Newsdesk
Supporting Bhutan to Strengthen Fiscal Management and Job Creation

The World Bank today approved a $30 million project to help Bhutan realize its development goals through improving fiscal management and supporting policies to create more job to increase prosperity.
Bhutan has made impressive progress in poverty reduction and economic growth over the past decade. At the same time, high levels of investment in the hydropower sector have increased pressures on the country’s fiscal balance and external accounts.
The First Fiscal Management and Private Sector Employment Opportunities (DPC1) is the first of three operations to support Bhutan’s current and future Five-Year Plans’ goals promoting green socio-economic development and achieving self-reliance. It strengthens policies to improve fiscal management and promotes private sector employment opportunities.
Bhutan’s record in reducing poverty and promoting shared prosperity is strong. A key challenge going forward is to put in place policies that will help the private sector to grow and create more and better jobs,” said Qimiao Fan, the World Bank’s Country Director for Bangladesh, Bhutan and Nepal. “Through thoughtful and well-executed policies that strengthen fiscal sustainability, increase access to credit, and improve the investment climate, Bhutan has a strong opportunity to realize its full development potential.”
The policy reforms supported by DPC1 are expected to mobilize domestic revenue, increase the number of cottage and small industries under the incubation centers, increase access to finance, expand the number of teachers that meet new teachings standards and reduce the energy consumption in terms of oil consumption.
“The Royal Government of Bhutan will be using the proposed operation to support institutional strengthening measures in some key areas, building on the momentum and lessons learnt from the past budget support operations to accelerate development in Bhutan,” said Namgay Dorji, the Royal Government of Bhutan’s Finance Minister.
The development policy series will be funded by credit from the International Development Association (IDA) – the World Bank’s concessionary lending arm with 0% interest rate and 40-year repayment period.
Energy News
Burkina Faso: AfDB approves €48,82 million for Desert to Power Yeleen programme

The Board of Directors of the Bank has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.
Yeleen, which is to be implemented under the Bank’s Desert to Power ( DTP) Initiative, and which will span a period of five years from 2020-2024, is the second project under the DTP initiative in Burkina Faso. The total project cost is estimated at €136.69 million. The rest of the financing for Yeleen is provided by Agence Française de Développement (AFD), European Union (EU), and Société Nationale d’électricité du Burkina Faso (SONABEL).
The electricity access rate in Burkina Faso is one of the lowest in Africa at around 21% at national level in 2018. Upon completion, the project will increase and diversify electricity supply through the construction of four new 52 MWc photovoltaic (PV) plants and extend power distribution networks to connect 30,000 new households, or about 200,000 people. It will also contribute to the avoidance of 48,000 tCO2eq emissions annually.
Wale Shonibare, the Bank’s Acting Vice-President for Power, Energy, Climate Change & Green Growth said: “This project will augment the Bank’s efforts to ensure inclusive access to energy through improvements in rural electrification, regional interconnections and energy sector reforms. Notably, it will increase Burkina Faso’s generation capacity by 15%, which will greatly help to reduce Burkina Faso’s reliance on fossil fuel imports.”
Dr. Daniel Schroth, the Bank’s Acting Director for Renewable Energy & Energy Efficiency also added that the approval would further the Desert to Power Initiative’s momentum in line with commitments made at the Sahel G5 Summit on 13th September in Ouagadougou.
“With this project, we are making concrete progress on two of the five priority areas under the Desert to Power initiative which include adding new solar generation capacity and strengthening the transmission and distribution networks,” said Schroth.
The current project is part of Burkina Faso’s broader 2025 Solar Programme, known as “Yeleen” with three components: (i) Development of photovoltaic plants (PV) connected to the interconnected national grid; (ii) Increase in the electricity distribution network; and (iii) Rural electrification by mini-grids (isolated) and individual solar systems. The rural electrification “ Yeleen rural electrification project” which aims to to increase electricity access in Burkina Faso by connecting 150,000 households to solar mini- grids (50,000 household) and through stand-alone solar kits systems (100,000 households) was approved by the Bank in December 2018 with joint financing with EU and GCF.
The project aligns with Bank’s Country strategy paper for Burkina Faso (CSP 2017-2021), its High-5 “Light Up and Power Africa”initiative, and the Bank’s Climate Change plan. Desert to Power initiative aims to accelerate economic development by adding solar energy generation capacity of up to 10 GW by 2025 through a combination of public and private interventions.
Newsdesk
Iraq and ILO pledge to further decent work in the country

