IMF Staff Country Reports

Bhutan: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan

September 19, 2024

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Format: Chicago

International Monetary Fund. Asia and Pacific Dept "Bhutan: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan", IMF Staff Country Reports 2024, 298 (2024), accessed September 26, 2024, https://doi.org/10.5089/9798400288241.002

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Summary

Bhutan achieved significant improvements in social conditions during the last decade, raising living standards. Poverty and inequality have declined, while extreme poverty has been eliminated. However, the pandemic hindered economic development, and external shocks and domestic policies have prevented a more robust recovery and resulted in large external imbalances leading to a sharp decline in reserves and placing pressure on the exchange rate peg.

Subject: Civil service, Debt service, Debt sustainability analysis, Exports, External debt, Financial institutions, Imports, International trade, Labor, Loans, Public debt

Keywords: Civil service, Debt service, Debt sustainability analysis, Exports, Government debt management, Imports, Loans, Public and publicly-guaranteed external debt

Publication Details

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