Under the Financial Sector Development Program, the development and approval of key financial sector legislation was an important contribution to sector development. While the delays were inevitable, closer, longterm, in-country dialogue with the government would have been beneficial. This dialogue and close program monitoring will be enhanced by the establishment of a resident mission in Bhutan. ADB has been a long-standing partner of Bhutan's financial sector development since the beginning. A resident mission could better support monitoring of the ongoing financial sector reforms and provide timely assistance to address any systematic, institutional, and legislative deficiencies while continuously providing support for further strengthening the financial system.
Financial Sector Development Program