Developer

Financing the Global South’s Infrastructure Boom

By Rakesh Mohan & Divya Srinivasan NEW DELHI – With infrastructure now seen as the leading engine of growth across the Global South, governments are under pressure to build – and fast. But for most, fiscal space is limited; development aid is thinning; and long-promised climate financing remains elusive. As …

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P I

For more than a decade, the 1,200 MW Punatsangchu I project has tested Bhutan’s patience, finances and resolve. The right bank slides of 2013, 2016 and 2019 were not just engineering setbacks; they became symbols of uncertainty hanging over one of the country’s most important hydropower investments. Today, however, there …

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The Tourism solution

In 2019, Bhutan received around 300,000 tourists, but today, in the post-pandemic era the numbers of hotels and rooms have almost doubled and in 2025 around 200,000 tourists have come to Bhutan. While the numbers are going up, it is clear that the number of nights has reduced for both …

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The Pandemic of Excess

By Tshering Dorji (Mr Bhutan) The world as I see it: “I try to find myself in things, but i keep losing myself.” We inhabit a world that is intricately connected, deeply complex, and increasingly unpredictable. A world of extreme abundance and heart wrenching deprivation. A world where a few …

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A Turning Point

The latest visa data confirms what scenes at Paro International Airport have already suggested; the so-called “Australia rush” is far from over. In just the first six months of FY 2025–26, 5,916 Bhutanese were granted Australian visas, nearly matching the total for the entire previous financial year. If the current …

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India’s Middle-Power Dilemma

By Ajay Shah NEW DELHI – Canadian Prime Minister Mark Carney has issued a battle cry in the global fight against deglobalization. In a historic speech at the World Economic Forum’s annual meeting in Davos, he called on the world’s “middle powers” to take a new approach to revisionist powers, a list …

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GST Squeeze on the Service Sector

With the rollout of the Goods and Services Tax (GST), public attention has largely been fixed on the price of goods. This debate, while important, has obscured a far more consequential shift taking place quietly in the background: the first-time taxation of a vast and diverse service sector that forms …

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Trump Has Abandoned the World

By Gordon Brown EDINBURGH – On January 27, US President Donald Trump’s second withdrawal from the Paris climate agreement will finally take effect. This follows his announcement on January 7 that the United States would leave an additional 66 international organizations, including 31 United Nations entities and 35 non-UN bodies, …

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