Bhutan: Selected Issues and Statistical Appendix

International Monetary Fund

No 2007/349, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix on Bhutan underlie the macroeconomic impact of Tala, rapid private sector credit growth, and macroeconomic risks. In Bhutan, as the bulk of Tala-related flows go through the government accounts, this requires an appropriate fiscal stance and skillful expenditure management. Strong economic growth will require and lead to a deepening and further development of the financial system in Bhutan. The financial sector seems to be relatively shielded from adverse events, although risks remain.

Keywords: ISCR; CR; Bhutan; credit growth; internal rate of return; cost; tala; banking sector CAR; hydropower generation capacity; NPV terms; vis-à-vis India; annual debt service; growth in Bhutan; power project; Credit; Commercial banks; Loans; Monetary expansion; Financial sector (search for similar items in EconPapers)
Pages: 56
Date: 2007-10-16
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