Bhutan, Oct. 16 -- In a major step forward for Bhutan's financial sector, IFC, a member of the World Bank Group, today announced a US$20 million (equivalent in Bhutanese Ngultrum) investment in Bank of Bhutan (BoB), the country's oldest and largest bank.The five-year fixed-rate financing, supported by the International Development Association's (IDA) Private Sector Window, will enable BoB to significantly expand its lending to micro and small enterprises (MSEs)-a key engine of Bhutan's economic growth. MSEs account for 95 percent of the country's registered businesses and employ approximately 12 percent of the population. At least 80 percent of the financing will be dedicated to MSEs, with the remainder supporting individuals seeking to gen...