A powerful snowstorm on February 25 blew away roofs of more than 50 houses, school buildings and a veterinary clinic in Merak, Trashigang.
The jamtho (parts of roof) of an old temple, Samtenchholing lhakhang, and the gewog guesthouse were also damaged.But there were no casualties said the Sakten dungpa, Tshewang Tobgay, who was informed by a yak herder, who managed to get through the snow and return from Merak yesterday afternoon. Continue reading Snowstorm cuts off Merak
Countries unaffected by first round of global meltdown have to watch out for second wave.
Bhutan is vulnerable to the second round effects of the global economic slowdown, through export earnings, tourism receipts, remittances and external financing for infrastructure, warns the World Bank.
A report on Impact of Global Financial Crisis on South Asia released recently states that countries such as Bhutan, Bangladesh, and Nepal were mostly insulated from the first round effects of the financial crisis, owing partly to their sound macroeconomic management and the underdeveloped nature of financial markets that are not exposed to international markets.
“Additionally, their reliance on foreign funding has been relatively large. The global financial crisis worsened their macroeconomic difficulties as sources of funding contracted,” stated the report. Continue reading World Bank warns Bhutan of vulnerability
