Democratic Republic of Timor-Leste: 2022 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, September 22, 2022
Source details
- Canonical URL
- Democratic Republic of Timor-Leste: 2022 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: September 22, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400219627.002
Summary and key findings
- Timor-Leste has made impressive strides in economic development and institution building.
- Timor-Leste remains a low-income and fragile country with pressing development needs.
- A large fraction of the population faces chronic food insecurity.
- Significant gaps exist in health, education, and infrastructure.
- Active oil fields are nearly depleted.
- Little progress has been made in diversification while fiscal sustainability is at high risk.
- Higher food and oil prices are fueling higher inflation.
- Inflation pressures are exacerbated by political spending pressures ahead of the general elections in 2023.
Thematic subjects and keywords
- Subject: Commodities, Debt sustainability analysis, Expenditure, External debt, International organization, Monetary policy, Oil, Public debt, Public financial management (PFM)
- Keywords: Debt sustainability analysis, Global, government expenditure rationalization, merchandise export, Oil, oil GDP, Timor-Leste authorities, WTI crude
Content in this bundle
- 1tlsea2022001