Front Matter

Front Matter Page

© 2007 International Monetary Fund

October 2007

IMF Country Report No. 07/349

This Selected Issues paper and Statistical Appendix for Bhutan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on September 20, 2007. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Bhutan or the Executive Board of the IMF.

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Front Matter Page

INTERNATIONAL MONETARY FUND

BHUTAN

Selected Issues and Statistical Appendix

Prepared by Hiroko Oura and Petia Topalova (both APD)

Approved by the Asia and Pacific Department

September 20, 2007

Contents

  • I. Managing the Macroeconomic Impact of the Hydropower Sector

    • A. Introduction

    • B. The Macroeconomic Impact of Tala

    • C. Financial Viability of Projects

    • D. Conclusion

    • References

  • II. Rapid Private Sector Credit Growth, Macroeconomic Risks, and Financial Sector Soundness

    • A. Causes and Nature of Credit Growth

    • B. Credit Growth and Macroeconomic Risks

    • C. Credit Growth and Financial Sector Soundness

    • D. Conclusion

    • References

  • Tables

  • 1. Gross Domestic Product by Origin at 2000 Prices, 2001–2005

  • 2. Gross Domestic product by Origin at Current Prices, 2001–2005

  • 3. Crop Production Estimates, 2001–2005

  • 4. Livestock and Poultry Production, 2000–2004

  • 5. Logging Volume, 2001–2005

  • 6. Imports of Essential Food Items by the Food Corporation of Bhutan, 2001–2005

  • 7. Gross Sales and Output of Selected Industries, 2001–2006

  • 8. Electricity Generation, Tariff Rates, and Trade with India, 2001/02–2005/06

  • 9. Tourism Statistics, 2002–2006

  • 10. Consumer Price Index, 2002–2006

  • 11. Government Budget Summary, 2001/02–2006/07

  • 12. Government Revenue, 2000/01–2005/06

  • 13. Economic Classification of Government Current Expenditure, 2000/01–2005/06

  • 14. Functional Classification of Government Current Expenditure, 2000/01–2005/06

  • 15. Functional Classification of Government Capital Expenditure, 2000/01–2005/06

  • 16. Functional Classification of Total Government Expenditure, 2000/01–2005/06

  • 17. Monetary Survey, 2001–2007

  • 18. Assets and Liabilities of the Royal Monetary Authority of Bhutan, 2001–2007

  • 19. Assets and Liabilities of the Bank of Bhutan, 2001–2007

  • 20. Assets and Liabilities of the Bhutan National Bank, 2001–2007

  • 21. Assets and Liabilities of the Royal Insurance Corporation of Bhutan, 2001–2007

  • 22. Assets and Liabilities of the Bhutan Development Finance Corporation, 2001–2007

  • 23. Financial Sector Investment by Sector of Economic Activity, 2001–2006

  • 24. Royal Monetary Authority of Bhutan Bills Auctions, 2002–2007

  • 25. Structure of Interest Rates, 2001–2006

  • 26. Balance of Payments Summary, 2001/02–2005/06

  • 27. Balance of Payments with India, 2001/02–2005/06

  • 28. Balance of Payments with Third Countries, 2001/02–2005/06

  • 29. Exports to India, 2001–2006

  • 30. Imports from India, 2001–2006

  • 31. Exports to Third Countries, 2001–2005

  • 32. Imports from Third Countries, 2001–2005

  • 33. Direction of Trade, 2001–2006

  • 34. External Debt and Debt Service, 2001/02–2006/07

  • 35. External Debt and Debt Service by Creditor, 2001/02–2005/06

Bhutan: Selected Issues and Statistical Appendix
Author: International Monetary Fund