World Bank Supports Bhutan's Reform Efforts to Create Jobs
Bhutan, April 2 -- The World Bank approved $25 million in financing to help the Royal Government of Bhutan strengthen policies to create jobs and boost economic resilience.The First Growth and Jobs Development Policy Financing will help develop a stronger policy and institutional framework for private sector-led job creation by strengthening fiscal and debt management, enhancing systems to protect workers, and fostering private sector development. Bhutan's strong economic growth has not translated into better-paid jobs for its population, particularly youth. More than 40 percent of workers are employed in the low-productivity agriculture sector and quality jobs are mostly concentrated in the public sector. The youth unemployment rate is abo...
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