Asian Development Bank and Bangladesh: Fact Sheet
Asian Development Bank | April 2011
Abstract
Updated yearly, this ADB Fact Sheet provides social and economic indicators on Bhutan as well as concise information on ADB's operations in the country and contact information.Bhutan joined the Asian Development Bank (ADB) in 1982. It has since received $256.06 million in loans and $46.9 million in technical assistance. Today, ADB is Bhutan’s largest multilateral development partner. Bhutan’s gross domestic product (GDP) growth has averaged more than 7% per year for the past 7 years, raising per capita GDP to about $2,000. Bhutan is on track to achieve all of the Millennium Development Goals. It has made steady progress in the fight against poverty, with the number of people living below the poverty line down from 36.3% in 2000 to 23.2% in 2007. The economic base remains narrow, with hydropower accounting for almost 12% of GDP and 45% of national revenue. The Government of Bhutan aims to diversify the economic base by enabling greater private sector participation in development—a central pillar of its growth, employment generation, and poverty reduction strategy. Bhutan has embarked on a far-reaching development strategy aimed at boosting what it calls Gross National Happiness—a holistic concept combining material well-being with an individual’s spiritual, emotional, and cultural development. The new economic development policy (2010) aims to generate employment, diversify Bhutan’s economic base, promote entrepreneurship and economic growth in line with the continued emphasis on Gross National Happiness.
Citation
Asian Development Bank. 2011. Asian Development Bank and Bangladesh: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/5643.Keywords
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Service Finance
Public Finance
Project Finance
Private Finance
Nonbank Financing
Non-Bank Financial Institutions
Municipal Finance
Local Government Finance
Local Currency Financing
Limited Resource Financing
International Financial Institutions
Infrastructure Financing
Industrial Finance
Government Financial Institutions
Government Finance
Financing of Infrastructure
Financial Sector Development
Financial Regulation
Public Sector Infrastructure
Public Sector Management
Public Sector Projects
Taxation
Public Accounting
National Budget
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
International Banking
Central Banks
Business Financing
Capital Resources
Budgetary Policy
Capital Needs
Corporate Divestiture
Capital Instruments
Pension Funds
Insurance Companies
Banks
Portfolio Management
Fiscal Administration
Economics of Education
Development Banks
Public enterprises
Public finance
Infrastructure projects
Development projects
Grants
Loans
Use tax
Taxing power
State of taxation
Tax-sales
Tax revenue estimating
Tax planning
Spendings tax
Special assessments
Tax administration and procedure
Sales tax
Real property and taxation
Progressive taxation
Effect of taxation on land use
Effect of taxation on labor supply
Intergovernmental tax relations
Inheritance and transfer tax
Energy tax
Investment of public funds
Intergovernmental fiscal relations
Social infrastructure
Public works
Government lending
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