Bhutan : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper discusses the recent economic developments, outlook, and risks for Bhutan. Following a slowdown in activity in the wake of the rupee shortage, economic growth has picked up more recently. From an average of about 8 percent during the Ninth and Tenth Five-Year Plans spanning fiscal years (FYs) 2003/04–2012/13, real GDP growth fell below 4 percent in FY2012/13 and FY2013/14. Bhutan’s medium-term outlook remains favorable. Commissioning of new hydropower generation projects will boost output, exports, and fiscal revenues. However, domestic risks stem from the need to manage high debt and potentially volatile hydropower-related inflows, which may fuel rapid credit growth and lead to renewed external pressure.
Series:
Country Report No. 16/206
Subject:
Article IV consultation reports Balance of payments statistics Bank supervision Bhutan Currency pegs Debt sustainability analysis Economic indicators Fiscal policy Government expenditures Monetary policy Press releases Staff Reports Tax revenues
English
Publication Date:
June 30, 2016
ISBN/ISSN:
9781475567342/1934-7685
Stock No:
1BTNEA2016001
Format:
Paper
Pages:
63
Please address any questions about this title to publications@imf.org