Executive Board
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on the Democratic Republic of Timor-Leste:

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October 23, 2013
January 28, 2011
July 22, 2009
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Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 9 8.8
Consumer Prices 9.4 8
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Democratic Republic of Timor-Leste: Financial Position in the Fund


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Democratic Republic of Timor-Leste and the IMF
Updated April 11, 2014

Show all items sorted by date | Annual Meetings Speeches (6) | Article IV Staff Reports (8) | Finance & Development (2) | IMF Survey Online (1) | IMF Surveys (4) | News Briefs (3) | Poverty Reduction Strategy Paper (1) | Press Releases (12) | Public Information Notices (8) | Publications (12) | Speeches (3) | Statements at Donor Meetings (7) | Transcripts (2) | Views & Commentaries (1) | Other (1) 
Annual Meetings Speeches
October 12, 2012 -- Statement by the Hon. Emilia Pires, Governor of the World Bank Group for Democratic Republic of Timor-Leste
PDF File Size: 411Kb
September 23, 2011 -- Statement by the Hon. Emilia Pires, Governor of the World Bank Group and the IMF for Democratic Republic of Timor-Leste
PDF File Size: 483Kb
October 08, 2010 -- Statement by the Hon. Emilia Pires, Governor of the IMF and the World Bank Group for Democratic Republic of Timor-Leste
PDF File Size: 484Kb
October 06, 2009 -- Statement by the Hon. Emilia Pires, Governor of the World Bank Group and the IMF for Democratic Republic of Timor-Leste, at the Joint Annual Discussion
PDF File Size: 254Kb
October 13, 2008 -- Statement by the Hon. Emilia Pires, Governor of the World Bank Group for Democratic Republic of Timor-Leste, at the Joint Annual Discussion
PDF File Size: 122Kb
September 29, 2002 -- Statement by the Hon. Mari Bin Amude Alkatiri, Governor of the IMF for the Democratic Republic Of East Timor, at the Joint Annual Discussion of the Boards of Governors of the IMF and World Bank, September 29, 2002
PDF File Size: 144Kb
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Article IV Staff Reports
February 01, 2012 -- Democratic Republic of Timor-Leste: 2011 Article IV Consultation - Staff Report; Informational Annex; Debt Sustainability Analysis; and Public Information Notice
Series: Country Report No. 12/24
March 08, 2011 -- Democratic Republic of Timor-Leste: 2010 Article IV Consultation—Staff Report; Joint World Bank/IMF Debt Sustainability Analysis; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Timor-Leste
Series: Country Report No. 11/65
July 24, 2009 -- Democratic Republic of Timor-Leste: 2009 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of Timor-Leste
Series: Country Report No. 09/219
June 30, 2008 -- 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
Series: Country Report No. 08/202
February 28, 2007 -- Democratic Republic of Timor-Leste: 2006 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of Timor-Leste
Series: Country Report No. 07/79
July 25, 2005 -- Democratic Republic of Timor-Leste: 2005 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of Timor-Leste
Series: Country Report No. 05/245
October 12, 2004 -- Democratic Republic of Timor-Leste: 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of Timor-Leste
Series: Country Report No. 04/321
July 28, 2003 -- Democratic Republic of Timor Leste: 2003 Article IV Consultation--Staff Report; and Public Information Notice on the Executive Board Discussion for the Democratic Republic of Timor Leste
Series: Country Report No. 03/227
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Finance & Development
March 01, 2001 -- Finance & Development, March 2001 - How Will the Macroeconomy Be Managed in an Independent East Timor?: An East Timorese View
By Jose Ramos Horta and Emilia Pires, An independent East Timor will have a lean, cost-effective government that will seek to keep aggregate expenditures aligned with the economy's absorptive capacity.
March 01, 2001 -- Finance & Development, March 2001 - East Timor: Macroeconomic Management on the Road to Independence
By Luis M. Valdivieso and Alejandro Lopez-Mejia - East Timor's economy was seriously disrupted by widespread violence following the 1999 referendum in which its people voted for independence from Indonesia. With strong support from the international community, East Timor is reconstructing its economy and making the transition to managing it independently. What has been done so far to achieve these goals, and what additional challenges lie ahead?
