01728cas a2200241 a 4500 AALejournalIMF006211 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451806281 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Bhutan : 2009 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (58 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2009 Article IV Consultation highlights that Bhutan's fiscal policy has been anchored by keeping current spending below domestic revenue. Bhutan's large and volatile trade deficits have been offset by sizable foreign aid flows, resulting in a balance of payments (BOP) surplus and reserve accumulation. The BOP surplus has averaged about 8 percent of GDP over the last few years. Executive Directors have commended the authorities for the strong economic performance anchored by hydropower sector development, and supported by prudent economic management, firm donor support, and political stability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/334 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/334/002.2009.issue-334-en.xml IMF e-Library