Grant Agreement for the “PHRD Grant for Improving Resilience to Seismic Risk”

Thimphu, 23rd May, 2013: The Grant Agreement for the “PHRD Grant for Improving Resilience to Seismic Risk” was signed today between Mr. Om Bhandari, Acting Representative to Bhutan, The World Bank and Mr. Lam Dorji, Finance Secretary in Thimphu. Under the Grant Agreement, the Royal Government of Bhutan will receive a Grant of US$1,285,500 from the World Bank, acting as administrator of grant funds provided by the Government of Japan under the Japan Policy and Human Resources Development (PHRD) Technical Assistance Program to Support Disaster Reduction and Recovery.