Iraq and the International Labour
Organization (ILO) have signed the first Iraq Decent Work Country Programme
(DWCP), as the country recovers from decades of conflict.
The Programme, which runs from 2019 to 2023, supports national initiatives to
promote decent work and strengthen Iraq’s capacity to mainstream decent work in
social and economic policies. It will be implemented through close partnerships
between the ILO and employers’ and workers’ representatives in the country.
The agreement was signed on 5 December by ILO Regional Director for Arab States
Ruba Jaradat, Director General of Labour and Vocational Training Department of
the Ministry of Labor and Social Affairs Raed Bahedh, President of the Iraqi
Federation of Industries Ali Sabeeh al-Saadi, and President of the General
Federation of Trade Unions in Iraq Satar Denbous on behalf of the Trade Union
organizations.
Also in attendance at the ceremony in Baghdad were the Minister of Labor and
Social Affairs Bassem al-Rubaie, Minister of Planning Nouri al-Dulaimi, and
Minister of Foreign Affairs Mohamad Alhakim, as well as heads of government
departments and agencies, employer representatives, trade unionists,
ambassadors and representatives of UN agencies.
“The ILO has a long history of close cooperation with the government and social
partners of Iraq, and today’s event marks the comprehensive re-engagement of
the ILO in the country,” said ILO Regional Director Jaradat.
“We look forward to providing our partners in Iraq with the required support to
address labour market challenges and raise employment rates, strengthen social
protection, boost growth rates, and decrease fragile and informal labour. The
new Programme establishes a firm commitment between all partners to strengthen
decent work in the country in a holistic, coherent and integrated manner, to
ensure that decent work is at the heart of Iraq’s recovery and reform
processes,” she added.
DWCPs are the ILO’s main vehicle to promote decent work as a key component in
national development strategies. Under the programme, the ILO will work with
government, worker and employer organizations in Iraq to support national
initiatives on employment promotion, rights at work, social dialogue and social
protection.
Based on extensive consultations between the ILO and Iraqi constituents, the
Programme in Iraq will focus on three priorities:
- Ensuring that private sector development supports the creation of new jobs.
- Extending and strengthening social protection, and addressing child labour.
- Improving social dialogue in order to promote rights at work.
Iraq has been a member of the
ILO since 1932 and has ratified 68 ILO Conventions , including all eight fundamental Conventions.
Since 2004, the ILO and Iraq’s government, workers’ and employers’
organizations have worked closely as part of the post-war reconstruction effort
to bolster Decent Work and develop the labour market across different areas of the country.
Recent achievements include the adoption of a new Labour Law to improve Fundamental Principles and Rights at Work ; The ratification of ILO Convention 87 on the Freedom of
Association and Protection of the Right to Organize and ILO Convention 187 on the
Promotional Framework for Occupational Safety and Health ; A roadmap for public employment services in Iraqi Kurdistan has also
been designed.
Energy News
Improving gender diversity in the energy sector is an important measure of success

Energy industries have lacked female participation throughout their history, with women making up only about one-fifth of the traditional energy sector labour force.
The International Energy Agency, which promotes the need for equal opportunities, today hosted a high-level event focused on how to advance gender diversity in the energy sector to support future workforce needs.
Held in Paris ahead of the IEA’s biennial Ministerial Meeting, the event was chaired by Christyne Tremblay, Canada’s Deputy Minister of Natural Resources, and Megan Woods, New Zealand’s Minister of Energy and Resources. At the event, the United States launched the C3E International Ambassador Programme, which gives all countries an opportunity to nominate individuals who will support governments’ efforts in improving gender diversity in the energy sector.
Other participants included ministers or senior government officials from Austria, Australia, Belgium, Finland, Germany, Italy, the Netherlands, Sweden, the United Kingdom and other IEA Family countries, as well as executives from several major energy sector companies. During the meeting, participants expressed enthusiastic support for advancing gender diversity across the energy sector and its importance for clean energy transitions.
“Achieving a better gender balance is not only an issue of fairness. It is also good for results as well, as studies show that diverse organisations perform better,” said Dr Fatih Birol, the IEA’s Executive Director.
Participants at the meeting emphasised the importance of integrating gender into energy policies, promoting female employment and careers, and sharing best practices. They welcomed the activities of C3E TCP, which aims to build a community of women leaders across a range of clean energy sectors, and the Equal by 30 campaign, which secures commitments from public and private sector organisations to work towards equal pay, equal leadership and equal opportunities for women in the clean energy sector by 2030.
The meeting identified those two initiatives as platforms to exchange best practices and strengthen collaboration in several areas, including knowledge and data collection, recognition of female leadership, reducing barriers and raising ambition on implementation.
The 2019 IEA Ministerial Meeting is taking place in Paris on 5-6 December. It is chaired by Mr Michał Kurtyka, Poland’s Minister of Climate and the President of COP24. Ministers of IEA Member, Accession and Association countries and CEOs of leading companies are attending the meeting.
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