Bhutan: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bhutan

Publication Date: July 01, 2014
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Summary: This 2014 Article IV Consultation highlights that the GDP growth in Bhutan has slowed from about 10 percent in FY2011 (July 1–June 30) to 5 percent in FY2013. Slower growth reflects policy efforts to contain overheating pressures in the form of restrictions on credit for construction and vehicle. Inflation has remained elevated, tracking closely that of India (Bhutan’s main trading partner). Social development indicators have improved steadily, and Bhutan is on track or has achieved most of its Millennium Development Goals. Growth is projected to recover to 6½ percent in FY2014, driven mainly by a pick-up in hydropower-related construction activities and domestic services.
Series: Country Report No. 14/178
Subject(s): Article IV consultation reports | Economic growth | Economic indicators | Fiscal policy | Monetary policy | Exchange rate policy | International reserves | Economic conditions | Debt sustainability analysis | Financial soundness indicators | Financial sector surveillance | Financial stability | Staff Reports | Bhutan

Publication Date: July 01, 2014
ISBN/ISSN: 9781498357708/1934-7685 Format: Paper
Stock No: 1BTNEA2014001 Pages: 118
US$18.00 (Academic Rate:
US$18.00 )
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