The Diamond Strategy
“An important thing for the people to understand is that we are pursuing “One Country, Two Systems” by establishing the GMC as a Special Administrative Region (SAR). However, we do not intend to maintain the “two systems” forever. Ultimately, they must converge into “One Country, One System.” The innovations emerging from the GMC must be mirrored across the rest of Bhutan for the nation to succeed as a whole. But this convergence will only succeed if we implement parallel reforms throughout the country- strengthening democracy, aligning the bureaucracy with future needs, improving laws, and reforming the education system to empower our people.”
– His Majesty The King
The adoption of full IFRS would further enhance the quality and comparability of financial information globally, and boost investors’ economic efficiency. In order to assess the readiness of stakeholders, AASBB has developed a survey questionnaire to conduct preliminary analysis and plan for the adoption of full IFRS (IFRS as it is). In this regard, all the stakeholders are requested to complete the survey by July 31, 2025. Please click the link below for the questionnaire.