Bhutan : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Asia and Pacific Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2016/206

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Bhutan.

Fiscal policy.

Economic development--Bhutan.

Economic development.

Financial institutions--Bhutan.

Financial institutions.

Physical Description:

1 online resource (64 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2016.

Summary:

This paper discusses the recent economic developments, outlook, and risks for Bhutan. Following a slowdown in activity in the wake of the rupee shortage, economic growth has picked up more recently. From an average of about 8 percent during the Ninth and Tenth Five-Year Plans spanning fiscal years (FYs) 2003/04–2012/13, real GDP growth fell below 4 percent in FY2012/13 and FY2013/14. Bhutan’s medium-term outlook remains favorable. Commissioning of new hydropower generation projects will boost output, exports, and fiscal revenues. However, domestic risks stem from the need to manage high debt and potentially volatile hydropower-related inflows, which may fuel rapid credit growth and lead to renewed external pressure.

Contents:

Cover; CONTENTS; INTRODUCTION; MACROECONOMIC OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy; B. Monetary and Financial Sector Policies; C. External Sector; STAFF APPRAISAL; BOXES; 1. Inflation in Bhutan: Near-Term Outlook and Considerations for the Long-Term; 2. Bhutan's Labor Market: Problems and Solutions; 3. Base Rate System in Bhutan; 4. External Sector Assessment; 5. Assessing Reserve Adequacy; FIGURES; 1. Recent Macroeconomic Developments; 2. External Developments; 3. Fiscal and Monetary Developments; 4. Business Environment and Governance; TABLES

1. Selected Economic Indicators, 2012/13-2017/182. Government Budget Summary, 2012/13-2017/18; 3. Balance of Payments, 2012/13-2019/20; 4. Medium-Term Macroframework, 2012/13-2020/21; 5. Monetary Survey, 2010/11-2014/15; 6. Financial Soundness Indicators, 2006/07-2014/15; ANNEX; 1. Risk Assessment Matrix; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK GROUP; RELATIONS WITH THE ASIAN DEVELOPMENT BANK; STATISTICAL ISSUES

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF cover (ebrary, viewed September 8, 2016).

ISBN:

9781498341516

1498341519

9781498342070

1498342078