data Source: Annual project progress report Actual value: Output: Municipal Infrastructure constructed. Indicator: 4 circuit-km of telecommunication transmission cables installed (2018 baseline: 0). Progress/Status: Completed and testing is pending. Data Source: Annual project progress report Actual value: Output: Township management systems installed. Indicator: At least 80% of township management staff report improved knowledge of modern urban management (2018 baseline: Not applicable). Progress/Status: The Sustainable Township Management Capacity Development consultant (CS05) had commenced service from March 2025. Data Source: Annual project progress reports Baseline year: 2018 Baseline value: Not applicable Baseline year: 2018 Baseline value: Not applicable Target year: 2025 Target value: 80Output: Township management systems installed. Indicator: An asset management system established with 100% of project infrastructure and facilities geocoded in a database (2018 baseline: Not applicable). Progress/Status: The Sustainable Township Management Capacity Development consultant (CS05) had commenced service from March 2025. Data Source: Annual project progress reports Baseline year: 2018 Baseline value: N Baseline year: 2018 Baseline value: N Target year: 2025 Target value: YOutput: Township management systems installed. Indicator: At least 10 potential investors attend investor outreach campaigns (2018 baseline: Not applicable). Progress/Status: The Investor promotion and transaction advisory consultant (CS06) service had commenced from March 2025. Data Source: Annual project progress reports Actual value: Phuentsholing's urban area protected from floods and expanded with improved amenities and services.Phuentsholing and reclaimed land are protected from 100-year flood events in the Amochhu River (2018 baseline: No). Progress/Status: A 4.77km climate and erosion-resilient river wall was constructed on 30 November 2022. Data Source: Hydrology report at project completion Base year: 2018 Baseline value: NAt least 10% of fully serviced plots are tendered for development (2018 baseline: Not applicable). Progress/Status: Will be assessed during the preparation of project completion report. Data Source: Annual reports of DHI and CDCL Target value: 10% Actual value: XM-DAC-46004-59151-001-GRNT1094Asian Development BankThe proposed program is designed to strengthen the banking and capital markets of Bhutan by enhancing the regulatory frameworks and improving the implementation of regulations, which will result in financial stability for sustained and inclusive financial intermediation. The program intends to (i) strengthen the transparency of operations of banks and nonbanks through increased compliance with international norms, improving asset quality and leading to efficient and effective financial intermediation; (ii) support capital markets to deepen the market, expand the suite of products, and leverage opportunities to raise sustainable finance; and (iii) improve financial inclusion with strong digital, gender, and climate focus. This program builds on the initial reforms achieved in several areas under the successful Financial Market Development Program (FMDP) from 2019 to 2021 and the activities outlined in the post-program partnership framework. The proposed program is in line with the strategic priority areas for financial market development, climate adaptation, green financing, and gender equality under the Bhutan country partnership strategy. Further, the program is aligned with three of the five focus areas of the Asian Development Bank (ADB) Strategy 2030 midterm review: climate action, private sector development, and digital transformation. The government's Thirteenth Five Year Plan, 2024-2029 identified that the private sector remains untapped, with a low contribution to the economy. Bhutan has a weak financial ecosystem, which impacts the availability of funds and products to mobilize the domestic and international capital required to develop the economy. To achieve the gross domestic product (GDP) target of $5 billion outlined in the 13th plan, substantial capital needs to be mobilized from domestic financial institutions and capital markets. However, development of both the banking sector and capital market have not progressed in line with government's aspirations, while critical institutions in the financial ecosystem such as rating agencies are currently absent. Further, limited access to finance is a key barrier hindering private sector growth, since the sector is largely made up of small businesses that face collateral issues in obtaining bank lending. Therefore, strengthening bank and nonbank institutions and capital markets is critical to ensure a steady flow of credit to businesses, provide diverse investment avenues for depositors and investors, and reduce the credit risk that is concentrated in the banking system.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankCarino-Young, Monica Mei V.https://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=59151-001 (Active)&officer= mmyoung@adb.org&division= Finance Sector Office (SD3-FIN)&projectcountry= BhutanBhutan27.38626 90.42845Some gender elements (SGE)5000000Asian Development BankMinistry of Finance5000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryPolicy Action/s as listed by the project staff. Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 1: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome 3: The total number of loans restructured. Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 1: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome 4: All 5 banks adopt revised cybersecurity guidelines Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 1: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome 6: At least one company rated by a domestic credit rating agency. Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: RMA approved revised external Commercial Borrowings Guidelines. Action 2: Cabinet approved the enabling provisions for credit rating agencies through the updated FDI Rules and Regulations 2025. Action 1: RMA approved revised external Commercial Borrowings Guidelines. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 2: Strengthening capital markets and institutions NA Action 2: Cabinet approved the enabling provisions for credit rating agencies through the updated FDI Rules and Regulations 2025. