Bhutan

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452777810
Size: 72.18 MB
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This Selected Issues paper and Statistical Appendix on Bhutan underlie the macroeconomic impact of Tala, rapid private sector credit growth, and macroeconomic risks. In Bhutan, as the bulk of Tala-related flows go through the government accounts, this requires an appropriate fiscal stance and skillful expenditure management. Strong economic growth will require and lead to a deepening and further development of the financial system in Bhutan. The financial sector seems to be relatively shielded from adverse events, although risks remain.

Bhutan

Author: Adil Mohommad
Publisher:
ISBN:
Size: 71.75 MB
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"The first chapter describes the current tax system and suggests options for tax policy reform in Bhutan. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and prevent recourse to domestic debt to finance development needs. Key reforms include reducing tax exemptions in the near term and introduction of VAT in the medium term. The second chapter analyses the adequacy of international reserves in Bhutan using a customized risk-weighted metric. The results indicate that Bhutan's reserve levels are ample. Notwithstanding this adequate buffer, there are significant challenges to reserve management as hydro-related debt service is lumpy and there is a currency mismatch between the composition of reserves and that of trade and debt service flows which can create short-term pressures. The third chapter looks at the prospects for diversification of growth in Bhutan. Dependence on hydropower is set to increase, and exports will likely continue to become less diversified. As well, employment gains from hydropower generation are limited. Potential alternative sources of growth to hydropower - such as tourism, agri- business, and energy intensive activities - do exist, but require policy interventions addressing key structural deficiencies such as shortage of skilled labor and access to finance and an effort to address other business climate issues"--Abstract.

Bhutan Selected Issues

Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1498367437
Size: 16.10 MB
Format: PDF, Docs
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This Selected Issues paper describes the current tax system in Bhutan and suggests options for tax policy reform. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and prevent recourse to domestic debt to finance development needs. Key reforms include reducing tax exemptions in the near term and introduction of value-added tax in the medium term. The paper also analyzes the adequacy of international reserves in Bhutan using a customized risk-weighted metric. The results indicate that Bhutan’s reserve levels are ample.

Bhutan Selected Issues And Statistical Appendix

Author: International Monetary International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 22.31 MB
Format: PDF
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Annotation In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Bhutan

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1463965176
Size: 46.79 MB
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Recent economic developments: economic activity and prices; fiscal developments; monetary policy and developments; external sector developments. Eighth Five-Year Plan; background; objectives and strategy; key elements; and sectoral policies. Financial sector developments and reforms. Statistical tables.

Bhutan

Author: Fonds monétaire international
Publisher:
ISBN: 9780119847123
Size: 42.40 MB
Format: PDF, ePub, Docs
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Bangladesh

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 78.45 MB
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This Selected Issues paper on Bangladesh reviews institutional developments in the foreign exchange market since 2002. In 2002, there have been several aspects of the financial system and exchange market in Bangladesh that posed impediments to a floating exchange rate system. The financial system has been dominated by state-owned commercial banks with assets amounting to about 24 percent of GDP and accounting for some 46 percent of industry net assets. Market interventions have been largely confined to building foreign exchange reserves and to countering rare disorderly market conditions.

Vietnam

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 24.46 MB
Format: PDF
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This Selected Issues paper reviews Vietnam's inflation dynamics, trade regime, performance, and external competitiveness. It analyzes the policy issues associated with strengthening of the revenue base and the changing role of government-owned firms in the national economy. It examines the reform program being pursued for nonfinancial state-owned enterprises. It describes the key features of Vietnam's banking reforms, assesses the progress made so far, and outlines the challenges ahead.