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International Monetary Fund. Asia and Pacific Dept
The pandemic has had a substantial impact on the economy, straining pre-pandemic gains in income and poverty reduction. The wide-ranging policy measures, including containment protocols, rapid vaccination and booster campaigns, direct income support, and policy support for borrowers and businesses, mitigated the adverse impact on lives and well-being. As the pandemic recedes and in light of the uncertainties from the war in Ukraine, the focus needs to be on securing livelihoods and ensuring strong and job-rich medium-term growth, while minimizing any persistent adverse effects from the pandemic and mitigating risks.
International Monetary Fund. Asia and Pacific Dept

aligned with the ECB guidelines 2019 and the foreign currency operational expenses requirement of FDI companies was aligned with the FDI Investment Rules and Regulations 2019. New provision was also included to streamline FC account operations held by local NGOs and CSOs. Finally, Bhutan has launched Incentive on Inward Remittance Pilot Project 3 to promote inward remittance, through which the RMA i) facilitated 1 percent incentive amount on every converted convertible currency remitted to Bhutan by non-resident Bhutanese (NRB);and 2) support authorized banks and