Democratic Republic of Timor-Leste: Staff Report for the 2005 Article IV Consultation

July 25, 2005

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Democratic Republic of Timor-Leste: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This 2005 Article IV Consultation highlights that the economy of the Democratic Republic of Timor-Leste remains fragile. Cumulative growth over the last three years was near zero—mainly reflecting the drawdown in the presence of international agencies. Unemployment is high, 40 percent of the population lives below the poverty line, and social indicators are poor. At the same time, human capital remains scarce, physical infrastructure inadequate, and financing opportunities limited. The government is making good progress with the measures necessary to handle its new oil/gas wealth responsibly.

Subject: Budget planning and preparation, Capital spending, Commodities, Expenditure, Foreign aid, Oil, Public financial management (PFM)

Keywords: Asia and Pacific, Authorities' trademark, Budget planning and preparation, Capital spending, CR, East Asia, Expenditure prioritization, Gas revenue, Gas revenue inflow, Global, Government, Government savings, ISCR, Oil, Pacific Islands, Private sector enhancement, Revenue

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/245
Stock No:

1TLSEA2005001
ISBN:

9781451837292
ISSN:

1934-7685

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