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: RMA approved revised external Commercial Borrowings Guidelines. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 2: Strengthening capital markets and institutions NA Action 2: Cabinet approved the enabling provisions for credit rating agencies through the updated FDI Rules and Regulations 2025. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 3: Increase financial inclusion encompassing digitalization and green finance NA Action 2: MOF approved the National Green Taxonomy for climate mitigation. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks. Action 2: MOF approved the National Green Taxonomy for climate mitigation. Action 3: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds. Action 1: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks. Action 2: MOF approved the National Green Taxonomy for climate mitigation. Action 3: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds. Action 1: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks. Action 2: MOF approved the National Green Taxonomy for climate mitigation. Action 3: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: Total capital adequacy ratio of financial institutions maintained 1% above the prudential requirement of 12.5% Description: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: Total capital adequacy ratio of financial institutions maintained 1% above the prudential requirement of 12.5% Description: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: Total capital adequacy ratio of financial institutions maintained 1% above the prudential requirement of 12.5% Description: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: Total capital adequacy ratio of financial institutions maintained 1% above the prudential requirement of 12.5% Description: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: 100% compliance of Banks' and nonbanks' exposure to single borrower limits Description: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: 100% compliance of Banks' and nonbanks' exposure to single borrower limits Description: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: 100% compliance of Banks' and nonbanks' exposure to single borrower limits Description: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: 100% compliance of Banks' and nonbanks' exposure to single borrower limits Description: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR.Reform area: Strengthening capital markets and institutions Outcome: Trading transactions increased by 10%. Description: RMA approved revised external Commercial Borrowings Guidelines.Reform area: Strengthening capital markets and institutions Outcome: Trading transactions increased by 10%. Description: Cabinet approved the enabling provisions for credit rating agencies through the updated FDI Rules and Regulations 2025.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Suspicious transactions reported increased by 10% Description: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Suspicious transactions reported increased by 10% Description: MOF approved the National Green Taxonomy for climate mitigation.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Suspicious transactions reported increased by 10% Description: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Number of bank accounts, insurance policies increased Description: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Number of bank accounts, insurance policies increased Description: MOF approved the National Green Taxonomy for climate mitigation.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Number of bank accounts, insurance policies increased Description: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: At least one financial institution aligns their portfolio with green taxonomy. Description: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: At least one financial institution aligns their portfolio with green taxonomy. Description: MOF approved the National Green Taxonomy for climate mitigation.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: At least one financial institution aligns their portfolio with green taxonomy. Description: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds. XM-DAC-46004-59151-001-LN4722Asian Development BankThe proposed program is designed to strengthen the banking and capital markets of Bhutan by enhancing the regulatory frameworks and improving the implementation of regulations, which will result in financial stability for sustained and inclusive financial intermediation. The program intends to (i) strengthen the transparency of operations of banks and nonbanks through increased compliance with international norms, improving asset quality and leading to efficient and effective financial intermediation; (ii) support capital markets to deepen the market, expand the suite of products, and leverage opportunities to raise sustainable finance; and (iii) improve financial inclusion with strong digital, gender, and climate focus. This program builds on the initial reforms achieved in several areas under the successful Financial Market Development Program (FMDP) from 2019 to 2021 and the activities outlined in the post-program partnership framework. The proposed program is in line with the strategic priority areas for financial market development, climate adaptation, green financing, and gender equality under the Bhutan country partnership strategy. Further, the program is aligned with three of the five focus areas of the Asian Development Bank (ADB) Strategy 2030 midterm review: climate action, private sector development, and digital transformation. The government's Thirteenth Five Year Plan, 2024-2029 identified that the private sector remains untapped, with a low contribution to the economy. Bhutan has a weak financial ecosystem, which impacts the availability of funds and products to mobilize the domestic and international capital required to develop the economy. To achieve the gross domestic product (GDP) target of $5 billion outlined in the 13th plan, substantial capital needs to be mobilized from domestic financial institutions and capital markets. However, development of both the banking sector and capital market have not progressed in line with government's aspirations, while critical institutions in the financial ecosystem such as rating agencies are currently absent. Further, limited access to finance is a key barrier hindering private sector growth, since the sector is largely made up of small businesses that face collateral issues in obtaining bank lending. Therefore, strengthening bank and nonbank institutions and capital markets is critical to ensure a steady flow of credit to businesses, provide diverse investment avenues for depositors and investors, and reduce the credit risk that is concentrated in the banking system.