Bhutan Private Sector Development

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The objective of the project is to increase productive employment in Bhutan through promotion of enterprise development in the Information and Technology (IT)/ IT Enabled Services sector, enhanced IT skills, and improved access to finance. The project has three components: (i) development of IT/ITES sector by establishing an IT Park and related infrastructure and IT promotion services; (ii) development of IT skills program which will focus on development of skills, through collaboration with international institutions, at the following three levels (a) Generic Skills for the IT/ITES Sector; (b) Distance learning facilities/Course Management Systems (CMS) for IT/ITES Skills development; and (c) IT/ITES Entrepreneurship Development Program; and (iii) strengthening the financial sector through IT investments. This component comprises the following three main activities: (1) IT system up-gradation in the Bank of Bhutan; (2) developing a 'Financial sector IT development strategic plan'; and (3) establishing the Inter-Bank Electronic Fund Transfer Clearing System (EFTCS) at the Royal Monetary Authority of Bhutan.