Bhutan Policy Notes

World Bank

doi:10.1596/32292

Policy Note

Bhutan Policy Notes : Attracting Foreign Direct Investment

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2019-06-01

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In recent years, Bhutan has been revising its policy and increasing its efforts to attract FDI inflows. The existing policy regime governing FDI inflows is spelt out in the 2010 FDI Policy (amended in 2014). Despite the policy there are several reasons why Bhutan is not getting significant FDI inflows.

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“World Bank. 2019. Bhutan Policy Notes : Attracting Foreign Direct Investment. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/32292 License: CC BY 3.0 IGO.”

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http://hdl.handle.net/10986/32292

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Policy Notes

Bhutan Economic Update, December 2016

World Bank (2016-12)

Bhutan maintained solid macroeconomic performance in 2016. Large ongoing investments in hydropower projects, and supportive fiscal and monetary policy have contributed to the momentum in growth. Single-digit inflation, a relatively stable exchange rate, and accumulating international reserves attest to a stable macroeconomic environment. Rapid growth in a relatively calm macroeconomic context is likely to continue for the next few years, which should result in a steady reduction of poverty. Nevertheless, Bhutan’s structural challenges remain: large current account deficits, high public debt, an underdeveloped private sector, and a high youth unemployment rate. To address these challenges, the Royal Government of Bhutan is in the process of revising the Economic Development Policy (EDP) commencing in 2016 and has started preparatory work on the 12th Five-Year Plan (FYP), which will commence in 2018.

Bhutan maintained solid macroeconomic performance in 2016. Large ongoing investments in hydropower projects, and supportive fiscal and monetary policy have contributed to the momentum in growth. Single-digit inflation, a relatively stable exchange rate, and accumulating international reserves attest to a stable macroeconomic environment. Rapid growth in a relatively calm macroeconomic context is likely to continue for the next few years, which should result in a steady reduction of poverty. Nevertheless, Bhutan’s structural challenges remain: ...

Bhutan maintained solid macroeconomic performance in 2016. Large ongoing investments in hydropower projects, and supportive fiscal and monetary policy have contributed to the momentum in growth. Single-digit inflation, a relatively stable exchange rate, and accumulating international reserves attest to a stable macroeconomic environment. Rapid growth in a relatively calm macroeconomic context is likely to ...
Commodity Markets Outlook, April 2022 : The Impact of the War in Ukraine on Commodity Markets

World Bank Group (2022-04-26)

The war in Ukraine has caused major supply disruptions and led to historically higher prices for a number of commodities. Most commodity prices are now expected to see sharp increases in 2022 and remain high in the medium term. The price of Brent crude oil is projected to average $100/bbl in 2022, a 40 percent increase from 2021. Non-energy prices are expected to rise by about 20 percent in 2022, with the largest increases in commodities where Russia or Ukraine are key exporters. Wheat prices in particular are forecast to increase more than 40 percent this year. While price pressures are expected to ease in 2023, commodity prices will remain much higher than previously expected. The outlook depends on the duration of the war and the severity of disruptions to commodity flows. A Special Focus section investigates the impact of the war on commodity markets and compares the current episode with previous price spikes. It finds that previous oil price spikes led to the emergence of new sources of supplies and reduced demand in response to efficiency improvements and substitution to other ...

The war in Ukraine has caused major supply disruptions and led to historically higher prices for a number of commodities. Most commodity prices are now expected to see sharp increases in 2022 and remain high in the medium term. The price of Brent crude oil is projected to average $100/bbl in 2022, a 40 percent increase from 2021. Non-energy prices are expected to rise by about 20 percent in 2022, with the largest increases in commodities where Russia or Ukraine are key exporters. Wheat prices in particular are forecast to increase more than 40 ...

The war in Ukraine has caused major supply disruptions and led to historically higher prices for a number of commodities. Most commodity prices are now expected to see sharp increases in 2022 and remain high in the medium term. The price of Brent crude oil is projected to average $100/bbl in 2022, a 40 percent increase from 2021. Non-energy prices are expected to rise by about 20 percent in 2022, with the ...
Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine

World Bank (2020-12-16)

In Q2, Russia’s GDP contracted sharply, faced with domestic supply and demand, and terms of trade shocks. Yet supported by exports, GDP growth performed slightly above expectations. In the third quarter, as COVID-19 cases declined, restrictions eased and on the back of fiscal, monetary, and regulatory measures. Economic activity showed signs of picking up, as reflected by some resumption in industrial production sectors and services. However, negative momentum is expected to continue in Q4 amidst rising COVID-19 infection rates and re-installment of some mobility restrictions. The COVID-19 pandemic weakened corporate balance sheets, especially in services sectors such as hotels, tourist agencies, railway and airpassenger transportation.

In Q2, Russia’s GDP contracted sharply, faced with domestic supply and demand, and terms of trade shocks. Yet supported by exports, GDP growth performed slightly above expectations. In the third quarter, as COVID-19 cases declined, restrictions eased and on the back of fiscal, monetary, and regulatory measures. Economic activity showed signs of picking up, as reflected by some resumption in industrial production sectors and services. However, ...

In Q2, Russia’s GDP contracted sharply, faced with domestic supply and demand, and terms of trade shocks. Yet supported by exports, GDP growth performed slightly above expectations. In the third quarter, as COVID-19 cases declined, restrictions eased and on the back of fiscal, monetary, and regulatory measures. Economic activity ...

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Bhutan Economic Update, December 2016

Commodity Markets Outlook, April 2022 : The Impact of the War in Ukraine on Commodity Markets

Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine

Bhutan - Hydropower Export Boom : Its Macroeconomic Impacts and Policy Implications

Bhutan Macroeconomic and Public Finance Policy Note : Hydropower Impact and Public Finance Reforms towards Economic Self-Reliance

Bhutan Investment Climate Assessment Report : Vitalizing the Private Sector, Creating Jobs, Volume 1. Summary Report

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Bhutan Economic Update, December 2016

Commodity Markets Outlook, April 2022 : The Impact of the War in Ukraine on Commodity Markets

Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine

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Bhutan - Hydropower Export Boom : Its Macroeconomic Impacts and Policy Implications

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