Bhutan

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452743835
Size: 76.84 MB
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Bhutan from the Author: International Monetary Fund. 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.

Bhutan

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452777810
Size: 75.91 MB
Format: PDF, Docs
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Bhutan from the Author: International Monetary Fund. 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.

Bhutan

Author: Adil Mohommad
Publisher:
ISBN:
Size: 36.99 MB
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Bhutan from the Author: Adil Mohommad. "The first chapter describes the current tax system and suggests options for tax policy reform in Bhutan. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and prevent recourse to domestic debt to finance development needs. Key reforms include reducing tax exemptions in the near term and introduction of VAT in the medium term. The second chapter analyses the adequacy of international reserves in Bhutan using a customized risk-weighted metric. The results indicate that Bhutan's reserve levels are ample. Notwithstanding this adequate buffer, there are significant challenges to reserve management as hydro-related debt service is lumpy and there is a currency mismatch between the composition of reserves and that of trade and debt service flows which can create short-term pressures. The third chapter looks at the prospects for diversification of growth in Bhutan. Dependence on hydropower is set to increase, and exports will likely continue to become less diversified. As well, employment gains from hydropower generation are limited. Potential alternative sources of growth to hydropower - such as tourism, agri- business, and energy intensive activities - do exist, but require policy interventions addressing key structural deficiencies such as shortage of skilled labor and access to finance and an effort to address other business climate issues"--Abstract.

Bhutan Selected Issues And Statistical Appendix

Author: International Monetary International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 72.52 MB
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Bhutan Selected Issues And Statistical Appendix from the Author: International Monetary International Monetary Fund. Annotation In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Bhutan Selected Issues

Author: International Monetary Fund
Publisher:
ISBN:
Size: 76.74 MB
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Bhutan Selected Issues from the Author: International Monetary Fund.

Bhutan Selected Issues

Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1498367437
Size: 61.96 MB
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Bhutan Selected Issues from the Author: International Monetary Fund. Asia and Pacific Dept. This Selected Issues paper describes the current tax system in Bhutan and suggests options for tax policy reform. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and prevent recourse to domestic debt to finance development needs. Key reforms include reducing tax exemptions in the near term and introduction of value-added tax in the medium term. The paper also analyzes the adequacy of international reserves in Bhutan using a customized risk-weighted metric. The results indicate that Bhutan’s reserve levels are ample.

Republic Of Belarus Selected Issues

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 14.59 MB
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Republic Of Belarus Selected Issues from the Author: International Monetary Fund. In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Selected Issues

Author: International Monetary Fund. Middle East and Central Asia Dept. Staff
Publisher: International Monetary Fund
ISBN:
Size: 10.66 MB
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Selected Issues from the Author: International Monetary Fund. Middle East and Central Asia Dept. Staff. In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Bhutan 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For Bhutan

Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1498324533
Size: 49.45 MB
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Bhutan 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For Bhutan from the Author: International Monetary Fund. Asia and Pacific Dept. This 2014 Article IV Consultation highlights that the GDP growth in Bhutan has slowed from about 10 percent in FY2011 (July 1–June 30) to 5 percent in FY2013. Slower growth reflects policy efforts to contain overheating pressures in the form of restrictions on credit for construction and vehicle. Inflation has remained elevated, tracking closely that of India (Bhutan’s main trading partner). Social development indicators have improved steadily, and Bhutan is on track or has achieved most of its Millennium Development Goals. Growth is projected to recover to 6½ percent in FY2014, driven mainly by a pick-up in hydropower-related construction activities and domestic services.