IMF Staff Country Reports

Bhutan: 2025 Article IV Consultation-Press Release; and Staff Report

January 27, 2026

Preview Citation

Format: Chicago

International Monetary Fund. Asia and Pacific Dept "Bhutan: 2025 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2026, 019 (2026), accessed 1/28/2026, https://doi.org/10.5089/9798229035552.002

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Summary

Social conditions have improved significantly in the last decade, raising Bhutan’s
living standards while inequality and poverty have declined. The economy has been
recovering from the pandemic shock, but external imbalances remain and reserves are still
below pre-pandemic levels. Growth is strong, driven by hydropower projects, but
emigration among the youth remains a challenge.

Subject: Debt service, Debt sustainability analysis, Exports, External debt, International trade, Public debt

Keywords: Debt service, Debt sustainability analysis, Exports