Tag: development

Bhutan rejoices over birth of crown prince

The King and Queen of Bhutan have released the first official picture of their baby son who was born last Friday.

In an image posted to Facebook, King Jigme Khesar Namgyel Wangchuck, 35, and Queen Jetsun Pema, 25, can be seen gazing adoringly at the new arrival who is swaddled in a vibrant yellow blanket as they sit in the grounds of Lingkana Palace in the Bhtanese capital Thimphu.

But it was the King’s father, who is known as His Majesty the Fourth Druk Gyalpo, who was given the honour of holding the new baby as he was officially introduced to the world.

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King Jigme Khesar Namgyel Wangchuck, 35, (left) and Queen Jetsun Pema, 25, of Bhutan gaze adoringly at their newborn son in the grounds of Lingkana Palace in the Bhutanese capital Thimphu. The baby’s grandfather, the former King of Bhutan (centre) was given the honour of holding the baby whose name has not yet been revealed

The former King of Bhutan cradled the baby – whose name has not yet been announced – in the crook of his right arm, while placing an affectionate hand around his daughter-in-law’s shoulder. Continue reading Bhutan rejoices over birth of crown prince

Getting Smart on Aid

May 18, 2011 By 

One cost of the uproar over Greg Mortenson, and the allegations that he fictionalized his school-building story in the best-selling book “Three Cups of Tea,” is likely to be cynicism about whether aid makes a difference.

But there are also deeper questions about how best to make an impact — even about how to do something as simple as get more kids in school. Mortenson and a number of other education organizations mostly build schools. That seems pretty straightforward. If we want to get more kids in school around the world, what could make more sense than building schools?

How about deworming kids?

But, first, a digression: a paean to economists.

When I was in college, I majored in political science. But if I were going through college today, I’d major in economics. It possesses a rigor that other fields in the social sciences don’t — and often greater relevance as well. That’s why economists are shaping national debates about everything from health care to poverty, while political scientists often seem increasingly theoretical and irrelevant. Continue reading Getting Smart on Aid

World Bank warns Bhutan of vulnerability

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