The policy note assesses Bhutan's agribusiness sector and recommends steps the Royal Government of Bhutan (RGoB) might consider to increase the sector's growth. The analysis relies primarily on Enterprise Survey conducted in 2015, supplemented by extensive literature reviews and fieldwork. Several overarching conclusions emerge: (i) public sector institutions supporting agribusiness have the opportunity to refine their incentive structures for greater impact on the growth and development of Bhutan's private agribusinesses; (ii) Bhutan is already endowed with the agro-climatic conditions and technical capacity to produce and market several agricultural products, providing the RGoB with the opportunity to increase agribusiness export volumes and value; (iii) although Bhutan has policies in place to promote both domestic and foreign direct investment (FDI), the RGoB has additional opportunities for spurring greater investment and innovation in agribusiness; and (iv) while the agribusiness sector has experienced significant gains in access to finance, more can be done in the banking sector to support marketing, processing, and exporting agri-food products.
Details
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Author
Keturakis,Ed, Dawes,Winston, Jones,Maria Ruth, Lapres,Blair Edward, Ronchi,Loraine, Santini,Massimiliano
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Document Date
2017/09/01
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Document Type
Policy Note
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Report Number
120138
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2017/09/28
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Disclosure Status
Disclosed
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Doc Name
Increasing Agribusiness Growth in Bhutan
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Keywords
Agriculture;farmer;agribusiness sector;access to finance;rural area;Labor Market;legal and regulatory framework;Reducing Emissions from Deforestation;small and medium enterprise;self-sufficiency in food production;information and communication technology;sanitary and phytosanitary standards;access to financial service;farm ministry;Food Security and Nutrition;Business Enabling Environment;agricultural product;comparator country;decline in productivity;wages and salary;investments in agriculture;total factor productivity;fruit and vegetable;remote rural area;commercial agricultural sector;inclusive economic growth;agricultural labor force;global value chain;factor endowment;labor productivity;wage hike;productivity growth;movement of labor;food and nutrition;balance of payment;foreign direct investment;procurement and distribution;poor rural resident;food security reserves;market development;cost of transport;business to business;Letter of Credit;foreign exchange transaction;direct service provision;free trade agreement;source of income;source income;investment promotion agency;animal protein product;multilateral development institution;machinery and equipment;mitigating climate change;constant local currency;labor market distortion;growth and development;civil service wage;government current expenditure;danish international development;average wage income;agricultural productivity increase;labor market equilibrium;economic growth rate;Private Sector Growth;agricultural production system;panel data;horticultural crop;livestock product;annual labor;rural livelihood;market access;farm mechanization;youth unemployment;inclusive growth;employment policy;Market Studies;commercial agriculture;nonfarm enterprise;export market;Financial Sector;Employment Policies;literature review;fresh milk;tax break;agricultural value;market study;farm road;smallholder farmer;business management;business environment;agricultural land;urban job;cereal crop;urban economy;
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Citation
Keturakis,Ed Dawes,Winston Jones,Maria Ruth Lapres,Blair Edward Ronchi,Loraine Santini,Massimiliano
Increasing Agribusiness Growth in Bhutan (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/322451506624385502/Increasing-Agribusiness-Growth-in-Bhutan