Launch of Investment Climate Assessment Report 2017

His Excellency Lyonpo Lekey Dorji, Minister for Economic Affairs and Mr. Qimiao Fan, World Bank Country Director for Bhutan, launched the Investment Climate Assessment (ICA) of Bhutan on September 22, 2017 in Thimphu.

At the launch, Lyonpo Lekey Dorji said the 2017 ICA provides a strong basis for the Royal Government to undertake the next level of reforms to further strengthen competitiveness of the private sector and ensure the sustainable and equitable development of the economy.

The ICA report highlights a series of reforms to improve private sector’s competitiveness and spur the development of high value products and services. The specific reforms prioritized by the report include modifications to financial sector regulations to improve access to credit, relaxation of barriers to high skilled migration, reducing the compensation gap between the private and public sectors, coupled with improvements to border processing, transport infrastructure, while encouraging foreign direct investment and scaling up Brand Bhutan promotions.

The event was attended by Senior Government Officials, Officials from the World Bank, Officials from Financial Institutions, representative from Private Sectors and Non-Government Organizations.