ADB Plans Bhutan Aid Increase

Mountains and terraced fields in Bhutan. Asian Development Bank President Haruhiko Kuroda was in the country for a three-day visit, where he announced ADB's plan to boost funding for the South Asian nation. Photo by: World Bank / CC BY-NC-ND World BankCC BY-NC-ND

The Asian Development Bank will increase its assistance to Bhutan for the next two years, according to ADB President Haruhiko Kuroda.

The 2011-2012 ADB budget for the South Asian nation amounts to USD58.4 million, up by 60 percent from the previous two-year allocation.

Kuroda made the announcement at the conclusion of his three-day visit to Bhutan. He lauded the country for its significant achievement in meeting the Millennium Development Goals. 

Bhutan was able to cut its poverty level from more than 36 percent in 2000 to around 23 percent in 2007, according to an ADB press release.

ADB has been supporting energy, transport, urban infrastructure, finance, and governance programs in Bhutan.

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    Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.