AGP Executive Report
Last update: 4 hours agoADB Solar Push: The Asian Development Bank approved a US$160 million loan for Bhutan’s Solar Farm Expansion Project, adding at least 310 MW via three solar farms in Bumthang and Lhuentse and enabling grid connection through 46 km of transmission—aimed at cutting costly winter electricity imports and drawing private investment through Bhutan’s first private-majority energy PPP. Growth Watch: Bhutan’s 2026 economic growth forecast was revised down to 6.5% from 6.9%, with higher global energy prices and supply-chain disruptions raising fuel and transport costs and slowing private construction. Regional Payments: Bhutan hosted SAARCFINANCE talks in Paro calling for harmonised rules and trusted digital payment systems to deepen South Asia’s financial integration. Food Affordability: Bhutan’s egg prices stayed among the highest in South Asia, with CCAA data showing Thimphu retail prices rising from Nu 539.31 per tray in May to Nu 548.25 in June, even as FCBL imports eggs under controlled distribution. Demographics: Bhutan launched “Third Child Plus,” offering US$105 monthly for each third or subsequent child until age three, as the country battles an “existential” birthrate decline and ongoing emigration. Local Livelihoods: Thimphu tailors say rising costs, inconsistent orders, and skilled labour shortages are squeezing traditional tailoring businesses.
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