Bhutan Roundup: Grant signed for Zambia’s copper–cobalt project, storm damage insurance, governance reforms

USTDA grant signed for Zambia’s copper–cobalt project

In a notable international development, U.S. Senator Ted Cruz officiated the signing of a USTDA grant agreement with Terra Metals Inc. and Metalex Commodities to support Zambia’s Kazozo Copper–Cobalt Project. While the project is located in Zambia, Bhutanese observers are watching closely as such initiatives influence global commodity prices and the critical minerals market, sectors that indirectly affect Bhutan’s trade balance and its own aspirations to diversify its economy beyond hydropower.

biBerk offers guidance on storm damage insurance

Business insurance provider biBerk has published detailed insights on preparing for storm damage, emphasising the steps businesses should take before and after severe weather events. Bhutan’s policymakers and private sector stakeholders have been increasingly interested in risk-mitigation tools as the country faces intensifying monsoon seasons and climate change–related disasters, making this guidance particularly relevant to local enterprises and insurers.

THREE business insurance outlines risk management essentials

Another major development in the business sector is THREE Business Insurance’s release of a comprehensive guide on risk management, business insurance essentials, and common mistakes to avoid. This comes at a time when Bhutan is pushing to strengthen its SME sector as part of its economic recovery and modernisation strategy, underscoring the need for robust risk protection mechanisms.

Rule of law as a foundation for governance reform

A key policy discussion this week focused on the necessity of adhering to international rule of law standards to create a fair and transparent governance system. For Bhutan, which is known for its constitutional monarchy and Gross National Happiness framework, the conversation reinforces its ongoing judicial and administrative reforms aimed at strengthening public trust and aligning with global norms.

Bhutan engages in the 3rd Indo-Pacific economic conclave

Bhutan participated in the 3rd Indo-Pacific Economic Conclave, underscoring its growing engagement with regional and global economic forums. The discussions at the conclave covered trade facilitation, infrastructure development, and strategies for sustainable growth in the Indo-Pacific region. For Bhutan, participation in such events is critical to integrating its small but strategically located economy into wider economic corridors.