Bhutan: 2011 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bhutan
IMF Staff Country Reports, June 2, 2011
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- Bhutan: 2011 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bhutan
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Bibliographic details
- Published: June 2, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455288663.002
Growth and structural drivers
- Rapid growth has been underpinned by hydropower sector development with donor support.
- The Economic Development Policy (EDP) embeds a comprehensive strategy identifying activities that:
- have strong job-generating potential, and
- promote foreign direct investment and private sector development.
Fiscal policy, overheating, and fiscal framework
- Findings:
- Fiscal policy should be tightened to address overheating.
- Spending and revenue reforms are needed to bolster the fiscal framework.
- Executive Directors' recommendations:
- Adopt multiyear rolling budget to ensure debt sustainability.
Financial stability and the Royal Monetary Authority (RMA)
- Executive Directors assessed the need to strengthen the Royal Monetary Authority (RMA)'s power to safeguard financial stability.
Subject coverage and keywords
- Subject: Credit, External debt, Fiscal policy, Money, Public debt, Revenue administration
- Keywords: Bhutan, Bhutan's development experience, Bhutanese authorities, CR, Credit, debt, debt sustainability risk, deficit, Global, hydropower sector, inflation development, ISCR, near-term outlook, South Asia
Content in this bundle
- _cr11123 — Section 2