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankCarino-Young, Monica Mei V.https://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=59151-001 (Active)&officer= mmyoung@adb.org&division= Finance Sector Office (SD3-FIN)&projectcountry= BhutanBhutan27.38626 90.42845Some gender elements (SGE)10000000Asian Development BankMinistry of Finance10000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryPolicy Action/s as listed by the project staff. Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 1: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome 3: The total number of loans restructured. Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 1: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome 4: All 5 banks adopt revised cybersecurity guidelines Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Action 1: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 1: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome 6: At least one company rated by a domestic credit rating agency. Action 2: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 4: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: RMA approved revised external Commercial Borrowings Guidelines. Action 2: Cabinet approved the enabling provisions for credit rating agencies through the updated FDI Rules and Regulations 2025. Action 1: RMA approved revised external Commercial Borrowings Guidelines. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 2: Strengthening capital markets and institutions NA Action 2: Cabinet approved the enabling provisions for credit rating agencies through the updated FDI Rules and Regulations 2025. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: RMA approved revised external Commercial Borrowings Guidelines. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 2: Strengthening capital markets and institutions NA Action 2: Cabinet approved the enabling provisions for credit rating agencies through the updated FDI Rules and Regulations 2025. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: YPolicy 3: Increase financial inclusion encompassing digitalization and green finance NA Action 2: MOF approved the National Green Taxonomy for climate mitigation. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 3: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds. Base year: 2024 Base value: N Target date: 2025-10-27 Target value: Y Action 1: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks. Action 2: MOF approved the National Green Taxonomy for climate mitigation. Action 3: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds. Action 1: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks. Action 2: MOF approved the National Green Taxonomy for climate mitigation. Action 3: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds. Action 1: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks. Action 2: MOF approved the National Green Taxonomy for climate mitigation. Action 3: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: Total capital adequacy ratio of financial institutions maintained 1% above the prudential requirement of 12.5% Description: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: Total capital adequacy ratio of financial institutions maintained 1% above the prudential requirement of 12.5% Description: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: Total capital adequacy ratio of financial institutions maintained 1% above the prudential requirement of 12.5% Description: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: Total capital adequacy ratio of financial institutions maintained 1% above the prudential requirement of 12.5% Description: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: 100% compliance of Banks' and nonbanks' exposure to single borrower limits Description: Accounting and Auditing Standards Board of Bhutan (AASBB) approved its roadmap to for compliance with Bhutanese Accounting Standards (BAS) 2025/2026.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: 100% compliance of Banks' and nonbanks' exposure to single borrower limits Description: RMA will complete an Asset Quality Review (AQR) to identify stresses and risks on the balance sheets of selected banks for potential recapitalization.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: 100% compliance of Banks' and nonbanks' exposure to single borrower limits Description: RMA issued regulations on Nonperforming Loan Management to ensure effective and proper management of NPLs and stressed loans and enhance transparency.Reform area: Strengthening banking and nonbanking systems for efficient financial intermediation Outcome: 100% compliance of Banks' and nonbanks' exposure to single borrower limits Description: RMA issued guidelines on computation of the liquidity coverage ratio (LCR) with a view to increasing the short-term resilience of banks, ensuring transparency and providing a standard framework to calculate the LCR.Reform area: Strengthening capital markets and institutions Outcome: Trading transactions increased by 10%. Description: RMA approved revised external Commercial Borrowings Guidelines.Reform area: Strengthening capital markets and institutions Outcome: Trading transactions increased by 10%. Description: Cabinet approved the enabling provisions for credit rating agencies through the updated FDI Rules and Regulations 2025.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Suspicious transactions reported increased by 10% Description: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Suspicious transactions reported increased by 10% Description: MOF approved the National Green Taxonomy for climate mitigation.