Sunday, June 8, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

ADB increases concessional loan to Bhutan by over US$ 20 M

March 6, 2019
in Uncategorized
Reading Time: 1 min read
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

From this year, Bhutan can now access about US$ 70 M in the highly concessional loan from the Asian Development Bank (ADB), which is an increase by over US$ 20 M as compared to previous years.

This was highlighted at the celebrations of the 5th anniversary of the establishment of the Bank’s Bhutan Resident Mission yesterday.

The Resident Mission’s Country Director said, in addition to the revised concessional loan, Bhutan can access to an additional US$ 3 M grant annually. It will be for projects that will address disaster preparedness and disaster reduction.

“The relationship between the ADB and Bhutan will continue as a partnership. We are proud to partner with the government. We will work closely as a development partner and even local stakeholders in terms of think-tank and civil society in order to deliver development agenda,” Kanokpan Lao-Araya, the Country Director of Bhutan Resident Mission, said.

The ADB has been Bhutan’s largest multilateral development partner. Since Bhutan joined the ADB in 1982, Bhutan has received its assistance in the form of concessionary Asian Development Fund loans and grants, Ordinary Capital Resources loans for hydropower development and various types of technical assistance.

“The Bank has taken into consideration the country’s resource gap and identified critical developmental needs of the country. Today, the ADB’s focus is in line with the country’s five-year development plan and the country partnership strategy,” Finance Minister Namgay Tshering said.

“It is mainly focused in the areas of roads, urban infrastructure development, energy and rural electrification projects, and financial sector development.”

Bhutan has so far received US$ 495 M in loan and 246 M dollars as grants from the ADB.

Previous Post

Need to bring down maximum alcohol permissible limit while driving study suggests

Next Post

Three Japanese grant assistance projects worth 24 M Yen signed

Next Post

Three Japanese grant assistance projects worth 24 M Yen signed

Kidu Mobile Medical Unit saw 4,455 people in Samdrup Jongkhar

First Bhutanese coach hired by international football academy

Please login to join discussion

RECOMMENDED NEWS

Rural-rural migration tops rural-urban migration

Rural-rural migration tops rural-urban migration

5 years ago
16

People of Pema Gatshel want gynecology unit reinstated

11 years ago
3
His Majesty appoints Bhutan’s Ambassador to Kuwait and Zimpon Wogmas

His Majesty appoints Bhutan’s Ambassador to Kuwait and Zimpon Wogmas

9 years ago
137

Norgaygang Gewog’s plea for GC road takeover denied

2 years ago
27

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (278)
  • Education (413)
  • Entertainment (13)
  • Environment (61)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (9)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (516)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Phuentshogling Thromde installs reverse vending machine to promote recycling
  • Fixed deposit interest to be taxed at 10% under proposed Income Tax Bill
  • Yonphula Specialised Rehabilitation School to open next month
  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.