Democratic Republic of Timor-Leste: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of Timor-Leste

June 30, 2008

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Democratic Republic of Timor-Leste: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of Timor-Leste, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

Timor–Leste’s initial efforts to develop a stable and healthy economy have been interrupted by the civil unrest of the past two years. The security situation remains fragile and an economic burden. The key challenge remains how to manage the abundant petroleum revenue to alleviate near-term social problems and develop a sustainable non-oil economy. Growth has rebounded in 2007, although the civil unrest continues to undermine the economy. Inflation has risen sharply, but remains low relative to regional comparators. Access to financial services remains limited and credit growth has stalled.

Subject: Budget planning and preparation, Commodities, Currencies, Expenditure, Income, Money, National accounts, Oil, Public financial management (PFM)

Keywords: Asia and Pacific, Budget planning and preparation, Cash spending, CR, Currencies, ESF appropriation, Fund staff estimate, Global, Government, Income, ISCR, Oil, Revenue estimate, Staff appraisal, Timorese authorities

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/202
Stock No:

1TLSEA2008001
ISBN:

9781451837353
ISSN:

1934-7685

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