Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste

July 14, 2021

Preview Citation

Format: Chicago

Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste, (USA: International Monetary Fund, 2021) accessed December 25, 2024

Summary

Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil revenues from active fields, which have been the main source of funding for government spending, are drying up. The non-oil private sector economy remains underdeveloped and lack of good jobs and high youth unemployment are serious concerns.

Subject: Commodities, Debt sustainability analysis, Expenditure, External debt, International organization, Monetary policy, Oil, Public debt

Keywords: Debt sustainability analysis, Global, Government coalition, Oil, Oil GDP, Private sector development, Timorese authorities, WTI crude

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/152
Stock No:

1TLSEA2021001
ISBN:

9781513593258
ISSN:

1934-7685

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