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IMF Survey Online
October 21, 2008 -- IMF Survey: High Food, Fuel Prices a Threat Where Protection Limited
Inflation has been rising in the Pacific Islands on the back of strong increases in commodity prices. Although commodity prices have declined from recent peaks, food and fuel prices remain a concern in the islands as most have only limited social protection systems.
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IMF Surveys
May 09, 2005 -- IMF Survey:
Bernes to head IEO; De Rato meets Chirac; Israel, Panama, Yemen, and Lithuania; Book notes - Pietra Rivoli and Thomas L. Friedman; Capital inflows to South Africa; Peter Nicholl in Bosnia; Timor-Leste, Cambodia; HIV/AIDS and aid; ECOSOC meeting on MDGs. PDF File Size: 528Kb
August 05, 2002 -- IMF Survey:
Krueger on Argentina; Boorman on crises and institutions; Advisory report on Argentina; Central American regional initiatives; Southern African aid; Ortiz on emerging market crises; Caribbean offshore centers; shadow economies; East Timor; Rudi Dornbusch PDF File Size: 649Kb
June 10, 2002 -- IMF Survey:
World military spending; Independent East Timor; Pros and cons of tax incentives; Shoven on U.S. Social Security; Financial development and economic growth; North on institutions and growth. PDF File Size: 1076Kb
August 28, 2000 -- IMF Survey:
IMF Board discusses independent Evaluation Office; Jeffrey Frankel on intermediate exchange rates; East Timor economy rebuilds; Ronald McKinnon on long-term pegged exchange rates; and Malaysia: recovery and prospects. PDF File Size: 320Kb
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IMFC Statements
April 11, 2014 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 103Kb
October 12, 2013 -- IMFC Statement by the Honorable Alexandre Tombini, Governor, Central Bank of Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 227Kb
April 20, 2013 -- IMFC Statement Guido Mantega, Minister of Finance, Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 142Kb
October 13, 2012 -- IMFC Statement by Vittorio Umberto Grilli, Ministry of Economy and Finance, Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 588Kb
April 21, 2012 -- IMFC Statement by Vittorio Grilli, Vice-Minister, Ministry of Economy and Finance, Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 404Kb
September 24, 2011 -- IMFC Statement by Giulio Tremonti, Minister of Economy and Finance, Ministero dell'Economia e delle Finanze, Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 347Kb
April 16, 2011 -- IMFC Statement by the Honorable Giulio Tremonti Minister of Economy and Finance, and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 389Kb
October 09, 2010 -- IMFC Statement by the Honorable Giulio Tremonti Minister of Economy and Finance, and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 399Kb
April 24, 2010 -- IMFC Statement by the Honourable Giulio Tremonti Minister of Economy and Finance Ministero dell’Economia e delle Finanze Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 387Kb
October 04, 2009 -- IMFC Statement by the Honorable Giulio Tremonti Minister of Economy and Finance, and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 304Kb
April 25, 2009 -- IMFC Statement by Hon. Giulio Tremonti, Minister of Economy and Finance, Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 335Kb
October 11, 2008 -- IMFC Statement by the Honorable Giulio Tremonti, Minister of Economy and Finance, and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 297Kb
April 12, 2008 -- IMFC Statement by the Honorable Tommaso Padoa-Schioppa, Minister of Economy and Finance and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 202Kb
October 20, 2007 -- IMFC Statement by Tommaso Padoa-Schioppa, Minister of Economy and Finance, Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 218Kb
April 14, 2007 -- IMFC Statement by the Honorable Tommaso Padoa-Schioppa Minister of Economy and Finance and Governor of the IMF for Italy, Speaking on behalf of Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 328Kb
September 17, 2006 -- IMFC Statement by the Honorable Tommaso Padoa-Schioppa, Minister of Economy and Finance and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 552Kb
April 16, 2005 -- IMFC Statement by Honorable Domenico Siniscalco Minister of Economy and Finance and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 243Kb
October 02, 2004 -- IMFC Statement by the Honorable Domenico Siniscalco Minister of Economy and Finance and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 583Kb
April 24, 2004 -- IMFC Statement by the Honorable Giulio Tremonti, Minister of Economy and Finance and Governor of the IMF for Italy
