IMF appreciates Bhutan’s economic performance


Jan 01: The International Monetary Fund (IMF) has commended the strong economic performance of Bhutan and said its interest rates should be appropriately adjusted to that of India to avoid unwarranted pressures on rupee reserves.

At the conclusion of the Article IV Consultation with Bhutan on December 15, the Executive Board of the IMF said its strong economic performance is supported by prudent economic management, firm donor support, and political stability.

Welcoming the successes of the Ninth Plan, including lowering poverty, raising per capita income, and improving social indicators, the IMF Board noted the comprehensive development agenda of the 10th Plan and considered the challenge was to achieve the Plan goals while maintaining economic and financial stability.