PM meets World Bank’s Chief Economist

Lyonchhen Tshering Tobgay was called on by Mr. Kaushik Basu, Chief Economist at the World Bank at the Gyalyong Tshogkhang this afternoon.

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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