Construction workers at the Dagachhu Hydropower Development in Bhutan, which forms part of the Asian Development Bank’s Green Development Power Project. Energy is one of ADB’s priority sectors in Bhutan. Photo by: ADB / CC BY-NC-ND
In recent years, Bhutan has achieved tremendous progress in strengthening its economy, almost halving its poverty rate from 23.2 percent in 2007 to just 12 percent in 2012. Despite having landlocked borders and limited access to trade networks, the South Asian country managed to sustain an average 7.3 percent growth in gross domestic product from 2008 to 2013 by harnessing its hydropower resources. Successes in gender equity and women’s reproductive health, increased participation in primary and secondary education, and the continued decline of maternal mortality are also among the country’s most significant achievements in the past decade.
About the author
Aimee Rae Ocampo
In her role as editor for business insight, Aimee creates and manages multimedia content and cutting-edge analysis for executives in international development. As the manager of Development Insider, Devex's flagship publication for executive members, she is constantly on the lookout for the latest news, trends and policies that influence the business of development.
