UN DESA | DPAD | Development Policy Analysis Division
Macroeconomic Advisory Capacity (MAC)
UN-DESA • Government of Bhutan
29 May 2012
In 2010-11, Bhutan suffered a severe crunch of Indian Rupee (INR) reserves resulting in unprecedented macroeconomic vulnerabilities that the country continues to grapple with. Against this background and as part of the ongoing collaboration with the Government of Bhutan, UNDESA organized a high-level Economic Forum in Thimphu on 29 May 2012 to examine the underlying causes of the shortfall of INR reserves, asses the macroeconomic ramifications, and explore policy options to address the problem.