World Bank Unveils 2011-2014 Strategy for Bhutan

A group of Bhutanese dance in a local ceremony. The World Bank looks to provide Bhutan USD78 million under its 2011-2014 strategy for the Asian country. Photo by: Curt Carnemark / World Bank

The World Bank plans to extend USD78 million in aid to Bhutan over the next four years.  

The funding will be drawn from the bank’s International Development Association and International Finance Corp. It forms part of the new World Bank country strategy for the Asian country, which the bank said supports a “development vision characterized by Bhutan’s unique philosophy of ‘Gross National Happiness.’”

On Nov. 30, the World Bank’s executive board discussed the 2011-2014 strategy, which focuses on economic growth, job generation and skills development.

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  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.