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Seventh Meeting of SAARC Finance Ministers preceded by the Seventh Meeting of SAARC Finance Secretaries

Press Release
Seventh Meeting of SAARC Finance Ministers preceded by the Seventh Meeting of SAARC Finance Secretaries

The Seventh Meeting of the SAARC Finance Ministers preceded by the Seventh Meeting of SAARC Finance Secretaries was held in Kathmandu, Nepal on 19th and 20th August, 2015 respectively. The meeting was inaugurated by Rt. Hon’ble Prime Minister of Nepal, Mr. Sushil Koirala. The SAARC Finance Ministers meeting was followed by the Fourth Meeting of SAARC Development Fund Governing Council.
The meetings assessed the progress made in the implementation of recommendations of the Sixth Meeting of SAARC Finance Ministers held on 20th August 2013 in Colombo, Sri Lanka including SAARC Development Fund (SDF). It also discussed on the cooperation in trade, economic and financial sectors among the SAARC member states and the way forward for allowing greater flow of financial capital and intra-regional long-term investments.
Dasho Lam Dorji, Finance Secretary led the Bhutanese delegation. In his statement, Finance Secretary urged all the member states to develop a holistic and comprehensive package of actionable measures by exploring the whole range of partnership available for deepening the regional cooperation. He also highlighted the status of macro-economic developments in Bhutan over the recent past and reported the status of cooperation in the field of financial sector pursued by Bhutan under the aegis of SAARC.
In discussion on establishment of SAARC Development Bank, the leader of Bhutanese delegation opined that consideration of a SAARC Development Bank is premature at this stage since SDF is just evolving and needs the support and guidance of all member states in its journey. Following which the member states directed the SDF CEO to prepare implementation strategic plan of SDF activities within the time frame of six months. Further, the meeting emphasized to strengthen the existing social window of SDF and expedite in operationalizing the economic and infrastructure windows.
The Eighth Meeting of SAARC Finance Ministers and Finance Secretaries will be held in Pakistan in 2016.
The Bhutanese delegation included representatives of Ministry of Foreign Affairs and Ministry of Finance.

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Third International Conference on Financing for Development


On the Third International Conference on Financing for Development held in Addis Ababa, Ethiopia from 13th to 16th July, 2015

The Third International Conference on Financing for Development began on the 13th of July 2015 at the United Nations Economic Commission for Africa (UNECA) Conference Centre in Addis Ababa, Ethiopia. The Conference was opened by the UN Secretary-General H. E Mr. Ban Ki-moon, and the Conference elected the Prime Minister of Ethiopia, H.E. Mr. Hailemariam Desalegn, as the President of the Conference. At the opening, the UN Secretary-General Ban Ki-moon called for an ambitious and universally inclusive financing framework to implement the Sustainable Development Goal and highlighted the need for a social compact for greater social protection and a package for Least Developed Countries (LDCs).

3ICFDHon’ble Finance Minister, Lyonpo Namgay Dorji led Bhutan’s delegation to the Conference which comprised of officials from the Ministry of Finance, Ministry of Foreign Affairs and the Gross National Happiness Commission Secretariat. In his statement during the general debate, Lyonpo emphasized the need to redouble efforts by countries around the world as well as international institutions, particularly assistance for the LDCs, in order to achieve the Sustainable Development Goals towards a new era. Lyonpo also highlighted the unique development challenges faced by countries like Bhutan and appealed to the world to work together to eradicate poverty by the next decade.

Hon’ble Lyonpo Namgay Dorji also participated in the Round Table Meeting on the theme “Ensuring policy coherence and an enabling environment at all levels for sustainable development”.

The Conference is expected to end on the 16th of July with the adoption of an outcome document which will be known as the Addis Ababa Action Agenda. The document is expected to support the implementation of the post-2015 development agenda, including the Sustainable Development Goals.

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Re-Announcement of vacancy for Chief Procurement Officers (13-July-2015)

The MoF is pleased to re-announce one Chief Procurement Officer (P1-A) for Medical Stores & Distribution Division, Phuntsholing under the Department of Medical Supplies and Health Infrastructure, Ministry of Health.

Applicants with Bachelor’s Degree and Advanced Trainings in procurement or financial backgrounds (budget, accounts & audit) and experiences in relevant fields will be given preference for the purpose of short-listing and selection. Interview date and venue will be announced on this website after short-listing the candidates.

Interested in-service civil servants who meet the eligibility criteria under Section of the BCSR 2012 may apply in time. Application along with the following documents must reach the HRD, MoF, Thimphu latest by 28th July 2015:
1) Curriculum vitae (CSIS-generated copy)
2) Security clearance (valid copy)
3) Audit clearance (printed copy)
4) PE rating for the last two years (copy)
5) Certificates of merits/achievements, if any (copy)
6) NOC from applicant’s agency (non-MoF agency)
7) Academic/training certificates & transcripts (copy)

For any clarification, please contact the HRD, MoF at 333104/322268 during working hours.

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