Bhutan : 2011 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bhutan

Publication Date: June 02, 2011
Electronic Access: Free Full text (PDF file size is 1,208KB).
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Summary: Bhutan’s rapid growth has been underpinned by hydropower sector development with donor support. However, fiscal policy should be tightened to address overheating, and spending and revenue reforms are needed to bolster the fiscal framework. Executive Directors suggested to adopt multiyear rolling budget to ensure debt sustainability. They assessed the need to strengthen the Royal Monetary Authority (RMA's) power to safeguard financial stability. They welcomed the comprehensive strategy embedded in the Economic Development Policy (EDP) that identifies activities that have strong job-generating potential and also promote foreign direct investment and private sector development.
Series: Country Report No. 11/123
Subject(s): Article IV consultation reports | Credit expansion | Economic growth | Economic indicators | Exchange restrictions | External debt | External sector | Staff Reports

Publication Date: June 02, 2011
ISBN/ISSN: 9781455288663/1934-7685 Format: Paper
Stock No: 1BTNEA2011001 Pages: 62
US$18.00 (Academic Rate:
US$18.00 )
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