Democratic Republic Of Timor–Leste: Staff Report for the 2006 Article IV Consultation
IMF Staff Country Reports, February 28, 2007
Source details
- Canonical URL
- Democratic Republic Of Timor–Leste: Staff Report for the 2006 Article IV Consultation
Other formats
Bibliographic details
- Published: February 28, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451837339.002
Overview
- Timor-Leste had made good progress in establishing the basis for a stable and healthy economy prior to the civil unrest in 2006, although it remains one of the poorest countries in the world.
- The report is the 2006 Article IV Consultation staff report summarizing macroeconomic developments and policies.
Macroeconomic performance
- Real non-oil GDP growth turned positive in 2004–05 after contracting for two years.
- Macroeconomic stability was achieved through the early adoption and maintenance of prudent fiscal and monetary policies.
Fiscal and monetary policy stance
- Authorities maintained a policy of avoiding domestic or external borrowing.
- As a result, there is no public sector debt.
Subjects and keywords (as listed)
- Subjects: Budget planning and preparation, Capital spending, Commodities, Currencies, Expenditure, Money, Oil, Public financial management (PFM)
- Keywords: Asia and Pacific, Budget planning and preparation, Capital spending, CR, Currencies, fund, gas resource, gas revenue, GDP, Global, government, ISCR, Oil, private sector, resource curse, revenue, saving policy, Sub-Saharan Africa, Timor-Leste economy