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:
Rape, a single word with devastating impact that spans decades, even generations. It destroys bodies and minds and puts peace in jeopardy. When left unpunished or trivialized, it creates a pervasive culture where sexual violence is normalized, women and girls are undervalued, and entire communities and nations are left fractured.Read More
Bhutan presented its 3rd Universal Periodic Review (UPR) at the UN Human Rights Council’s Working Group in Geneva, Switzerland. Bhutan is one of the 14 States to be reviewed. The documents on which the reviews are based are: national report – information provided by the State under review; Information contained in the reports of […]Read More
UNFPA launched the State of the World Report 2019. The year 2019 marks two important milestones in the field of reproductive health and rights: 50 years since UNFPA began operations, and 25 years since the landmark International Conference on Population and Development (ICPD) in Cairo. The report shows that while much has been gained, much […]Read More
Copyright © 2018 United Nations Country Team. All rights reserved