Friday, June 27, 2025
  • Webmail
  • 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

EIB to start operations in Bhutan

February 3, 2022
in Business
Reading Time: 2 mins read
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The European Investment Bank (EIB)will start its operations in the country. Bhutan and the Bank officially acknowledged the ratification of the Country Framework Agreement. The European Investment Bank is the Bank of the European Union. It is the biggest multilateral financial institution in the world and one of the largest providers of climate finance.

To this effect, the Foreign Secretary, Ambassador Pema Choden, signed the statement with the Vice President of the Bank at their headquarters in Luxembourg on Monday.

The Bank will significantly expand the existing EU economic support for Bhutan, especially on climate action, climate resilience and energy efficiency.

Only the government would be able to borrow from the European Investment Bank under the framework agreement.

“Entering into ratification agreement with EIB doesn’t mean that we are going to borrow upfront. It is just an indication that we are being an active member with the EIB so that we are secured in the near future that if the lending policy conditions from the other developmental banks are unfavourable, we will at least have an option to switch on to another source of financing,” said Finance Minister, Namgay Tshering.

The Finance Minister said they will not establish an office in Bhutan but will operate from the offices based in the region. The Parliament ratified the European Investment Bank framework agreement in March last year.

“We have dissected and decoded every 13 clauses and have engaged in closer dialogue with EIB. So, EIB was gracious enough and very considerate that they were willing to amend ratification agreement based on the suggestion made by National Council,” added the Finance Minister.

The Finance Minister said Bhutan is now in partnership with four multilateral development banks.

Samten Dolkar

Previous Post

Poultry farmers worried with the government’s plan to import eggs

Next Post

Peoples’ expectations from the winning candidate of Khamdang-Ramjar bye-election

Next Post
Peoples’ expectations from the winning candidate of Khamdang-Ramjar bye-election

Peoples’ expectations from the winning candidate of Khamdang-Ramjar bye-election

Khamdang-Ramjar bye-election sees voter turnout of more than 52 per cent

Khamdang-Ramjar bye-election sees voter turnout of more than 52 per cent

1010 HelpDesk, a group of unsung heroes during the pandemic

1010 HelpDesk, a group of unsung heroes during the pandemic

Please login to join discussion

RECOMMENDED NEWS

Selecting the best young footballers

13 years ago
1

4 students of YHSS convicted

13 years ago
5
Cyberbullying a growing concern among students

Cyberbullying a growing concern among students

2 years ago
135
M 7.3 temblor hit Eastern Nepal today

M 7.3 temblor hit Eastern Nepal today

10 years ago
2

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (439)
  • Announcement (179)
  • Audience Survey Report (1)
  • Business (759)
  • Crime/Legal (370)
  • Culture (48)
  • Development (57)
  • Disaster (57)
  • Economy (289)
  • Education (419)
  • Entertainment (16)
  • Environment (66)
  • Feature (65)
  • Featured (6)
  • Festival (81)
  • GMC (14)
  • Headlines (5)
  • Health (630)
  • Legal (53)
  • Literature (9)
  • Livestock (76)
  • Media (26)
  • Other Stories (5,687)
  • Politics (419)
  • RCSC (1)
  • Recent stories (6)
  • Religion (45)
  • Sci/Tech (712)
  • Social (548)
  • Sports (456)
  • Technology (191)
  • Tourism (22)
  • Uncategorized (13,868)
  • Video (141)
  • Video Story (257)
  • 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
  • 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
  • Post-mortem confirms foul play: Progress in investigation of 24-year-old woman’s death

    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

  • Lead exposure may be contributing to high anaemia levels among children in Bhutan
  • MoIT imposes moratorium on issuance of taxi driving licence
  • Book on temples and monasteries of Trongsa’s Drakteng wins Dzongkha Booker Prize
  • Shumar Cheden Tshephel Detshen becomes self-reliant with own milk processing unit
  • Fire risk from phones at fuel depot low but never non-existent

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
  • Webmail
  • 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.