Current:Home > FinanceVoters begin casting ballots in Bhutan, where an economic crisis looms large -Summit Capital Strategies
Voters begin casting ballots in Bhutan, where an economic crisis looms large
View
Date:2025-04-13 17:19:10
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! (4619)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Toby Keith dies at 62 from stomach cancer: Bobby Bones, Stephen Baldwin, more pay tribute
- Ex-NFL quarterback Favre must finish repaying misspent welfare money, Mississippi auditor says
- Senegal's President Macky Sall postpones national election indefinitely
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Family of Black girls handcuffed by Colorado police, held at gunpoint reach $1.9 million settlement
- Brawl between migrants and police in New York’s Times Square touches off backlash
- Jennifer Beals was in 'heaven' shooting T-Mobile's 'Flashdance' Super Bowl commercial
- What to watch: O Jolie night
- Super Bowl 2024 commercials will have brands betting big on celebrity appeal and comebacks
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- Toby Keith Dead at 62: Carrie Underwood, Jason Aldean and More Pay Tribute
- Travis Kelce Reveals What He Told Taylor Swift After Grammys Win—and It’s Sweeter Than Fiction
- Tennessee governor pitches school voucher expansion as state revenues stagnate
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Nikki Haley asks for Secret Service protection
- Fake and graphic images of Taylor Swift started with AI challenge
- Toby Keith Dead at 62: Carrie Underwood, Jason Aldean and More Pay Tribute
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Jam Master Jay dabbled in drug sales ‘to make ends meet,’ witness testifies
What's the right way to ask your parents for money?
Taylor Swift drops track list for new album, including two collaborations
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
'The economy is different now': Parents pay grown-up kids' bills with retirement savings
Snapchat parent company to lay off 10% of workforce in latest job cuts to hit tech industry
Sailor missing more than 2 weeks arrives in Hawaii, Coast Guard says