IMF Staff Country Reports

Bhutan : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

October 30, 2018

Electronic Access:

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Summary:

Bhutan has made significant strides in improving per capita incomes and reducing poverty, with growth strong and inflation in single digits. While still large, external imbalances are declining. Welcome progress has also been made on structural reforms. Key medium-term policy challenges include the mobilization of domestic revenues and prudent management of hydropower revenues to support adequate levels of public spending, while maintaining macroeconomic stability, and enhancing competitiveness and diversifying the sources of growth.

Series:

Country Report No. 18/300

Subject:

Article IV consultation reports Consumption taxes Economic indicators Exchange rate policy External sector Financial sector Fiscal policy Fiscal reforms Monetary policy Poverty and inequality Press releases Staff reports