Bhutan : 2011 Article IV consultation : staff report, staff supplement, public information notice on the Executive Board discussion, and statement by the Executive Director for Bhutan /

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2011.
Description:1 online resource (62 pages)
Language:English
Series:IMF country report ; no. 11/123
IMF country report ; no. 11/123.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499367
Hidden Bibliographic Details
Varying Form of Title:Bhutan, 2011 Article IV consultation
Other authors / contributors:International Monetary Fund, issuing body.
ISBN:1283563371
9781283563376
9781462329434
1462329438
Notes:Online resource; title from PDF title page (IMF Web site, viewed August 26, 2011).
Summary:Bhutan's rapid growth has been underpinned by hydropower sector development with donor support. However, fiscal policy should be tightened to address overheating, and spending and revenue reforms are needed to bolster the fiscal framework. Executive Directors suggested to adopt multiyear rolling budget to ensure debt sustainability. They assessed the need to strengthen the Royal Monetary Authority (RMA's) power to safeguard financial stability. They welcomed the comprehensive strategy embedded in the Economic Development Policy (EDP) that identifies activities that have strong job-generating p.