PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600756

Primary Business Area

Finance and Markets

Disclosure Date

Nov 15, 2016

Country

Bhutan

Region

South Asia

IFC Approval Date

Apr 22, 2016

Status

Completed

Estimated Total Budget

$1,056,669.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2019

Project Description

This project aims to promote greater financial inclusion by strengthening the financial infrastructure in the country and enhancing transparency and confidence in the financial sector. The project aims to achieve this objective by:
1. Providing support to the Royal Monetary Authority of Bhutan (RMA) and key institutions as Credit Information Bureau (CIB) and Central Registry Secured Transactions (CRST);
2. Strengthening the regulatory, supervision role and governance structure for the overall credit reporting framework in the country and supporting CIB operations;
3. Strengthening the legal and institutional framework for secured transactions;
4. Strengthening the insolvency framework.

Development Results

E&S Risks / Impacts and Mitigation