Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste
IMF Staff Country Reports, July 14, 2021
Source details
- Canonical URL
- Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste
Other formats
Bibliographic details
- Published: July 14, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513593258.002
Summary and main challenges
- Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges.
- The nation has pressing development needs and young institutions.
- Timor-Leste is highly dependent on oil; oil revenues from active fields, which have been the main source of funding for government spending, are drying up.
- The non-oil private sector economy remains underdeveloped.
- Lack of good jobs and high youth unemployment are serious concerns.
Key findings and concerns (as stated)
- Oil revenues from active fields have been the main source of funding for government spending and are drying up.
- The non-oil private sector economy remains underdeveloped.
- Lack of good jobs and high youth unemployment are serious concerns.
- Pressing development needs and young institutions pose medium-term challenges.
Subject areas and keywords
- Subject: Commodities, Debt sustainability analysis, Expenditure, External debt, International organization, Monetary policy, Oil, Public debt
- Keywords: Debt sustainability analysis, Global, government coalition, Oil, oil GDP, private sector development, Timorese authorities, WTI crude
Content in this bundle
- 1tlsea2021001 — Real Sector Developments