Berliner Boersenzeitung - Bhutan's Tobgay, environmental advocate facing economic headwinds

EUR -
AED 4.233412
AFN 75.493281
ALL 93.476873
AMD 423.012424
AOA 1058.078854
ARS 1724.84304
AUD 1.637146
AWG 2.074665
AZN 1.9613
BAM 1.957195
BBD 2.320614
BDT 142.631679
BHD 0.434585
BIF 3450.283135
BMD 1.152592
BND 1.478454
BOB 13.993612
BRL 5.923142
BSD 1.152201
BTN 109.959957
BWP 15.66817
BYN 3.395921
BYR 22590.796538
BZD 2.317352
CAD 1.62202
CDF 2604.856784
CHF 0.933478
CLF 0.026717
CLP 1054.90939
CNY 7.784085
CNH 7.778005
COP 3695.289544
CRC 522.463388
CUC 1.152592
CUP 30.543679
CVE 110.821967
CZK 24.174802
DJF 204.839013
DKK 7.475214
DOP 67.309719
DZD 153.225447
EGP 57.834277
ERN 17.288875
ETB 184.242088
FJD 2.549475
FKP 0.857957
GBP 0.857355
GEL 3.014012
GGP 0.857957
GHS 13.502625
GIP 0.857957
GMD 85.292198
GNF 10125.518143
GTQ 8.788265
GYD 241.218821
HKD 9.04041
HNL 30.958679
HRK 7.534952
HTG 150.646086
HUF 361.27813
IDR 20702.851399
ILS 3.471399
IMP 0.857957
INR 109.608412
IQD 1509.895075
IRR 1584957.60632
ISK 141.80319
JEP 0.857957
JMD 182.179872
JOD 0.817187
JPY 181.67259
KES 149.141517
KGS 100.79462
KHR 4667.996734
KMF 493.309394
KRW 1646.00506
KWD 0.356499
KYD 0.960164
KZT 542.785168
LAK 26048.57164
LBP 103214.582979
LKR 386.855782
LRD 208.936033
LSL 19.052185
LTL 3.403304
LVL 0.697191
LYD 7.33626
MAD 10.744475
MDL 20.168941
MGA 4950.381183
MKD 61.573895
MMK 2420.05814
MNT 4131.233505
MOP 9.308534
MRU 46.230476
MUR 53.594212
MVR 17.818945
MWK 2002.051424
MXN 19.906036
MYR 4.721703
MZN 73.650705
NAD 19.051931
NGN 1571.305274
NIO 42.400226
NOK 11.00657
NPR 175.938423
NZD 1.956749
OMR 0.443186
PAB 1.152221
PEN 3.912473
PGK 5.09395
PHP 70.316161
PKR 320.218844
PLN 4.297288
PYG 6869.927239
QAR 4.202061
RON 5.250283
RSD 117.347682
RUB 92.924497
RWF 1692.004557
SAR 4.315567
SBD 9.302748
SCR 15.433387
SDG 692.133809
SEK 10.981069
SGD 1.477876
SLE 28.181113
SOS 658.46941
SRD 43.67285
STD 23856.320291
STN 24.89598
SVC 10.082187
SZL 19.052529
THB 38.341538
TJS 10.634743
TMT 4.034071
TND 3.389771
TRY 54.80355
TTD 7.822577
TWD 37.357224
TZS 3060.128502
UAH 51.521028
UGX 4315.001205
USD 1.152592
UYU 46.423296
UZS 13847.236438
VES 848.482424
VND 30271.091065
VUV 137.324159
WST 3.149129
XAF 656.424953
XAG 0.019291
XAU 0.000282
XCD 3.114936
XCG 2.07658
XDR 0.817312
XOF 654.099666
XPF 119.331742
YER 274.773117
ZAR 18.891666
ZMK 10374.708657
ZMW 21.802137
ZWL 371.134044
  • RYCEF

    0.1500

    20.35

    +0.74%

  • CMSC

    0.0300

    21.79

    +0.14%

  • NGG

    0.5700

    80.43

    +0.71%

  • GSK

    0.0650

    51.575

    +0.13%

  • RBGPF

    3.9500

    69.95

    +5.65%

  • BCC

    4.8050

    87.835

    +5.47%

  • AZN

    -2.2500

    155.72

    -1.44%

  • VOD

    0.0850

    15.695

    +0.54%

  • RELX

    0.6450

    36.805

    +1.75%

  • CMSD

    0.0700

    22.09

    +0.32%

  • JRI

    -0.0700

    12.75

    -0.55%

  • BCE

    0.1250

    21.915

    +0.57%

  • RIO

    3.3000

    99.2

    +3.33%

  • BP

    -1.7150

    42.545

    -4.03%

  • BTI

    -0.4100

    59.15

    -0.69%

Bhutan's Tobgay, environmental advocate facing economic headwinds
Bhutan's Tobgay, environmental advocate facing economic headwinds / Photo: TIMOTHY A. CLARY - AFP

Bhutan's Tobgay, environmental advocate facing economic headwinds

The man set to become Bhutan's new prime minister is a passionate environmental advocate and sportsman, a veteran politician in a mountain kingdom where parliamentary democracy is still young.

Text size:

Tshering Tobgay, who is expected to become premier for a second time after his party won nearly two-thirds of seats in elections on Tuesday, served as prime minister from 2013 to 2018.

The 58-year-old former civil servant, who holds degrees from the University of Pittsburgh and Harvard, was leader of the opposition in Bhutan's first parliament when it was established in 2008.

Head of the liberal People's Democratic Party (PDP), Tobgay fielded a heavyweight team that included several former ministers and lawmakers to win 30 of 47 seats in Tuesday's election, Bhutanese media reported.

Usually dressed in the Himalayan nation's traditional colourful "gho" clothes, a striped knee-length robe, he is an ardent backer of the country's constitutionally enshrined policy of "Gross National Happiness".

The policy, launched by the previous king in the 1970s, is based on four pillars: governance, socio-economic development, preserving culture and protecting the environment.

In a TED talk Tobgay called the policy a "pioneering vision that aims to improve the happiness and well-being" of citizens.

He argued that while economic growth is important, it "must not come from undermining our unique culture or our pristine environment".

But he also acknowledged it is a policy that is "easier said than done, especially when you are one of the smallest economies in the world".

- 'Strengthen our economy' -

For Bhutan, a country of about 800,000 people sandwiched between the world's two most populous nations India and China, the challenges are many.

They include rural poverty, high youth unemployment and brain drain abroad.

"We must strengthen our economy not only to retain our valuable human resources at home but also entice those who have migrated overseas to return and actively participate in nation-building," Tobgay pledged in his election manifesto.

He has promised to boost ties with India, including by developing rail links with his country's giant southern neighbour.

More than two-thirds of landlocked Bhutan is covered in forest, and the country boasts of being among a handful of carbon-negative countries, a source of pride for Tobgay.

An advocate of conservation policies and efforts to protect biodiversity, Tobgay has warned of the dangers caused by fast-melting Himalayan glaciers as global temperatures rise.

He is also clear-eyed about the problems his nation faces.

"Bhutan is a small country in the Himalayas, we've been called Shangri-La... but let me tell you right off the bat, we are not," he said in the TED talk in 2016.

"My country is not one big monastery populated with happy monks... the reality is that we are a small, underdeveloped country doing our best to survive."

Married with two children, Tobgay is a keen sportsman, enjoying yoga and hiking in his country's mountains.

He is also passionate about the national sport, archery, as well as cycling, and has competed in the country's tough 266-kilometre (165 mile) one-day "Tour of the Dragon" mountain bike race.

(K.Müller--BBZ)