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Suspicious transactions reported increased by 10% Description: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Number of bank accounts, insurance policies increased Description: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Number of bank accounts, insurance policies increased Description: MOF approved the National Green Taxonomy for climate mitigation.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: Number of bank accounts, insurance policies increased Description: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: At least one financial institution aligns their portfolio with green taxonomy. Description: RMA issued Anti-Money Laundering and Countering of Financing of Terrorism Regulations 2025 applicable to banks.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: At least one financial institution aligns their portfolio with green taxonomy. Description: MOF approved the National Green Taxonomy for climate mitigation.Reform area: Increase financial inclusion encompassing digitalization and green finance Outcome: At least one financial institution aligns their portfolio with green taxonomy. Description: MOF approved the draft sustainable financing framework for issuance of sovereign green and social bonds. XM-DAC-46004-58522-001-GRNT1030Asian Development BankThe role of trade as a driver of economic growth and poverty reduction has long been recognized, as manifested in various World Trade Organization (WTO) platforms and the principles behind Aid for Trade. The proposed policy-based lending program aims to support the expansion and diversification of Bhutan's tradein trade partners and productsby unblocking policy bottlenecks, establishing institutional structures, filling legal and regulatory gaps, and rolling out new business processes and procedures. It aligns with the government's National Export Strategy 2022 and the 13th Five Year Plan, 2024-2028, which identifies the country's limited trade engagement as a barrier to deeper integration into the regional and international economy. The program will help create an enabling environment for trade by complementing other interrelated enablers under the 13th Five Year Plan, such as transport connectivity, access to finance, skills development and job creation, and production scaling. The shortage of jobs has been one of the most critical development challenges in recent years, triggering an outward migration at an unprecedented scale. Given the small domestic market, the 13th Five Year Plan recognizes greater access to external markets as a cornerstone for strengthening the industry sector, which, in turn, will support job creation.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankGupta, Kanupriyahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=58522-001 (Active)&officer= kgupta@adb.org&division= Public Sector Management and Governance Sector Office (SD3-PSMG)&projectcountry= BhutanBhutan27.38626 90.42845Some gender elements (SGE)12000000Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance12000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryPolicy Action/s as listed by the project staff. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment. Action 2: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards. Action 3: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance. Action 4: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment. Action 1: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment. Action 2: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards. Action 3: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance. Action 4: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment. Action 1: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment. Action 2: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards. Action 3: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance. Action 4: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment. Action 1: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment. Action 2: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards. Action 3: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance. Action 4: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: f. At least 30% of the cargo containers bound for Bhutan from Kolkata Port use ECTS (Baseline: 0) Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: f. At least 30% of the cargo containers bound for Bhutan from Kolkata Port use ECTS (Baseline: 0) Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: f. At least 30% of the cargo containers bound for Bhutan from Kolkata Port use ECTS (Baseline: 0) Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: f. At least 30% of the cargo containers bound for Bhutan from Kolkata Port use ECTS (Baseline: 0) Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: g. 15% of customs declaration assessments undertaken using valuation database Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: g. 15% of customs declaration assessments undertaken using valuation database Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: g. 15% of customs declaration assessments undertaken using valuation database Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: g. 15% of customs declaration assessments undertaken using valuation database Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: h. At least 5 actionable recommendations from TRS 2024 findings implemented Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: h. At least 5 actionable recommendations from TRS 2024 findings implemented Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: h. At least 5 actionable recommendations from TRS 2024 findings implemented Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: h. At least 5 actionable recommendations from TRS 2024 findings implemented Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: i. At least 50% of the CSDS delivered Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: i. At least 50% of the CSDS delivered Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: i. At least 50% of the CSDS delivered Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: i. At least 50% of the CSDS delivered Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: j. 30% of the transactions conducted utilizing the digitally integrated applications under the BTFN Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: j. 30% of the