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

Author/Editor:

International Monetary Fund

Publication Date:

March 8, 2011

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. 11/65

Subject:

English

Publication Date:

March 8, 2011

ISBN/ISSN:

9781455219933/1934-7685

Stock No:

1TLSEA2011001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

71

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