WB approves $12m grant to Bhutan for institutional reform

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WASHINGTON, June 21 (PTI): The World Bank today approved a USD 12-million grant to Bhutan to support the country's institutional reforms and on-going medium-term policy.
The 'second development policy' grant is designed to support the government's development strategy in enhancing economic growth, achieving better socio-economic outcomes, and reducing poverty, the Bank said in a statement.
The grant seeks to strengthen Bhutan's efforts to provide sound macroeconomic and fiscal underpinnings for the country's steady economic growth, it said.
"This is expected to help improve the quality of life for all sections of the population.