transactions conducted utilizing the digitally integrated applications under the BTFN Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: j. 30% of the transactions conducted utilizing the digitally integrated applications under the BTFN Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: j. 30% of the transactions conducted utilizing the digitally integrated applications under the BTFN Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Policy and regulatory environment for private sector development improved Outcome: k. At least 2 high potential priority sectors attract FDI to foster partnerships, enhance value addition and develop eco-friendly industries Description: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment.Reform area: Policy and regulatory environment for private sector development improved Outcome: k. At least 2 high potential priority sectors attract FDI to foster partnerships, enhance value addition and develop eco-friendly industries Description: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards.Reform area: Policy and regulatory environment for private sector development improved Outcome: k. At least 2 high potential priority sectors attract FDI to foster partnerships, enhance value addition and develop eco-friendly industries Description: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance.Reform area: Policy and regulatory environment for private sector development improved Outcome: k. At least 2 high potential priority sectors attract FDI to foster partnerships, enhance value addition and develop eco-friendly industries Description: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment.Reform area: Policy and regulatory environment for private sector development improved Outcome: l. 50% of cross-border e-commerce shipments handled under the expedited shipment regulations Description: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment.Reform area: Policy and regulatory environment for private sector development improved Outcome: l. 50% of cross-border e-commerce shipments handled under the expedited shipment regulations Description: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards.Reform area: Policy and regulatory environment for private sector development improved Outcome: l. 50% of cross-border e-commerce shipments handled under the expedited shipment regulations Description: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance.Reform area: Policy and regulatory environment for private sector development improved Outcome: l. 50% of cross-border e-commerce shipments handled under the expedited shipment regulations Description: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment.Reform area: Policy and regulatory environment for private sector development improved Outcome: m. 15 business entities authorized as AEOs Description: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment.Reform area: Policy and regulatory environment for private sector development improved Outcome: m. 15 business entities authorized as AEOs Description: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards.Reform area: Policy and regulatory environment for private sector development improved Outcome: m. 15 business entities authorized as AEOs Description: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance.Reform area: Policy and regulatory environment for private sector development improved Outcome: m. 15 business entities authorized as AEOs Description: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment.Reform area: Policy and regulatory environment for private sector development improved Outcome: n. At least 3 capacity building sessions held and at least 2 partnerships finalized with the private sector to provide services related to dry port operations Description: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment.Reform area: Policy and regulatory environment for private sector development improved Outcome: n. At least 3 capacity building sessions held and at least 2 partnerships finalized with the private sector to provide services related to dry port operations Description: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards.Reform area: Policy and regulatory environment for private sector development improved Outcome: n. At least 3 capacity building sessions held and at least 2 partnerships finalized with the private sector to provide services related to dry port operations Description: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance.Reform area: Policy and regulatory environment for private sector development improved Outcome: n. At least 3 capacity building sessions held and at least 2 partnerships finalized with the private sector to provide services related to dry port operations Description: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment. XM-DAC-46004-58522-001-LN4752Asian Development BankThe role of trade as a driver of economic growth and poverty reduction has long been recognized, as manifested in various World Trade Organization (WTO) platforms and the principles behind Aid for Trade. The proposed policy-based lending program aims to support the expansion and diversification of Bhutan's tradein trade partners and productsby unblocking policy bottlenecks, establishing institutional structures, filling legal and regulatory gaps, and rolling out new business processes and procedures. It aligns with the government's National Export Strategy 2022 and the 13th Five Year Plan, 2024-2028, which identifies the country's limited trade engagement as a barrier to deeper integration into the regional and international economy. The program will help create an enabling environment for trade by complementing other interrelated enablers under the 13th Five Year Plan, such as transport connectivity, access to finance, skills development and job creation, and production scaling. The shortage of jobs has been one of the most critical development challenges in recent years, triggering an outward migration at an unprecedented scale. Given the small domestic market, the 13th Five Year Plan recognizes greater access to external markets as a cornerstone for strengthening the industry sector, which, in turn, will support job creation.Asian Development BankMinistry of FinanceAsian Development BankAsian Development BankGupta, Kanupriyahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=58522-001 (Active)&officer= kgupta@adb.org&division= Public Sector Management and Governance Sector Office (SD3-PSMG)&projectcountry= BhutanBhutan27.38626 90.42845Some gender elements (SGE)13000000Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of Finance13000000.00Asian Development BankMinistry of Finance0.00Asian Development BankMinistry of FinancePolicyPerformanceFiduciaryPolicy Action/s as listed by the project staff. