Suchergebnisse

This 2014 Article IV Consultation highlights that the GDP growth in Bhutan has slowed from about 10 percent in FY2011 (July 1â??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 (Bhutanâ??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 ma

Cover -- CONTENTS -- RECENT DEVELOPMENTS, OUTLOOK, AND RISKS -- MACROECONOMIC AND FINANCIAL POLICIES -- A. Fiscal Policy -- B. Monetary Policy -- C. Financial Sector -- D. External Sector and Exchange Rate Policy -- E. Structural Issues -- STAFF APPRAISAL -- BOXES -- 1. Poverty Trends -- 2. Goods and Services Tax -- FIGURES -- 1. Recent Macroeconomic Developments -- 2. External Developments -- 3. Fiscal, Monetary, and Financial Developments -- TABLES -- 1. Selected Economic Indicators, 2012/13-2018/19 -- 2. Government Budget Summary, 2012/13-2022/23 -- 3. Balance of Payments, 2013/14-2022/23 -- 4. Medium-Term Macroeconomic Framework, 2012/13-2022/23 -- 5. Monetary Survey, 2013/14-2017/18 -- 6. Financial Soundness Indicators, 2008/09-2017/18 -- APPENDICES -- I. Priority Sector Lending Guidelines -- II. Risk Assessment Matrix -- III. Guiding Principles for the Stabilization Fund Management -- IV. Composition of Credit and Economic Activity -- V. External Sector Assessment -- CONTENTS -- FUND RELATIONS -- INFORMATION ON THE ACTIVITIES OF OTHER IFIS -- STATISTICAL ISSUES.