The Bhutan Development Report aims to inform policy making in Bhutan, especially in the area of economic diversification. Bhutan has a strong track record of reducing poverty and boosting shared prosperity, primarily supported by the state, which has played a large role in the country’s development accomplishments. Growth has been driven mainly by the public sector through hydropower development. State dominance is also reflected in the existence of a large number of state-owned enterprises (SOEs).However, the dependence on hydropower has resulted in a weak private sector and also created macroeconomic vulnerabilities. The government has taken important steps to develop the nascent private sector through investments in infrastructure and improvements in the investment climate. It has also invested heavily in education and health. Despite these laudable investments, available jobs remain vacant, while educated youth remain unemployed.
World Bank. 2019. Bhutan Development Report : A Path to Inclusive and Sustainable Development (English). Washington, D.C. : World Bank Group.
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