IMF Staff Country Reports

Bhutan: Recent Economic Developments

Publication Date:

March 15, 1994

Summary:

This paper describes economic developments in Bhutan during the 1990s. The paper discusses the fiscal outcome in 1993/94 (July–June) and the main elements of the authorities’ budget proposals for 1994/95. It assesses monetary and credit developments, as well as the major initiatives adopted by the authorities in the area of financial sector reform. The paper analyzes balance-of-payments developments in 1993/94 and changes in the exchange and trade system. The paper also highlights that output was estimated to have risen by more than 5 percent in 1993.

Series:

Country Report No. 1994/007

Subject:

Budget planning and preparation Credit Economic sectors Foreign exchange Imports International trade Monetary base Money Public enterprises

Notes:

This report on recent economic developments in Bhutan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.