Last month, the government of Bhutan hosted the Bhutan Economic Forum for Innovative Transformation (BEFIT), which brought together a range of experts to discuss innovative solutions that can lead to the betterment of Bhutan’s 800,000 people. The challenge of improving access to finance for the underbanked in Bhutan was the inaugural topic for the biennial summit. Co-hosted by the Royal Monetary Authority and the IFC, the summit brought together key actors from the public and private sectors to foster dialogue on improving access to finance, especially for rural micro, small and medium enterprises. The Bhutanese authorities are embarking on drafting a national financial inclusion strategy and it is hoped the discussions from this summit will aid in that effort.
BEFIT brings together a wide range of expertise to share best practices and discuss innovative solutions to emerging national and regional economic challenges, with the overarching objective of transforming and bettering lives. Read more about the event including agenda and speakers >>>