Bhutan: Recent Economic Developments

International Monetary Fund

No 1994/007, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Bhutan during the 1990s. The paper discusses the fiscal outcome in 1993/94 (July–June) and the main elements of the authorities’ budget proposals for 1994/95. It assesses monetary and credit developments, as well as the major initiatives adopted by the authorities in the area of financial sector reform. The paper analyzes balance-of-payments developments in 1993/94 and changes in the exchange and trade system. The paper also highlights that output was estimated to have risen by more than 5 percent in 1993.

Keywords: ISCR; CR; Bhutan; balance of payments development; excess reserves; Bhutan's balance of payments statistics; monetary management; hard currency; Credit; Monetary base; Imports; Public enterprises (search for similar items in EconPapers)
Pages: 59
Date: 1994-03-15
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