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet. Action 2: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification. Action 3: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability. Action 4: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations. Action 5: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards. Action 2: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner. Action 3: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration. Action 4: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform. Action 1: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment. Action 2: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards. Action 3: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance. Action 4: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment. Action 1: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment. Action 2: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards. Action 3: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance. Action 4: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment. Action 1: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment. Action 2: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards. Action 3: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance. Action 4: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment. Action 1: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment. Action 2: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards. Action 3: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance. Action 4: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: a. At least 2 annual meetings of NTFC will be held per year, with participation of private sector and women traders Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: b. At least 20% of the annual exports to the signatory country covered under preferential certificates of origin Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: c. At least 100 inquiries received and disposed by the SPS National Enquiry Point Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: d. At least 6 TFA measures recommended under the ‘gap' analysis implemented Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.1. As an overarching body with a clear mandate to lead the national efforts on trade facilitation, the Policy and Planning Coordination Meeting (PPCM) of the Ministry of Industry, Commerce, and Employment (MOICE) approved the establishment of a revamped National Trade Facilitation Committee (NTFC) with expanded terms of reference (TOR), a secretariat, and representatives from the private sector including women traders and agencies engaged in environmental protection and climate change actions, and submitted the proposal to the Cabinet.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.2. To enable greater participation of Bhutan in international trade and aid in trade diversification, (i) the MOICE adopted a trade agreement negotiations framework, which includes the model texts for trade agreements, data analytics tools for assessing market potential and selection of target countries; guidelines on preparatory actions before entering negotiations; and guidelines on the formation of the negotiating working groups with TOR, reflecting gender and environmental considerations; and (ii) the government signed with at least one new country an FTA, having formed inter-agency negotiating working groups, with TOR and gender consideration and submitted the Agreement to the Parliament for ratification.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.3. The Cabinet passed a resolution vesting the Bhutan Food and Drugs Authority (BFDA) the legal mandate to act as the national inquiry point on Sanitary and Phyto-Sanitary (SPS) in line with the applicable WTO standards, and the BFDA commenced implementation of the inquiry point and launched the SPS portal for enhanced transparency and predictability.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.4. To enhance Bhutan's capacity to meet the regulatory requirements of trade partners and to improve its readiness to enter into trade agreements or mutual recognition agreements (MRAs), (i) the MOICE approved a gap analysis on metrology, standards, and certification, benchmarking against the WTO Technical Barriers to Trade (TBT) agreement, and adopted its recommendations; and (ii) the Department of Revenue and Customs (DRC), Ministry of Finance (MOF) has approved a gap analysis on the WTO Trade Facilitation Agreement (TFA) and adopted its actionable recommendations.Reform area: Institutions to promote engagement in global and regional trade strengthened Outcome: e. At least 2 dry ports under the approved institutional mechanism to be operationalized Description: 1.5. The PPCM of MOICE approved the establishment of an institutional mechanism for managing operations of dry ports in Bhutan, for more efficient and sustainable logistics and for standardizing the operation of dry ports across the country.