Bhutan: 2009 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

December 30, 2009

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Bhutan: 2009 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed September 19, 2024

Summary

This 2009 Article IV Consultation highlights that Bhutan’s fiscal policy has been anchored by keeping current spending below domestic revenue. Bhutan’s large and volatile trade deficits have been offset by sizable foreign aid flows, resulting in a balance of payments (BOP) surplus and reserve accumulation. The BOP surplus has averaged about 8 percent of GDP over the last few years. Executive Directors have commended the authorities for the strong economic performance anchored by hydropower sector development, and supported by prudent economic management, firm donor support, and political stability.

Subject: Credit, Expenditure, External debt, Financial institutions, Money, Nonperforming loans, Public debt

Keywords: Asset-liability mismatch, Bhutan, BOP surplus, CR, Credit, Debt ratio, Global, Hydropower sector development, IFC infrastructure advisory, IFC investment, Indian rupee, ISCR, Nonperforming loans, Real GDP, Rupee, South Asia

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/334
Stock No:

1BTNEA2009001
ISBN:

9781451806281
ISSN:

1934-7685

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