Democratic Republic of Timor-Leste: Staff Report for the 2004 Article IV Consultation

October 12, 2004

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Democratic Republic of Timor-Leste: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed December 25, 2024

Summary

The staff report for the 2004 Article IV Consultation on the Democratic Republic of Timor-Leste highlights economic developments and policies. Progress has been made in consolidating the new government’s administrative power and fostering a stable political environment, despite some early challenges. Despite progress in economic reconstruction, significant economic challenges remain. These challenges center on the strengthening of medium-term growth prospects to alleviate widespread poverty. Given the constraints of the current regime, prudent fiscal and wage policies will be essential to help avoid attrition in Timor-Leste’s external competitiveness.

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

Keywords: Budget planning and preparation, Capital spending, CR, Gas resource, Gas revenue, Government, ISCR, Oil, Policy, Power authority, Revenue, Timor-Leste authorities, U.S. dollar

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/321
Stock No:

1TLSEA0022004
ISBN:

9781451837285
ISSN:

1934-7685

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