European Parliament Library

Bhutan :, 2011 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bhutan

Bhutan’s rapid growth has been underpinned by hydropower sector development with donor support. However, fiscal policy should be tightened to address overheating, and spending and revenue reforms are needed to bolster the fiscal framework. Executive Directors suggested to adopt multiyear rolling budget to ensure debt sustainability. They assessed the need to strengthen the Royal Monetary Authority (RMA's) power to safeguard financial stability. They welcomed the comprehensive strategy embedded in the Economic Development Policy (EDP) that identifies activities that have strong job-generating potential and also promote foreign direct investment and private sector development
Table Of Contents
Cover; Contents; Executive Summary; I. Context; II. Macroeconomic Outlook and Risks; Boxes; 1. Hydropower Sector Issues; 2. Dealing with Revenue Volatility; 3. Ease of Doing Business in Bhutan; III. Policy Discussions: Preserving Macroeconomic Stability and Sustaining Strong Growth; A. Fiscal Policy; B. Monetary and Financial Sector Policies; C. External Sector and Structural Issues; IV. Staff Appraisal; Figures; 1. Real and External Sector Developments; 2. Monetary, Financial and Fiscal Developments; Tables; 1. Selected Economic and Financial Indicators, 2007/08-2011/12
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (63 p.)
Specific Material Designation
Form Of Item

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