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Government introduces Bill Discounting Facility to expedite contractor payments

Government introduces Bill Discounting Facility to expedite contractor payments

Contractors working on government projects can expect to receive their payments on time. The financial institutions introduced a new service, the Bill Discounting Facility today. This service is designed to expedite payments to contractors who usually experience delays in receiving payment upon completion of their work due to prolonged processes. However, with this facility, contractors will be able to present...

Bhutan’s disaster preparedness remains inadequate – World Bank’s “Crisis Preparedness Gap Analysis”

Bhutan’s disaster preparedness remains inadequate – World Bank’s “Crisis Preparedness Gap Analysis”

With the country facing increasing natural disasters driven by climate change, Bhutan’s disaster preparedness remains inadequate. This is according to the World Bank’s recent "Crisis Preparedness Gap Analysis" policy brief. This year alone, Bhutan has already experienced around five reported forest fire cases and an earthquake, highlighting the natural hazards the country is vulnerable to. According to the document, the...

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