Country Focus 5 of 10
Country Focus Institution Economy & Banking Polity & Governance

Bhutan in the IMF and World Bank, and its WTO accession working party

Bhutan became a member of the IMF in 1981, according to its Ministry of Foreign Affairs and External Trade.
It became a member of the World Bank (IBRD and IDA) in 1981. The ministry notes the IBRD Articles of Agreement require countries to join the IMF to become a member of the World Bank Group.
Bhutan became a member of the ADB, UNESCO and the WHO in 1982.
Bhutan is not a WTO member: the WTO lists it among ongoing accessions, and its accession Working Party was established on 6 October 1999.

IMF membership: 1981 World Bank membership: 1981 WTO accession Working Party established: 6 October 1999
Why it matters for exams: Memberships of international financial bodies and the WTO accession status of South Asian states are common questions.
Kerala PSCUPSC

In plain words

IBRD International Bank for Reconstruction and Development — The World Bank institution whose Articles of Agreement require IMF membership.

Accession Working Party WTO accession working party — The WTO body that examines an applicant's trade regime before it can join.

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