Current:Home > InvestVoters begin casting ballots in Bhutan, where an economic crisis looms large -Streamline Finance
Voters begin casting ballots in Bhutan, where an economic crisis looms large
View
Date:2025-04-12 10:08:42
THIMPHU, Bhutan (AP) — Voters in Bhutan, a landlocked country in the eastern Himalayan mountain range with a population of around 800,000 people, began casting their ballots Tuesday to elect a new Parliament, hoping the politicians make good on their promises to fix the nation’s economic crisis.
Some voters are expected to trek in freezing temperatures to reach the polls to elect a set of 47 parliamentarians who will form the next government. Results are likely to be announced later in the night.
The national elections are the fourth in Bhutan after it saw a transformation from a traditional monarchy to a parliamentary form of government in 2008. Ballots include only the People’s Democratic Party of former Prime Minister Tshering Tobgay, and the Bhutan Tendrel Party headed by former civil servant Pema Chewang. A primary round of voting in November eliminated three other parties.
Bhutan lies sandwiched between China and India, with both neighbors vying for influence in the country.
Bhutan’s severe economic crisis played a major role in campaigning. According to the World Bank, Bhutan grew at a rate of 1.7% over the past five years. With unemployment a chronic problem, an exodus of young people in search of higher education and jobs abroad is undermining the country’s economic potential.
In a bid to overcome the economic challenges, Bhutan’s King Jigme Khesar Namgyal Wangchuck announced in December plans for a megacity in Gelephu, a town on the border with the northeastern Indian state of Assam, that will have zero-carbon industries with foreign investment.
King Wangchuk said the city-building would be mindful of Bhutanese culture and tradition and will blend with the Himalayan ecosystem. He met with top Indian business leaders who are expected to invest in the project. Construction will take place in a specially administered zone in Bhutan that has investment-friendly laws.
___
Hussain reported from Guwahati, India.
veryGood! (994)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Alex Rodriguez's bid to become majority owner of Timberwolves falls through. Here's why
- Vulnerable veteran with dementia dies after body slam by Birmingham officer
- Paige DeSorbo Speaks Out After Boyfriend Craig Conover Called Breakup Very Probable
- Current, future North Carolina governor’s challenge of power
- Family of Boeing whistleblower John Barnett speaks out following his death
- College basketball coaches March Madness bonuses earned: Rick Barnes already at $1 million
- Ruby Franke’s Husband Kevin Reveals Alleged Rules He Had to Follow at Home
- Louvre will undergo expansion and restoration project, Macron says
- Non-shooting deaths involving Las Vegas police often receive less official scrutiny than shootings
Ranking
- The Daily Money: Spending more on holiday travel?
- Last coal-burning power plant in New England set to close in a win for environmentalists
- Biden administration restores threatened species protections dropped by Trump
- A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- April 8 total solar eclipse will be here before you know it. Don't wait to get your glasses.
- In 'Godzilla x Kong,' monsters team up while the giant ape gets a sidekick
- Biden New York City fundraiser with Obama and Clinton on hand is expected to bring in over $25 million
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
How to get rid of eye bags, according to dermatologists
Alex Murdaugh’s lawyers want to make public statements about stolen money. FBI says Murdaugh lied
This is Urban Outfitters' Best Extra 40% Off Sale Yet: $3 Cardigans, $18 Hoodies & More
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Harmony Montgomery case spurs bill to require defendants’ appearance in court
What you need to know about the 2024 Masters at Augusta National, how to watch
Black pastors see popular Easter services as an opportunity to rebuild in-person worship attendance