Frequently Asked Questions
The Economic Roadmap is in the early stages of development. This FAQ seeks to provide basic information as it stands to date. The FAQ will be amended
periodically during the formulation of the roadmap.
1. What is the 21st Century Economic Roadmap?
During the 112th National Day (December 17th, 2019), one of the main messages from His Majesty’s Royal Address to the nation was to chart out a clear economic roadmap for the 21st Century to create economic opportunities for the next generation. Inspired by His Majesty The King’s national day address, and given Bhutan’s economic constraints, the 21st Century Economic Roadmap is a national initiative to chart out Bhutan’s long-term economic direction and guide short and medium-term plans, programs and policies. It will articulate the main strategies in key economic priority areas.
2. What are the main objectives of the roadmap?
The main objective of the roadmap is to chart out a clear economic roadmap for the 21st century–this will help every Bhutanese and entity to understand their respective roles and work towards a common national objective.
3. What is the timeline for roadmap? Why?
The timeline for the roadmap is 10 years from 2021 to 2030. A 10-year timeline for the roadmap is proposed to fast track creation of economic opportunities and open up new/more avenues in employment for the next generation. The pace of innovation is at an all-time high and technologies being released will have broader impacts across all sectors in this decade. Also, 10 years is a realistic timeframe to plan and pursue short/medium-term results and long-term goals. However, the timeframe may be revised depending on the findings and recommendations of the National Taskforce and independent groups.
4. When is the economic roadmap going to be launched ?
The roadmap development exercise will begin from February 2020 and complete by December 2020. Coinciding with His Majesty The King’s Birth Anniversary, the economic roadmap will be launched on February 21st, 2021.
5. Who is developing the economic roadmap?
A High-Level RoundTable Committee has been instituted to provide overall strategic direction for the formulation of the economic roadmap, build consensus, and foster national ownership among the heads of the government, political parties, institutions, private sector, and experts from various fields. The members of the committee are presented under the Governance Structure.
The formulation of the economic roadmap will be spearheaded by a National Taskforce that has been endorsed by the High-Level Round Table Committee. The 11-member National Taskforce has been established to carry out the exercise. Members of the National Taskforce have diverse backgrounds, professions, experiences and expertise in the areas of technology, economy, business, entrepreneurship, finance and human capital, working beyond civil service. The members of the taskforce are presented under the Governance Structure.
Operating alongside the taskforce are about five professional groups of civil servants, private sector, financial institutions, resident development partners and private consultants. The groups shall be dissolved after presenting their works to the High-Level Committee in the first month, and thematic working groups shall be formed to carry out in-depth analysis.
Gross National Happiness Commission Secretariat will serve as the Secretariat for professional, technical and secretarial support to the National Taskforce and the High-Level Round Table Meeting.
6. How can I be involved in the formulation of the roadmap ?
In order to create awareness and ownership of Bhutan’s 21st Century Economic Roadmap, we will ensure that every citizen knows about this important document and is provided opportunities to contribute to it. We have various platforms that provide you an opportunity to share your views on challenges and potential solutions. You can participate in our stakeholder meetings, forums and seminars, and also send in your views through our website, email or social media platforms.