European Parliament Library

Bhutan :, 2009 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

This 2009 Article IV Consultation highlights that Bhutan’s fiscal policy has been anchored by keeping current spending below domestic revenue. Bhutan’s large and volatile trade deficits have been offset by sizable foreign aid flows, resulting in a balance of payments (BOP) surplus and reserve accumulation. The BOP surplus has averaged about 8 percent of GDP over the last few years. Executive Directors have commended the authorities for the strong economic performance anchored by hydropower sector development, and supported by prudent economic management, firm donor support, and political stability
Table Of Contents
""Cover""; ""Contents""; ""Executive Summary""; ""I. Backdrop""; ""II. Economic Developments""; ""III. Outlook and Risks""; ""IV. Policy Discussions""; ""A. Fiscal Policy and Debt Sustainability""; ""B. Monetary and Financial Sector Policies""; ""C. External Sector Issues""; ""D. Employment and Private Sector Development""; ""E. Staff Appraisal""; ""Boxes""; ""1. Bhutan�s Cross-country Linkages""; ""2. Wage Developments and Issues""; ""3. Banking Sector Sensitivity Analysis""; ""4. Exchange Rate Assessment""; ""Figures""; ""1. Real and External Sector Developments""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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