The European Investment Bank Framework Agreement will be tabled for discussion in the parliament’s joint sitting, tomorrow. The National Council, during the last winter session, unanimously agreed not to ratify the agreement.
The National Council did not ratify the agreement since the legislative authority of the European Investment bank is valued more than the country’s law.
For instance, if any dispute arises between the bank and the government, the legislative privileges will be more of the bank than Bhutan.
The Opposition, during the previous session, proposed finance ministry review the agreement and present it once again in the parliament session.
The government, during the Meet the Press session in January, had said the European Investment Bank will help the country boost its economy.
They had said Bhutan will not be eligible for the grants from donor agencies as it transits from the least developed country category soon.
“Avenues like European investment bank must be explored,” they had said.
