Bhutan: Background Paper

June 15, 1995

Summary

This paper describes economic development in Bhutan during 1990s. It highlights that since the 1980s, considerable importance has been placed on developing resource-based industries—spearheaded by large government hydropower, forestry, and mining projects—financed mainly with concessional foreign assistance. Consistent with the country’s development philosophy, exploitation of forests has been carefully controlled owing to concerns about the impact on the environment. This paper also examines the financial and sectoral policies and related developments in Bhutan.

Subject: Agricultural sector, Economic sectors, Exports, Foreign aid, Foreign exchange, Imports, International trade

Keywords: Agricultural sector, Bhutan, Bhutan fruit products, Bhutan tourism corporation Ltd, Bhutan's economy, capital goods, cost of capital, CR, electricity generation, enterprise, excess reserves, Exports, Imports, ISCR, net, polythene company, private sector development, public enterprise, revenue base, South Asia, tourism infrastructure, trading partner

Pages:
81
Volume:
1995
DOI:
https://doi.org/10.5089/9781451806212.002
Issue:
135
Series:
Country Report No. 1995/135
Stock No:
1BTNEA0011995
ISBN:
9781451806212
ISSN:
1934-7685

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Notes

This report on Bhutan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Bhutan, or the Executive Board of the IMF.

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