European Parliament Library

Bhutan :, 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bhutan

The staff report for the 2007 Article IV Consultation on Bhutan explains the macroeconomic setting, economic developments, outlooks, risks, and challenges. Bhutan’s economic prospects are bright. Construction of two hydropower projects will help sustain real GDP growth over the medium term. With the exchange rate peg to the Indian rupee, inflation is expected to be in line with price developments in India. Executive Directors commended Bhutan’s prudent macroeconomic policies and political stability, which have yielded robust growth, an appreciable improvement in social indicators, and progress toward meeting the Millennium Development Goals
Table Of Contents
Cover; Contents; Executive Summary; I. Background and Macroeconomic Setting; II. Economic Developments in 2005/06-2006/07; III. Outlook, Risks, and Challenges; Boxes; 1. Poverty in Bhutan; IV. Policy Discussions; A. Monetary, Reserves, and Exchange Rate Management; B. Risks to Financial Sector Soundness; C. Fiscal Sustainability; 2. Stress Tests of Banking Sector Soundness; D. Structural Reforms for Sustained Growth and Poverty Alleviation; V. Data Issues; VI. Staff Appraisal; Figure; 1. Medium-Term Prospects; Tables; 1. Selected Economic and Financial Indicators, 2003/04-2007/08
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (61 p.)
Specific Material Designation
Form Of Item

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