BHUTAN: Commonwealth Meridian – April 2022
Bhutan has been using CS-DRMS since 2005. The project, funded by the Asian Development Bank, aimed to install Meridian in the Development Coordination and Debt Management Division of the Ministry of Finance, migrate the debt database and train users in the use of Meridian. The debt database (comprising external and domestic debt, on-lent loans and grants) was migrated, two training workshops (covering intermediate and advanced use of Meridian) were organised in Thimphu, and a study tour was organised to the Maldives to expose Bhutanese officials to a Meridian site already in operation. Various customised reports were also written for Bhutan’s reporting according to national legislation. At final reconciliation stage, it was discovered that some of Bhutan’s multi-currency loans from a multilateral creditor had not been entered into CS-DRMS according to standard methodology. Work is currently being completed on finalising their re-entry and validation.
