High-Level Summary Technical Assistance Reports

Bhutan: Development of an Interest Rate Corridor Framework

ByOleg Churiy, Bernard J Laurens

February 28, 2025

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Format: Chicago

Oleg Churiy, and Bernard J Laurens. "Bhutan: Development of an Interest Rate Corridor Framework", High-Level Summary Technical Assistance Reports 2025, 006 (2025), accessed 12/16/2025, https://doi.org/10.5089/9798229002158.029

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Summary

At the request of the Royal Monetary Authority of Bhutan (RMA), an IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) visited Thimphu during August 20-29, 2024. The mission’s objectives were to assist the authorities in setting up interest rate corridor (IRC) and operationalizing the related instruments, operations, liquidity forecasting, and collateral frameworks.

Subject: Asset and liability management, Central banks, Interest rate corridor, Liquidity forecasting, Liquidity management, Monetary policy, Open market operations

Keywords: capacity development recipient, high-level summary, IMF South Asia Regional Training and Technical Assistance Center, Interest rate corridor, International organization, Liquidity forecasting, Liquidity management, Monetary policy, money market development, Open market operations, staff capacity