Sangay’s Story – an Anecdote

    Winter Edition , A few months after the launch of the Priority Sector Lending (PSL) initiative on 1 January 2018, the Governor of the Royal Monetary Authority (RMA) received a cry for help from a PSL client, 24-year-old Sangay Gempo. Sangay, who had completed his BBA in India in 2016, had returned...

    Matching Skills and Jobs

    Winter Edition , There are jobs, and there are people, and they need to be brought together. They need financial support. After learning about the mismatch of jobs that were available in the market, and the skills that technical graduates possess, a fibre optic specialist at Bhutan Telecom left his comfort zone...

    Women Entrepreneurship in Bhutan – the Scenario and the Way Forward

    Winter Edition , Introduction In 2016, the Department of Cottage and Small Industries (DCSI) reported that only 35.53 percent of the total registered micro, small and medium enterprises in the country were owned by women. Women mostly operate cottage and small enterprises and function in the informal economy with very small probability...

    Promoting Bhutanese Products to Build Rural Economy

    Winter Edition , Introduction To use a provocative pun, this article looks at the “real” Bhutan and “real people”. The writer believes that, beyond the snow clad peaks and lush valleys, rich biodiversity and spiritual monuments-all the wondrous things that we like to talk about-there are colours and flavours of a real...

    Establishing a Bhutanese Creative Community: The Salient Driver for Bhutan’s Cultural Industries

    Winter Edition , Background and Introduction The focus in 2019’s Bhutan Economic Forum for Innovative Transformation (BEFIT) will be on Bhutan’s small and medium enterprise sector (SMEs), also known locally as the cottage and small industries (CSI) sector. The aim of the forum is to review the Cottage, Small and Medium Industry...

    How Not to Miss the Boat

    Winter Edition , Across the world, cultural export, through film and music, had always been used by governments to create a positive image of their countries. For decades westerners knew about Thailand from the old musical, The King and I. James Hilton’s Lost Horizon built the image of Shangrila as the world...

    Transport to Facilitate the Economy

    Winter Edition , Introduction The purpose of transport is the movement of people and goods. It is critical for Bhutan’s economic development, like tourism, which should include scenic drives and cultural tours and treks. The effort to diversify the economy by encouraging Cottage and Small Industries (CSIs) also faces a major problem...

    Transforming the Economy Through Tourism

    Winter Edition , A High Value Low Impact Dilemma For international tourists, Bhutan has long been a much sought after “global hotspot”, a rare destination. A veteran American tour operator who has been a promoter of high-end tours to Bhutan since the 1980s, now disagrees: “Bhutan used to be a high value,...

    Towards Food Sovereignty and Organic Farming

    Winter Edition , State of Play: Farming and Food Security in Bhutan Bhutan’s ambition to become wholly organic has drawn much attention among experts and policy makers worldwide. Conventional farming practices are increasingly facing scrutiny, especially in the light of climate change, shrinking wild habitats and agricultural biodiversity, reduced soil fertility, and...

    Priority Sector Lending — Redirecting the Course of the Economy

    Winter Edition , “Our nation has seen great socio-economic growth but it is more important that we have growth with equity. We must raise, with all our effort, the less fortunate so that they may, at the earliest, begin to partake in the opportunities brought by modernisation and progress.” His Majesty The...