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: f. At least 30% of the cargo containers bound for Bhutan from Kolkata Port use ECTS (Baseline: 0) Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: f. At least 30% of the cargo containers bound for Bhutan from Kolkata Port use ECTS (Baseline: 0) Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: f. At least 30% of the cargo containers bound for Bhutan from Kolkata Port use ECTS (Baseline: 0) Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: f. At least 30% of the cargo containers bound for Bhutan from Kolkata Port use ECTS (Baseline: 0) Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: g. 15% of customs declaration assessments undertaken using valuation database Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: g. 15% of customs declaration assessments undertaken using valuation database Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: g. 15% of customs declaration assessments undertaken using valuation database Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: g. 15% of customs declaration assessments undertaken using valuation database Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: h. At least 5 actionable recommendations from TRS 2024 findings implemented Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: h. At least 5 actionable recommendations from TRS 2024 findings implemented Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: h. At least 5 actionable recommendations from TRS 2024 findings implemented Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: h. At least 5 actionable recommendations from TRS 2024 findings implemented Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: i. At least 50% of the CSDS delivered Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: i. At least 50% of the CSDS delivered Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: i. At least 50% of the CSDS delivered Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: i. At least 50% of the CSDS delivered Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: j. 30% of the transactions conducted utilizing the digitally integrated applications under the BTFN Description: 1.6. To manage supply chain and revenue leakage risks and effectively administer customs laws, (i) the Department of Revenue and Customs (DRC) conducted a Regulatory Impact Assessment (RIA) on the compliance management by the customs administration, including the post-clearance audit, pre-arrival processing, risk management, non-intrusive inspection, and authorized operators, and adopted the framework to implement its actionable recommendations; (ii) the DRC adopted a roadmap to implement the electronic cargo tracking system (ECTS); and (iii) the DRC issued a framework on customs valuation in conformity with international standards.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: j. 30% of the transactions conducted utilizing the digitally integrated applications under the BTFN Description: 1.7. For better risk management and expeditious clearances, (i) the MOF approved the Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control on Goods by the DRC and for this purpose, enter into international arrangements to initiate the process of cross-border pre-arrival data exchange; and (ii) based on the approval by the MOF, the DRC shared a Memorandum of Understanding (MOU) for Cooperation in Exchange of Pre-Arrival Information for Facilitation of Trade and Customs Control with at least one key trade partner.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: j. 30% of the transactions conducted utilizing the digitally integrated applications under the BTFN Description: 1.8. The DRC (i) conducted the data-driven customs time release study (TRS) and business process analysis for adoption of its actionable recommendations by MOF to improve the efficiency of the customs clearance procedures; (ii) published online the TRS findings for transparency; (iii) issued the directive to conduct TRS at regular intervals and publicly disseminate the results; and (iv) formulated and published online its Customer Service Delivery Standards (CSDS) on the service levels that the traders are to expect from the customs administration.Reform area: Trade process digitalization, transparency, and predictability enhanced Outcome: j. 30% of the transactions conducted utilizing the digitally integrated applications under the BTFN Description: 1.9. The Royal Monetary Authority (RMA) (i) completed integrating trade platform services in Bhutan TradeFin Net (BTFN), including the electronic customs management system (eCMS); and (ii) conducted a technical and business process effectiveness review of the BTFN performance to provide improved digital services to traders and to identify the service offering that could be included in the trade national single window platform.Reform area: Policy and regulatory environment for private sector development improved Outcome: k. At least 2 high potential priority sectors attract FDI to foster partnerships, enhance value addition and develop eco-friendly industries Description: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment.Reform area: Policy and regulatory environment for private sector development improved Outcome: k. At least 2 high potential priority sectors attract FDI to foster partnerships, enhance value addition and develop eco-friendly industries Description: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards.Reform area: Policy and regulatory environment for private sector development improved Outcome: k. At least 2 high potential priority sectors attract FDI to foster partnerships, enhance value addition and develop eco-friendly industries Description: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance.Reform area: Policy and regulatory environment for private sector development improved Outcome: k. At least 2 high potential priority sectors attract FDI to foster partnerships, enhance value addition and develop eco-friendly industries Description: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment.Reform area: Policy and regulatory environment for private sector development improved Outcome: l. 50% of cross-border e-commerce shipments handled under the expedited shipment regulations Description: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment.Reform area: Policy and regulatory environment for private sector development improved Outcome: l. 50% of cross-border e-commerce shipments handled under the expedited shipment regulations Description: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards.Reform area: Policy and regulatory environment for private sector development improved Outcome: l. 50% of cross-border e-commerce shipments handled under the expedited shipment regulations Description: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance.Reform area: Policy and regulatory environment for private sector development improved Outcome: l. 50% of cross-border e-commerce shipments handled under the expedited shipment regulations Description: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment.Reform area: Policy and regulatory environment for private sector development improved Outcome: m. 15 business entities