On behalf of: Albania, Greece, Italy, Malta, Portugal, Republic of San Marino, Democratic Republic of Timor-Leste. PDF File Size: 583Kb
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News Briefs
July 23, 2002 -- News Brief: IMF Managing Director Welcomes East Timor's Membership
November 29, 2001 -- News Brief: IMF, World Bank, ADB and UNDP Sponsor Regional Conference in Hanoi on National Poverty Reduction Strategies
September 29, 1999 -- News Brief: IMF to Consider Early Assistance for East Timor, in Collaboration with World Bank, United Nations
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Other
November 30, 2000 -- East Timor -- Recent Developments and Macroeconomic Assessment
Presents an overview of recent developments and an assessment of macroeconomic conditions in East Timor as of mid November 2000
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Poverty Reduction Strategy Paper
October 20, 2003 -- Second East Asia and Pacific Regional Conference on Poverty Reduction Strategies Phnom Penh, Cambodia October 16-18, 2003
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Press Releases
November 07, 2013 -- Press Release: IMF Executive Board Concludes 2013 Article IV Consultation with Timor-Leste
September 25, 2013 -- Press Release: IMF-Timor Leste High-Level Conference Debates Harnessing Natural Resource Wealth for Inclusive Growth and Economic Development
September 09, 2013 -- Press Release: High-Level Conference "Harnessing Natural Resource Wealth for Inclusive Growth and Economic Development" in Timor-Leste
June 18, 2013 -- Press Release: IMF Mission Concludes 2013 Article IV Consultation Discussions with Timor-Leste
October 31, 2012 -- Press Release: The Democratic Republic of Timor-Leste Begins Participation in the IMF's General Data Dissemination System
June 16, 2009 -- Press Release: IMF Mission Concludes Article IV Consultation Discussions with Timor-Leste
April 30, 2008 -- Press Release: Statement of an IMF Staff Mission at the Conclusion of the 2008 Article IV Discussions with Timor-Leste
October 20, 2006 -- Press Release: Statement by IMF Staff at the Conclusion of the 2006 Article IV Consultation Discussions with the Democratic Republic of Timor-Leste
March 15, 2006 -- Press Release: Statement by IMF Staff at the Conclusion of the 2006 Article IV Consultation Discussions with the Democratic Republic of Timor-Leste
June 20, 2005 -- Press Release: IMF Executive Board Reviews the Democratic Republic of Timor-Leste's Poverty Reduction Strategy Paper and Joint IMF-World Bank Staff Advisory Note
July 23, 2002 -- Press Release: East Timor Joins the IMF
April 04, 2002 -- Press Release: East Timor Applies for IMF Membership
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Public Information Notices
February 01, 2012 -- Public Information Notice: IMF Executive Board Concludes 2011 Article IV Consultation with the Democratic Republic of Timor-Leste
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 08, 2011 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with the Democratic Republic of Timor-Leste
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 24, 2009 -- Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the Democratic Republic of Timor-Leste
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 30, 2008 -- Public Information Notice: IMF Executive Board Concludes Article IV Consultation with Democratic Republic of Timor-Leste
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
February 28, 2007 -- Public Information Notice: IMF Executive Board concludes 2006 Article IV Consultation with the Democratic Republic of Timor-Leste
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 20, 2005 -- Public Information Notice: IMF Executive Board Concludes 2005 Article IV Consultation with the Democratic Republic of Timor-Leste
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
October 12, 2004 -- Public Information Notice: IMF Concludes 2004 Article IV Consultation with the Democratic Republic of Timor-Leste
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 28, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with the Democratic Republic of Timor-Leste
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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Publications
December 02, 2013 -- Democratic Republic of Timor-Leste: 2013 Article IV Consultation
Series: Country Report No. 13/338
November 24, 2010 -- Timor-Leste: Report on Observance of Standards and Codes (ROSC)-Fiscal Transparency Module
Series: Country Report No. 10/340
November 24, 2010 -- Democratic Republic of Timor-Leste: Public Financial Management-Performance Report
Series: Country Report No. 10/341
