PM meets World Bank’s Chief Economist

Bhutan Times - - Home - AN­JANA SUBBA

Ly­onch­hen Tsh­er­ing Tob­gay was called on by Mr. Kaushik Basu, Chief Economist at the World Bank at the Gya­ly­ong Tshogkhang on 29th of De­cem­ber 2014.

Ex­tend­ing a warm wel­come to Mr. Basu and his del­e­ga­tion, Ly­onch­hen thanked him for vis­it­ing Bhutan and said that he was de­lighted to re­ceive them to­day.

Speak­ing on the econ­omy, Mr. Basu said that Bhutan’s mod­er­ate pace and ‘mea­sured open­ing’ to eco­nomic de­vel­op­ment is, in his opin­ion, a re­mark­able feat that Bhutan could be model and a bit of a les­son for the rest of the world.

Ly­onch­hen said that de­spite be­ing small and pris­tine, achiev­ing eco­nomic self-re­liance was the coun­try’s fore­most prece­dence.

Ly­onch­hen in­formed that Bhutan’s main sec­tors of growth such as hy­dropower, agri­cul­ture, tourism, ed­u­ca­tion, CSIs and min­ing, needed a much more com­pre­hen­sive ap­proach for ad­vanced aug­men­ta­tion so that they could con­trib­ute con­sid­er­ably to the gross do­mes­tic prod­uct.

Ly­onch­hen and Mr. Basu also dis­cussed about in­vest­ing in in­for­ma­tion tech­nol­ogy and pos­si­bil­i­ties of de­vel­op­ing data cen­ters in the coun­try. On ed­u­ca­tion, Mr. Basu sug­gested that Bhutan would ben­e­fit a lot if it were to invest in es­tab­lish­ing in­ter­na­tional qual­ity schools that would fo­cus on teach­ing good en­vi­ron­men­tal man­ners to the stu­dents.

Ly­onch­hen con­veyed that work­ing to­gether in close col­lab­o­ra­tion would go a long way in man­i­fest­ing more suc­cesses in Bhutan’s fu­ture.

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