Bhutan – Macroeconomic and public finance policy note : hydropower impact and public finance reforms towards economic self-reliance

Bhutan’s hydropower generation potential raises the prospect of tremendous development opportunities for the country: fast increasing export revenue, sustained economic growth, and rapid poverty reduction. Driven by developments in the hydropower sector, the country has grown at an average rate of 7 percent per year over the last decade, while poverty has declined remarkably fast. But hydropower development also creates significant challenges as follows: (i) macroeconomic instability; (ii) lack of self-reliance; and (iii) few private sector jobs. This policy note assesses the opportunities and challenges associated with hydropower development. It informs a possible strategy supportive of macroeconomic stability, fiscal self-reliance and private sector development. And it argues that fundamental changes in public finance, amounting to a paradigm shift, are central to the implementation of such strategy.

 

World Bank. 2015. Bhutan – Macroeconomic and public finance policy note : hydropower impact and public finance reforms towards economic self-reliance (English). Washington, D.C. : World Bank Group.

 

You can access to the document with the below link:

http://documents.worldbank.org/curated/en/211211467995430678/pdf/106327-PN-P152382-PUBLIC-Box396265B.pdf

 

Recent posts

It’s World Immunization Week!

Vaccines protect children against disease and death, saving up to 3 million lives every year. In short,#VaccinesWork. Bhutan joins the global community in observing the World Immunization Week April 24-30 – a key global movement held every year to re-focus attention on the importance of vaccination for children. #UNICEFBhutan #ForEveryChild #ProtectedTogether  

Read More
Champions for Equality

Our work should equip the next generation of women to outdo us in every field. This is the legacy we will leave behind,” unquote. Rupi Kaur. Celebrating International Women’s Day.

Read More
CSO Capacity Development Training

The UN Resident Coordinators Office with the Australian Himalayan Foundation are pleased to present this outline of the executive training programme which will be presented to a group of CSOs from May 20 to 30, 2018 in Bhutan. Please find the complete brochure here. Click CSO workshop brochure

Read More

Copyright © 2018 United Nations Country Team. All rights reserved