01856cas a2200241 a 4500 AALejournalIMF016910 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475567342 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Bhutan : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (63 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 paper discusses the recent economic developments, outlook, and risks for Bhutan. Following a slowdown in activity in the wake of the rupee shortage, economic growth has picked up more recently. From an average of about 8 percent during the Ninth and Tenth Five-Year Plans spanning fiscal years (FYs) 2003/04-2012/13, real GDP growth fell below 4 percent in FY2012/13 and FY2013/14. Bhutan's medium-term outlook remains favorable. Commissioning of new hydropower generation projects will boost output, exports, and fiscal revenues. However, domestic risks stem from the need to manage high debt and potentially volatile hydropower-related inflows, which may fuel rapid credit growth and lead to renewed external pressure. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/206 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/206/002.2016.issue-206-en.xml IMF e-Library