April 24, 2024 08:01 (IST)
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Bhutan issues first sovereign bond to meet increasing fiscal financing needs in fighting COVID-19

Bhutan issues first sovereign bond to meet increasing fiscal financing needs in fighting COVID-19

Thimphu:: The Royal Government of Bhutan has announced its first sovereign bond to support the economy in recovery from the COVID-19 pandemic while diversifying financial sources. The new financing instrument supported by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) is a monumental step in tapping into the domestic resources market and preparing Bhutan to enter the international capital market.