Launch of Bill Discounting Facility
The Ministry of Finance and the Financial Institutions Association of Bhutan (FIAB) collaboratively launched the Bill Discounting Facility on January 7, 2025. The event was graced by His Excellency Lyonpo Lekey Dorji, the Minister of Finance. This initiative is designed to address the persistent cash flow challenges faced by the contractors and businesses, particularly those engaged in government projects.
Bill discounting is a financial product that aims to improve the liquidity in the construction sector by providing timely excess to funds and insuring smooth business operations by addressing cash flow gaps by converting receivable into immediate cash.
The facility involves three key stakeholders: contracting firms, financial institutions and procuring government agencies.
