Lyonchhen presents the draft 11th FYP and the ESP to the Indian delegation

The National Security Advisor Shivshankar Menon called on the Prime Minister, Lyonchhen Tshering Tobgay at the Gyalyong Tshogkhang yesterday. Shivshankar Menon was accompanied by Mrs. Sujatha Singh, the Indian Foreign Secretary, and V.P. Haran, the Indian Ambassador to Bhutan.

Lyonchhen and Mr. Menon discussed about GoI’s commitment in rendering financial assistance for the 11th FYP and the Economic Stimulus Plan.

Lyonchhen presented Mr. Menon with the draft of 11th FYP and the Economic Stimulus Plan (ESP). Lyonchhen said that the 11th FYP wasn’t adequate enough to address the current economic situation of the nation, which is why the present government devised the ESP.

The ESP directive is to increase liquidity schemes in banks which would allow loan provisions for private sectors and enhance youth employment. Lyonchhen said that these issues required immediate attention and the present government calls for GoI’s assistance and support to ensure that these issues are carefully and productively addressed.

Mr. Menon assured Lyonchhen that GoI will support, assist and work together with Bhutan in a coordinated way.

“We’ll do everything we can to support and provide assistance to Bhutan. We really look forward to working together and achieving positive outcomes,” Mr. Menon affirmed.

The National Security Advisor and his delegation congratulated Lyonchhen Tshering Tobgay on assuming office and commended Lyonchhen on a successful democratic transition of the nation. Lyonchhen thanked and welcomed Menon and his delegation for visiting Bhutan at this critical time and wished them a very successful tenure.

Lyonchhen also expressed his gratitude toward the Prime Minister of India, Manmohan Singh for sending him a letter of felicitation and assuring GoI’s assistance in the Eleventh Five Year Plan.

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