Bhutan and Botswana share a number of similarities. The two countries, land locked small states, have grown rapidly over the past few decades, boosted by sustained, large-scale inflows of foreign exchange. Botswana’s annual real growth rate averaged 9 percent over the past 40 years, driven by diamond exploration, whereas Bhutan has taken full advantage of generous foreign aid inflows to achieve an average growth rate of 8 percent per year for the...
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2015/01/01
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Documento de Trabalho
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98089
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1
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1
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2015/07/16
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Disclosed
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Small countries with volatile revenue : Botswana and Bhutan
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Fiscal policies
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