1. Bhutan and the World Bank Realizing Prosperity for the Bhutanese People
Yoichiro Ishihara
Resident Representative
Development Partners Group Meeting
June 28, 2018

2. What We Are A unique global partnership 189 member countries
Staff from more than 170 countries
Offices in over 130 locations
5 institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
WBG’s twin goals: The goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent of the population in each country.
Global Poverty Indicators: (a) Poverty headcount ratio at $1.90 a day % of population: 35.5% 1990   10.9% 2013, (b) Number of poor at $1.90 a day (2011 PPP): billion 1990 783 million 2013     

3. Where We Work By Region Africa East Asia & Pacific
Europe & Central Asia
Latin America & the Caribbean
Middle East & North Africa
South Asia
By Sector
Agriculture
Education
Energy and Extractives
Financial Sector
Health
Industry and Trade
Information and Communication
Administration
Social Protection
Transpiration
Water and Sanitation and Waste Management
By Theme
Economic Policy
Environment and Natural Resource Management
Finance
Human Development and Gender
Private Sector Development
Public Sector Management
Social Development and Protection
Urban and Rural Development

4. How We Work 1. Financing 2. Knowledge and Capacity Development
Instrument
Explanation
IDA Credit
Investment Project Financing
financing for physical/social infrastructure
Development Policy Financing
provides budget support for a program of policy and institutional actions.
Program-for-Results
links disbursement directly to the delivery of defined results.
Trust Fund and Grants
Allow scaling up of activities; enable the World Bank to provide support when our ability to lend is limited.
2. Knowledge and Capacity Development
Instrument
Explanation
Analytical Works
Bank country staff gather and evaluate information (data, policies and statistics) about the existing economy, government institutions or social services systems. A starting point for policy and strategic discussions
Technical Assistance
Professional technical advice that supports legal, policy, management, governance and other reforms needed for a country's development goals.

5. World Bank Partnership with Bhutan?

6. Bhutan and World Bank
Country Management Unit
Bhutan became the member of the World Bank in 1981.
World Bank Bhutan country office was established in
Country Director for Bangladesh, Bhutan and Nepal (Qimiao Fan)
Bhutan
Resident Representative (Yoichiro Ishihara)
Program Leaders
Coordinates sectors and themes

7. Country Partnership Framework in Bhutan
Completed on June 5, 2017
Together with the next CPF
Country Partnership Strategy FY (Jul 2014-Jun 19)
Planned in FY2019 (Jul 2018-Jun 19)
Planned in FY2019 (Jul 2018-Jun 20)
Systematic Country Diagnostics (SCD)
Country Partnership Framework (CPF)
Performance and Learning Review (PLR)
Completion and Learning Review

8. Aligning WB Program for Bhutan
FY2017 (Jul 17-Jun 18)
FY2018 (Jul 18-Jun 19)
FY2019 (Jul 19-Jun 20)
FY2020 (Jul 20-Jun 21)
FY2021 (Jul 21-Jun 22)
FY2022 (Jul 22-Jun 23)
Five-year plan
11th FYP
12th FYP
WB IDA cycle
IDA18
IDA19
IDA18 mid-term review
WB CPF
Current CPS FY
New CPF FY

9. Country Partnership Framework
Covering between Jul 2014 and Jun 2019.
Closely aligned with the Government’s 11th FYP and supports Bhutan’s aspirations to achieve sustainable and inclusive growth.
All WBG’s programs and projects are aligned with the CPS.
Structured around 3 areas:
Improving fiscal and spending efficiency,
Increasing private sector growth and competitiveness, and
Supporting green development.

10. World Bank’s Support in Bhutan
IDA
4 projects under implementation
Remote Rural Communities Development Project
Bhutan Urban Development Project
Development Policy Credit 1: Strengthening fiscal management and private sector development opportunities development policy credit
Trust Fund and Grants
More than 10 active trust-funded activities
Analytical Works and Technical Assistance
8 completed in this fiscal year (Bhutan development update, Implementation of Financial Sector Development Action Plan, Hydropower Sustainability Support, Alternative Procurement Arrangements Assessment of Thimphu Thromde Bhutan, Improving Bhutan Investment Climate, Property Registration)

11. World Bank IDA18 Program IDA17 (July 2014-June 2017) IDA18
IDA17
(July 2014-June 2017)
IDA18
(July 2017-June 2020)
Country Allocation
US$56 million
US$100 million (Indicative)
Lending Term
1.25% interest rate, 0.75% service charges and up to 0.5% commitment charge, 25 years of repayment with 5 years grace period
0% interest rate, 0.75% service charges and commitment charge 0-0.5%, 40 years of repayment with 10 years of grace period
Grant element
33%
61%
Regional IDA program
20% cap on annual country contribution

12. Thank you & Tashi Delek!
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