Bhutan: Background Paper

IMF Staff Country Reports, June 15, 1995

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Bhutan: Background Paper

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Bibliographic details

• Published: June 15, 1995
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451806212.002

Overview and scope

• Describes economic development in Bhutan during 1990s.
• Examines financial and sectoral policies and related developments in Bhutan.
• Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country.
• Views expressed 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.

Key findings on structural development

• Since the 1980s, considerable importance has been placed on developing resource-based industries—spearheaded by large government hydropower, forestry, and mining projects.
• These projects were financed mainly with concessional foreign assistance.
• Exploitation of forests has been carefully controlled owing to concerns about the impact on the environment, consistent with the country’s development philosophy.

Thematic coverage (as stated)

• Agricultural sector
• Economic sectors
• Exports
• Foreign aid
• Foreign exchange
• Imports
• International trade

Keywords and institutional references (as stated)

• 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