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

Development Partners’ Group (DPG) Meeting

The UN Development Partners’ Group met at the UN House on April 26. During the meeting, three presentations were made on Safe System Approach to Human Wildlife Conflict by WWF, UNDP Small Grants Programme Opportunities and Bhutan’s Voluntary National Review by GNHC. Please find the PDF of the presentations below: Safe System (WWF) SGP (GEF) […]

Read More
UN to recognize best development story to promote development journalism

    Dechen Wangmo, Paro Nov 16, 2018 UN Resident Coordinator Gerald Daly   The United Nations in Bhutan will now honour development journalism in the country every year through the Best Development Story Award. The new award would be given at the annual Journalists Association of Bhutan (JAB) Awards. The UN Resident Coordinator, Gerald […]

Read More
International Experience from National Colleagues

  International Experience from National Colleagues   The Good, The Bad and The Ugly   In recognizing that many national staff working for the United Nations in Bhutan are keen on pursuing international assignment to enhance their career, the Resident Coordinator’s Office took the opportunity to invite two UN national staff who have been on […]

Read More

Copyright © 2018 United Nations Country Team. All rights reserved