IFC Asia Pacific reposted this
During the #WBGMeetings, we marked an important milestone with the signing today of a $20 million loan agreement with the Bank of Bhutan in the presence of Honorable Lekey Dorji, Bhutan’s Minister of Finance, Mr. Dasho Penjore, Governor of the Royal Monetary Authority of Bhutan, and Mr. Tshering Tenzin, CEO of the Bank of Bhutan. This marks IFC - International Finance Corporation’s first debt investment in a financial institution in #Bhutan. It aims to expand access to finance for micro and small enterprises. Strengthening the financial sector in this way is vital to enabling business growth, creating jobs, and reducing poverty. This investment reaffirms IFC’s commitment to Bhutan and our determination to drive private sector-led growth and opportunity. IFC Financial Institutions, Imad N. Fakhoury, Johannes Zutt, Jean Pesme, Xavier Furtado, Norbu Dendup