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Cooperation Bhutan - Switzerland
Helvetas to support national finance services
Aum Yanki T. Wangchuk and Mr. Dieter Zuercher from Helvetas Switzerland sign the agreement . September 2001

Helvetas has committed Nu. 66.825 million (2,475,000 Swiss Francs) to support a project to enhance the skills in financial management within the finance ministry to foster good governance. An agreement formalising this commitment was signed on September 13 by the SDC/Helvetas resident coordinator, Mr. Dieter Zuercher and the director general of the department of aid and debt management, Aum Yanki T. Wangchuk in the presence of the SDC Desk Officers to Bhutan and the finance office of the ministry of finance.

The project will strengthen the National Finance Services through the development of knowledge, ability and skills of accountants in the ministries and dzongkhags for efficient and transparent public financial management. Under the project 345 candidates will betrained within the country and abroad.

Mr. Dieter Zuercher said the project will support decentralisation by having more qualified accountants at the field level. The project which started on July 2001 will end in December 2005 and will be nationally executed. For SDC/Helvetas this is the second project to enhance good governance after the HRD support to the royal audit authority that ended last year.

In August this year the SDC/Helvetas also committed Nu 9.759 million for the reconstruction of seven suspension bridges washed away by floods on top of already committed funds.

A spokesman from SDC/Helvetas said the ministry of finance had requested Helvetas in November 2000 to support the reconstruction of washed away suspension bridges. Out of 13 bridges that needed to be replaced seven bridges have been prioritised. The total estimated cost for the reconstruction is Nu 12.634 million, of which the government and the beneficiaries will contribute Nu1.150 million and Nu 1.725 million. The reconstruction of the bridges is expected to be complete by December 31, 2002.

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Seven bridges to be reconstructed by December 2002

August 2001

The director general of the department of aid and debt management, Aum Yanki T. Wangchuk, and the SDC/Helvetas resident coordinator, Mr. Dieter Zuercher, signed a memorandum of understanding in Thimphu.
A spokesman from SDC/Helvetas said that the ministry of finance had requested Helvetas in November 2000 to support the reconstruction of washed away suspension bridges, out of 13 bridges that needed to be replaced seven bridges have been prioritised.

The SDC/Helvetas has agreed to finance the seven prioritised bridges for a total amount of Nu 9.759 million. The contribution is in addition to already committed funds, explained the spokesman.

The total estimated cost for the reconstruction totals Nu 12.634 million, while the government is expected to contribute Nu 1.150 million the beneficiaries will be contributing Nu 1.725 million. The reconstruction of the bridges is expected to be complete by December 31, 2002.

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