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Development Policy Credit 2: Fiscal Sustainability&Investment Climate

Abstract*

The development objectives of the Second Fiscal Sustainability and Investment Climate Development Policy Credit Project for Bhutan are to promote fiscal discipline, improve access to finance for enterprises, and improve the climate for business entry and investment in Bhutan. The programmatic series has three pillars: (i) strengthening fiscal sustainability and self-reliance; (ii) increasing access to finance; and (iii) improving the investment climate...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Program Development Objective is to promote fiscal discipline, contribute to enhancing access to finance to enterprises and to improve the climate for business entry and investment in Bhutan.

Key Details

Project Details

  • P157469

  • Closed

  • Yoichiro Ishihara , Massimiliano Santini

  • N/A

  • Bhutan

  • December 13, 2016

  • (as of board presentation)

    December 21, 2016

  • March 24, 2017

  • US$ 24.00 million

  • Ministry of Finance

  • South Asia

  • 2017

  • US$ 24.00 million

  • N/A

  • Not Applicable

  • June 30, 2018

  • BANK APPROVED

  • P147806

  • July 18, 2022

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 24.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 24.00
IBRD + IDA Commitment 24.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 24.00

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Feb 15, 2024 IDA-59230 Loan Repay 380,921.53
Feb 15, 2024 IDA-59230 Int Charges 81,080.56
Feb 15, 2024 IDA-59230 Int Charges 81,080.56
Feb 15, 2024 IDA-59230 Int Charges 135,134.34
Feb 15, 2024 IDA-59230 Loan Repay 1,042.74
Dec 21, 2016 IDA-59230 Loan Commitment 24,000,000.00
Aug 15, 2024 IDA-59230 Int Charges 124,914.50
Aug 15, 2019 IDA-59230 Int Charges 150,323.90
Feb 15, 2020 IDA-59230 Int Charges 1,573.05
Feb 15, 2020 IDA-59230 Int Charges 1,573.05
Feb 15, 2020 IDA-59230 Int Charges 88,169.80
Feb 15, 2020 IDA-59230 Int Charges 88,169.80
Feb 15, 2020 IDA-59230 Int Charges 149,571.40
Feb 15, 2018 IDA-59230 Int Charges 3,447.80
Feb 15, 2018 IDA-59230 Int Charges 95,719.97
Feb 15, 2018 IDA-59230 Int Charges 95,719.97
Aug 15, 2018 IDA-59230 Int Charges 151,307.19
Aug 15, 2018 IDA-59230 Int Charges 7,490.77
Aug 15, 2018 IDA-59230 Int Charges 90,784.31
Aug 15, 2018 IDA-59230 Int Charges 90,784.31
Feb 15, 2019 IDA-59230 Int Charges 86,001.57
Feb 15, 2019 IDA-59230 Int Charges 86,001.57
Feb 15, 2019 IDA-59230 Int Charges 150,329.60
Feb 15, 2019 IDA-59230 Int Charges 4,992.08
Feb 15, 2019 IDA-59230 Int Charges 4,992.08
Mar 29, 2017 IDA-59230 Loan Disb 23,832,724.00
Aug 15, 2017 IDA-59230 Int Charges 112,975.96
Aug 15, 2017 IDA-59230 Int Charges 69,781.61
Aug 15, 2017 IDA-59230 Int Charges 69,781.61
Feb 15, 2018 IDA-59230 Int Charges 151,635.27
Aug 15, 2024 IDA-59230 Int Charges 80,596.56
Aug 15, 2024 IDA-59230 Int Charges 80,596.56
Aug 15, 2024 IDA-59230 Loan Repay 378,386.06
Aug 15, 2024 IDA-59230 Loan Repay 8,126.03
Feb 15, 2023 IDA-59230 Loan Repay 5,283.93
Feb 15, 2023 IDA-59230 Loan Repay 380,884.53
Feb 15, 2023 IDA-59230 Int Charges 84,869.28
Feb 15, 2023 IDA-59230 Int Charges 84,869.28
Feb 15, 2023 IDA-59230 Int Charges 138,439.94
Aug 15, 2023 IDA-59230 Int Charges 138,512.33
Aug 15, 2023 IDA-59230 Loan Repay 384,716.06
Aug 15, 2023 IDA-59230 Int Charges 83,107.38
Aug 15, 2023 IDA-59230 Int Charges 83,107.38
Aug 15, 2023 IDA-59230 Int Charges 2,997.57
Aug 15, 2021 IDA-59230 Int Charges 93,210.47
Feb 15, 2022 IDA-59230 Loan Repay 401,192.60
Feb 15, 2022 IDA-59230 Int Charges 91,930.13
Feb 15, 2022 IDA-59230 Int Charges 91,930.13
Feb 15, 2022 IDA-59230 Int Charges 151,222.75
Feb 15, 2022 IDA-59230 Loan Repay 3,299.97
Aug 15, 2022 IDA-59230 Int Charges 85,220.85
Aug 15, 2022 IDA-59230 Int Charges 85,220.85
Aug 15, 2022 IDA-59230 Int Charges 142,034.80
Aug 15, 2022 IDA-59230 Int Charges 1,879.60
Aug 15, 2022 IDA-59230 Loan Repay 381,262.62
Aug 15, 2020 IDA-59230 Int Charges 2,901.49
Aug 15, 2020 IDA-59230 Int Charges 2,901.49
Aug 15, 2020 IDA-59230 Int Charges 89,608.76
Aug 15, 2020 IDA-59230 Int Charges 89,608.76
Aug 15, 2020 IDA-59230 Int Charges 148,875.98
Feb 15, 2021 IDA-59230 Int Charges 94,549.22
Feb 15, 2021 IDA-59230 Int Charges 94,549.22
Feb 15, 2021 IDA-59230 Int Charges 157,086.84
Feb 15, 2021 IDA-59230 Int Charges 5,424.74
Aug 15, 2021 IDA-59230 Int Charges 155,350.78
Aug 15, 2021 IDA-59230 Int Charges 488.17
Aug 15, 2021 IDA-59230 Int Charges 93,210.47
Aug 15, 2019 IDA-59230 Int Charges 1,314.84
Aug 15, 2019 IDA-59230 Int Charges 90,194.34
Aug 15, 2019 IDA-59230 Int Charges 90,194.34

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-26-2019
OutcomesSubstantial
Risk to Development OutcomeSubstantial
Bank PerformanceSubstantial
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencyModerately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 01-10-2020PROJECT PERFORMANCE ASSESSMENT REPORT: 11-01-2022
Outcome RatingSatisfactory Moderately Unsatisfactory
Risk To Development OutcomeSubstantial
Bank PerformanceModerately SatisfactoryModerately Unsatisfactory
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing Agency
Icr QualitySubstantial
M&e QualityModest

Results Framework

No data available.