Bbabo NET

Economics & Business News

Bhutan: Curtain comes down on the Japanese KR-II grant scheme

Bringing an end to more than three decades of assistance provided to Bhutan under the KR-II grant scheme, a last batch of 239 power tillers worth 63.5 million of Bhutanese Ngultrum (1.1 millon US dollars) was handed over by Japan, in Paro, yesterday.

Started in 1984, Bhutan has in total received 3,186 power tillers worth Nu 1.8 billion, and other various farm equipment, under the KR-II scheme, since then. KR-II was initiated by Japan in 1977 to help developing countries experiencing food shortages.

Bhutan: Curtain comes down on the Japanese KR-II grant scheme