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
Electronic Access:
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Summary:
The Timorese economy has improved owing to high oil-financed public spending and a rebound in agriculture, non-oil growth. Despite high bank deposit growth, private sector credit has remained stagnant. The medium-term outlook for growth is positive. Timor-Leste’s key challenge remains to use its petroleum wealth wisely to build a strong non-oil economy and raise living standards. Improvements in financial management and budget execution will be important. Productivity-enhancing structural reforms and efforts to build labor skills would improve competitiveness in non-oil industries and services.
Series:
Country Report No. 2011/065
Subject:
Capital spending Commodities Expenditure Oil Oil prices Prices Public debt
English
Publication Date:
March 8, 2011
ISBN/ISSN:
9781455219933/1934-7685
Stock No:
1TLSEA2011001
Pages:
71
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