Democratic Republic of Timor-Leste : Staff Report for the 2003 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

July 28, 2003

Electronic Access:

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Summary:

Owing to poor infrastructure, limited administrative capacity, and nascent institutions, Timor-Leste is one of the most underdeveloped countries in the world. During the turmoil, two-thirds of the physical infrastructure is estimated to have been destroyed. Executive Directors stressed that fiscal policy should bear the major burden of sustaining macroeconomic stability. The authorities' decisions to address poor management and bill collection through the introduction of an external management contract and the adoption of a prepaid meter system are welcomed. The development of a medium-term fiscal strategy is also encouraged.

Series:

Country Report No. 03/227

Subject:

English

Publication Date:

July 28, 2003

ISBN/ISSN:

9781451837254/1934-7685

Stock No:

1TLSEA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

46

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