Bhutan Development Update, April 2015

Growth rebounded in 2014 along with the lift of restrictions over credit and imports, tourism expansion, and the resumption of hydropower investment. Bhutan’s significant dissaving is illustrated by a large current account deficit. Priority will ha...

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Bibliographic Details
Main Author: World Bank Group
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
TAX
Online Access:http://documents.worldbank.org/curated/en/2015/05/24503965/bhutan-development-update
http://hdl.handle.net/10986/22070
Description
Summary:Growth rebounded in 2014 along with the lift of restrictions over credit and imports, tourism expansion, and the resumption of hydropower investment. Bhutan’s significant dissaving is illustrated by a large current account deficit. Priority will have to be given to private sector development and asset diversification if Bhutan wants to reduce its vulnerability to donor finance and address rising youth unemployment.