authorized as AEOs Description: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment.Reform area: Policy and regulatory environment for private sector development improved Outcome: m. 15 business entities authorized as AEOs Description: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards.Reform area: Policy and regulatory environment for private sector development improved Outcome: m. 15 business entities authorized as AEOs Description: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance.Reform area: Policy and regulatory environment for private sector development improved Outcome: m. 15 business entities authorized as AEOs Description: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment.Reform area: Policy and regulatory environment for private sector development improved Outcome: n. At least 3 capacity building sessions held and at least 2 partnerships finalized with the private sector to provide services related to dry port operations Description: 1.10. The Cabinet issued new FDI Rules and Regulations 2025 addressing the limitations in the existing FDI Policy 2019 and improving transparency and clarity, to promote foreign investment.Reform area: Policy and regulatory environment for private sector development improved Outcome: n. At least 3 capacity building sessions held and at least 2 partnerships finalized with the private sector to provide services related to dry port operations Description: 1.11. The DRC issued regulations on “expedited shipments” to facilitate express delivery of small shipments and to promote cross-border e-commerce, in line with global standards.Reform area: Policy and regulatory environment for private sector development improved Outcome: n. At least 3 capacity building sessions held and at least 2 partnerships finalized with the private sector to provide services related to dry port operations Description: 1.12. The DRC carried out and approved an assessment of the authorized compliant traders' program and other programs for compliant traders, which includes identification of improvements required for a program that facilitates traders' voluntary compliance.Reform area: Policy and regulatory environment for private sector development improved Outcome: n. At least 3 capacity building sessions held and at least 2 partnerships finalized with the private sector to provide services related to dry port operations Description: 1.13. The Cabinet approved the legal proposal submitted by the MOICE for preparing the Trade and Investment Bill and the MOICE commenced the legal impact assessment of the Bill, to promote the growth of private sector and improve the business environment. XM-DAC-46004-49039-001-EI7449Asian Development BankThe project will support the development of an inclusive and climate-resilient hazelnut value chain in Bhutan, which will involve about 15,000 smallholder farmers who will plant about 10 million trees on about 22,000 acres of previously fallow or degraded land. The project includes two components: (i) a $14.8 million expansion plan of Mountain Hazelnut Venture Private Limited (MH), and (ii) a $1.5 million TA to MH and value chain participants. The company''s expansion plan includes investment in: (i) seedling development, (ii) tree planting, (iii) extension services, and (iv) processing and logistics. The TA will provide training and pilot technologies to strengthen the inclusiveness and climate resilience of the hazelnut value chain in Bhutan.Asian Development BankMountain Hazelnuts Group LimitedAsian Development BankAsian Development BankSingh, Samarendrahttps://www.adb.org/forms/request-information-form?topic=projects&source=PDS&subject=49039-001 (Active)&officer= ssingh@adb.org&division= Portfolio Management Division, PSOD&projectcountry= BhutanRegionalNA NAInclusive economic growthPrivate sector developmentEffective gender mainstreaming (EGM)3000000Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group Limited0.00Asian Development BankMountain Hazelnuts Group LimitedPerformanceFiduciaryOutput/s as listed by the project staff.Output: 1. Expansion plan successfully completed Indicator: 1a. Number of hazelnut trees planted increases to at least 8 million by 2019b (2014 baseline: 2.5 million) Data Source: MH's annual report to ADB Actual value: Output: 1. Expansion plan successfully completed Indicator: 1b. Number of hectares of degraded or fallow land planted with hazelnut trees increases to at least 6,500 by 2019b (2014 baseline: 2,000) Data Source: MH's annual report to ADB Actual value: Output: 1. Expansion plan successfully completed Indicator: 1c. Number of farmers having received extension services from MH increases to at least 15,000 by 2019 (including at least 50% women) (2014 baseline: 5,000, of which 50% are women) Data Source: MH's annual report to ADB Actual value: Output: 1. Expansion plan successfully completed Indicator: 1d. The new processing facility is completed and fully operational by 2016 (2014 year baseline: not applicable) Data Source: MH's annual report to ADB Baseline year: 2014 Baseline value: N Baseline year: 2014 Baseline value: N Target year: 2016 Target value: YOutput: 2. Technical assistance successfully delivered Indicator: 2a. Number of women farmers trained in personal finance reaches at least 4,000 by 2018 (2014 baseline: 0) Data Source: Consultants' annual report to ADB Actual value: Output: 2. Technical assistance successfully delivered Indicator: 2b. Number of value chain entrepreneurs supported reaches at least 300 by 2018 (including at least 50% women) (2014 baseline: 0) Data Source: Consultants' annual report to ADB Actual value: Exports of hazelnuts sustainably sourced from smallholder famers ramped upa. Export sales of hazelnuts reach at least $5 million in 2020b (2014 baseline: $0) Data Source: MH's annual report to ADB Actual value: b. Number of MH employees increases to at least 1,000 by 2020 (including at least 50% women) (2014 baseline: 500, of which 47% are women) Data Source: MH's annual report to ADB Actual value: c. Number of smallholder farmers selling to MH reaches at least 15,000 in 2020 (including at least 50% women) (2014 baseline: 0) Data Source: MH's annual report to ADB Actual value: d. Carbon emissions reduced by at least 22,500 tons per year by 2020b (2014 baseline: 0) Data Source: MH's annual report to ADB Actual value: