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ESP loan deadline tomorrow, no extensions

ESP loan deadline tomorrow, no extensions

The deadline to apply for loans under the Economic Stimulus Programme, ending tomorrow, will not be extended. However, for the Window I Concessional loans, if funds remain, the Bhutan Development Bank will reopen applications. Same applies to Window-II Reinvigoration Fund, but will be announced by all seven Participating Financial Institutions. The ESP loan which started receiving its application beginning September...

Fuel imports continue to rise

Fuel imports continue to rise

In 2023, Bhutan imported 210 million litres or 1.3 million barrels of petrol and diesel. This is according to the Environmental Accounts Statistics, 2024. Diesel imports rose by 43 per cent from 2022, while petrol imports hit a 52 per cent increase. The report reflects a surge in vehicles and industrial activities, potentially straining Bhutan’s foreign reserves and widening the...

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