July 24, 2009 -- Democratic Republic of Timor-Leste: Selected Issues
Series: Country Report No. 09/220
June 30, 2008 -- Democratic Republic of Timor-Leste: Selected Issues and Statistical Appendix
Series: Country Report No. 08/203
February 28, 2007 -- Democratic Republic of Timor-Leste: Selected Issues and Statistical Appendix
Series: Country Report No. 07/86
July 26, 2005 -- Democratic Republic of Timor-Leste: Poverty Reduction Strategy Paper - National Development Plan, Road Map for Implementation of National Development Plan, Overview of Sector Investment Programs - Strategies and Priorities for the Medium Term
Series: Country Report No. 05/247
July 25, 2005 -- Democratic Republic of Timor-Leste: Poverty Reduction Strategy Paper - Joint Staff Advisory Note
Series: Country Report No. 05/246
July 25, 2005 -- Democratic Republic of Timor-Leste: Selected Issues and Statistical Appendix
Series: Country Report No. 05/250
October 12, 2004 -- Democratic Republic of Timor-Leste: Statistical Appendix
Series: Country Report No. 04/320
July 28, 2003 -- Democratic Republic of Timor Leste: Selected Issues and Statistical Appendix
Series: Country Report No. 03/228
August 28, 2000 -- East Timor: Establishing the Foundations of Sound Macroeconomic Management
Author/Editor: Mendonca, Luis | Tareq, Shamsuddin | Valdivieso, Luis | López Mejía, Alejandro | Endo, Toshihide
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Speeches
October 16, 2003 -- Welcoming Remarks to the Second East Asia and Pacific Regional Conference on Poverty Reduction Strategies, David Burton, Director, Asia and Pacific Department, IMF
Given at a conference sponsored by The Asian Development Bank, the IMF, the United Nations Development Program, and the World Bank
September 24, 2000 -- Workshop on East Timor -- Remarks by Shigemitsu Sugisaki
Given at the Workshop on East Timor, 2000 Annual Meetings seminar program, Prague
September 24, 2000 -- The Bank and the Fund's Perspective -- Some Lessons of the First Year of Official Multilateral Cooperation and Assistance to Help Rebuild East Timor
Given by Luis Valdivieso in Prague
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Statements at Donor Meetings
December 09, 2002 -- Timor Leste -- Interim Donors' Meeting, IMF Staff Statement
May 14, 2002 -- Donors' Meeting on East Timor - Staff Statement by Stephen Schwartz, Deputy Division Chief, IMF Asia and Pacific Department
December 12, 2001 -- Statement by Stephen Schwartz, Deputy Division Chief, IMF Asia and Pacific Department, at a Donors' Meeting on East Timor
Statements by IMF representatives at meetings of bilateral and multilateral creditors and donors, convened to coordinate support for a country's adjustment and reform efforts.
June 15, 2001 -- Statement by Mr. Luis Valdivieso, Advisor, Asia & Pacific Department of the IMF at the donors conference for East Timor, Canberra, June 14-15, 2001
Statements by IMF representatives at meetings of bilateral and multilateral creditors and donors, convened to coordinate support for a country's adjustment and reform efforts.
December 05, 2000 -- Statement by Mr. Luis Valdivieso, Advisor, Asia & Pacific Department of the IMF at the donors conference for East Timor. Brussels, December 6, 2000
Statements by IMF representatives at meetings of bilateral and multilateral creditors and donors, convened to coordinate support for a country's adjustment and reform efforts.
June 22, 2000 -- Donors' Meeting on East Timor, June 2000
Statements by IMF representatives at meetings of bilateral and multilateral creditors and donors, convened to coordinate support for a country's adjustment and reform efforts.
December 17, 1999 -- Donors Meeting on East Timor, December 17, 1999
Statements by IMF representatives at meetings of bilateral and multilateral creditors and donors, convened to coordinate support for a country's adjustment and reform efforts.
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Transcripts
June 06, 2002 -- Transcript of Press Briefing By Thomas C. Dawson, Director, External Relations Department, IMF
The Board of Governors approved on May 30 the resolution with respect to membership for East Timor. East Timor's membership will become effective upon the authorities' signing of the Articles of Agreement, which is expected in the next month or so.
September 23, 1999 -- Transcript of a Press Conference by IMF Managing Director Michel Camdessus
Given on the eve of the 1999 Annual Meetings
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Views & Commentaries
April 26, 2000 -- East Timor Rises from the Ashes -- An Op-Ed
An Op-ed by Xanana Gusmao, Sven Sandstrom, Shigemitsu Sugisaki and Sergio Vieira de Mello