Current:Home > StocksVoters begin casting ballots in Bhutan, where an economic crisis looms large -WealthTrack
Voters begin casting ballots in Bhutan, where an economic crisis looms large
View
Date:2025-04-14 00:50:44
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! (4842)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- U.N. says most Libya flooding deaths could have been avoided, as officials warn the toll could still soar
- Hurricane Lee livestreams: Watch live webcams on Cape Cod as storm approaches New England
- 90 Day Fiancé's Yara Zaya Breaks Down in Tears Over Her Body Insecurities
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Judge temporarily halts trial in New York's fraud lawsuit against Trump
- 'Learning stage:' Vikings off to disappointing 0-2 start after loss to Eagles
- 6 people accused of torturing, killing woman lured into religious group
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- A deputy fatally shot a dentist who fired gunshots outside a strip club, officials say
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Judge temporarily halts trial in New York's fraud lawsuit against Trump
- Afghan NGO says it’s working with the UN for the quick release of 18 staff detained by the Taliban
- A New Mexico man was fatally shot by police at the wrong house. Now, his family is suing
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- 2023 Maui Invitational will be moved to Honolulu, keeping tournament in Hawaii
- Tearful Drew Barrymore Issues Apology for Talk Show Return Amid Strike
- Oops! I called my boss 'dude.' Career coaches weigh in on tricky workplace dilemmas
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Huluween and Disney+’s Hallowstream Will Get Every Witch Ready for the Spooky Season With These Premieres
Colorado mountain tied to massacre renamed Mount Blue Sky
Joe Manganiello Steps Out With Actress Caitlin O’Connor 2 Months After Sofía Vergara Breakup
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
At the request of Baghdad, UN will end in 1 year its probe of Islamic State extremists in Iraq
Jail monitor says staffing crisis at root of Pennsylvania murderer's escape
Rep. Adam Smith calls GOP-led impeachment inquiry against Biden a ridiculous step - The Takeout