Bhutan Private Sector Development

Abstract*

The objective of the project is to increase productive employment in Bhutan through promotion of enterprise development in the Information and Technology (IT)/ IT Enabled Services sector, enhanced IT skills, and improved access to finance. The project has three components: (i) development of IT/ITES sector by establishing an IT Park and related infrastructure and IT promotion services; (ii) development of IT skills program which will focus on development... Show More

Development Objective

The objective of the project is to increase productive employment in Bhutan through promotion of enterprise development in the IT/ITES sector, enhanced IT skills, and improved access to finance.

Key Details

Project Details

Project ID
P073458
Status
Closed
Team Leader
Cecile Niang
Borrower 2
N/A

Country
Bhutan
Disclosure Date
January 25, 2007
Approval Date
(as of board presentation)
June 20, 2007
Effective Date
June 22, 2007

Total Project Cost 1
US$ 8.00 million
Implementing Agency
N/A
Region
South Asia
Fiscal Year 3
2007

Commitment Amount
US$ 8.00 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2013

Last Stage Reached
BANK APPROVED
Last Update Date
October 10, 2013

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Human Development and Gender

FY17 - Education20%
- FY17 - Access to Education5%
- FY17 - Science and Technology5%
- FY17 - Standards, Curriculum and Textbooks5%
- FY17 - Teachers5%
FY17 - Labor Market Policy and Programs20%
- FY17 - Active Labor Market Programs10%
- FY17 - Labor Market Institutions10%

FY17 - Private Sector Development

FY17 - Business Enabling Environment20%
- FY17 - Investment and Business Climate20%
FY17 - Jobs13%
- FY17 - Job Creation13%

FY17 - Urban and Rural Development

FY17 - Rural Development13%
- FY17 - Rural Infrastructure and service delivery13%
FY17 - Urban Development13%
- FY17 - Urban Infrastructure and Service Delivery13%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Grant	8.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	8.00
IBRD + IDA Commitment	8.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	8.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 21, 2013	IDA-H3070	Loan Disb	30,811.28
Jun 20, 2007	IDA-H3070	Loan Commitment	8,000,000.00
Jul 1, 2013	IDA-H3070	Loan Disb	101,557.43
Nov 21, 2013	IDA-H3070	Loan Cancel	68,913.95

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Project Management	Satisfactory	2013-06-26
Procurement	Satisfactory	2013-06-26
Progress towards achievement of PDO	Satisfactory	2013-06-26
Counterpart Funding	Highly Satisfactory	2013-06-26
Financial Management	Satisfactory	2013-06-26
Monitoring and Evaluation	Satisfactory	2013-06-26
Overall Implementation Progress (IP)	Satisfactory	2013-06-26

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-24-2013
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-16-2014	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Significant	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Moderately Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Cumulative job creation in theIT/ITES sector in the IT park Value 0 1109 700
Date June 30, 2007 May 31, 2013 June 29, 2013
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Leads generated for new investments in the IT Park Value 0 255 200
Date June 30, 2007 December 31, 2012 June 29, 2013
Comment
Percent of students clearing ITES industry competency assessment that is widely recognized Value 0 61.2% 35%
Date June 30, 2007 May 31, 2013 June 29, 2013
Comment
Percentage of students trained are successfully employed by the private sector Value 0 75.9% 50%
Date June 30, 2007 March 31, 2013 June 29, 2013
Comment
Number of companies successfully incubated in the IT Park Value 0.00 13.00 5.00
Date June 30, 2007 May 31, 2013 June 29, 2013
Comment
Percentage of lettable space leased out Value 0.00 50.00 100.00
Date June 30, 2007 May 31, 2013 June 29, 2013
Comment
Number of ATM financial transactions at Bank of Bhutan per year Value 40000.00 6542509.00 900000.00
Date July 15, 2007 May 31, 2013 June 29, 2013
Comment
Per cent of district coverage for financial literacy campaign Value 0.00 100.00 100.00
Date December 31, 2010 May 31, 2013 June 29, 2013
Comment
Percentage automation of stock exchange trading, settlement, and delivery with straight through processing Value 0.00 100.00 100.00
Date December 31, 2010 May 31, 2013 June 29, 2013
Comment

Cumulative job creation in theIT/ITES sector in the IT park	Value	0	1109	700
	Date	June 30, 2007	May 31, 2013	June 29, 2013
	Comment

Percent of students clearing ITES industry competency assessment that is widely recognized	Value	0	61.2%	35%
	Date	June 30, 2007	May 31, 2013	June 29, 2013
	Comment

Percentage of students trained are successfully employed by the private sector	Value	0	75.9%	50%
	Date	June 30, 2007	March 31, 2013	June 29, 2013
	Comment

Number of companies successfully incubated in the IT Park	Value	0.00	13.00	5.00
	Date	June 30, 2007	May 31, 2013	June 29, 2013
	Comment

Percentage of lettable space leased out	Value	0.00	50.00	100.00
	Date	June 30, 2007	May 31, 2013	June 29, 2013
	Comment

Number of ATM financial transactions at Bank of Bhutan per year	Value	40000.00	6542509.00	900000.00
	Date	July 15, 2007	May 31, 2013	June 29, 2013
	Comment