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Bhutan: Recent Economic Developments

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  • 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.

Suggested Citation

  • International Monetary Fund, 1994. "Bhutan: Recent Economic Developments," IMF Staff Country Reports 1994/007, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1994/007
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