Democratic Republic of Timor-Leste: 2011 Article IV Consultation: Staff Report; Informational Annex; Debt Sustainability Analysis; and Public Information Notice
IMF Staff Country Reports, February 1, 2012
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- Democratic Republic of Timor-Leste: 2011 Article IV Consultation: Staff Report; Informational Annex; Debt Sustainability Analysis; and Public Information Notice
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Bibliographic details
- Published: February 1, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463941062.002
Progress in stabilization and reconstruction
- Timor-Leste has made substantial progress toward restoring stability and rebuilding the country after emerging from a long struggle for independence and internal conflicts between 1999 and 2006.
- The government has launched its Strategic Development Plan to step up development.
- New institutions have been established to manage large public investment programs.
Petroleum Fund and public investment management
- A well-managed Petroleum Fund is in place.
- Large public investment programs are being managed through newly established institutions.
Institutional capacity, human resources, and financial sector development
- Authorities need to further strengthen institutional capacities and develop human resources.
- Developing the financial sector and strengthening the credit culture are crucial for sustained growth in the private sector.
Subjects and keywords highlighted in the report
- Subjects: Commodities, Debt sustainability analysis, Expenditure, External debt, Inflation, Oil, Prices, Public debt
- Keywords: burden indicator, CR, creating flow, debt, Debt sustainability analysis, GDP deflator, Global, government spending, Inflation, ISCR, Oil, oil GDP, oil gross domestic product, Petroleum revenue, real GDP, rising government spending, Timor-Leste authorities