IMF Staff Country Reports

Bhutan: Selected Issues and Statistical Appendix

Publication Date:

October 16, 2007

Electronic Access:

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Summary:

This Selected Issues paper and Statistical Appendix on Bhutan underlie the macroeconomic impact of Tala, rapid private sector credit growth, and macroeconomic risks. In Bhutan, as the bulk of Tala-related flows go through the government accounts, this requires an appropriate fiscal stance and skillful expenditure management. Strong economic growth will require and lead to a deepening and further development of the financial system in Bhutan. The financial sector seems to be relatively shielded from adverse events, although risks remain.

Series:

Country Report No. 2007/349

Subject:

Commercial banks Credit Economic sectors Financial institutions Financial sector Loans Monetary expansion Monetary policy Money