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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

Published: March 8, 2011
Electronic Access: Free Full Text (PDF file size is 1,335KB)
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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.
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Series: Country Report No. 11/65
Subject(s): Article IV consultation reports | Data quality assessment framework | Dollarization | Economic growth | Economic indicators | Government expenditures | Infrastructure | Public investment | Staff Reports | Statistics
    Published:   March 8, 2011        
    ISBN/ISSN:   9781455219933/1934-7685   Format:   Paper
    Stock No:   1TLSEA2011001   Pages:   71
    Price:   US$18.00
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