{
  "title": "Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste",
  "publication": "IMF Staff Country Reports, July 14, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/07/14/timor-leste-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-462155",
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  "summary": "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, young institutions, and is highly dependent on oil.",
  "sections": [
    {
      "heading": "Summary and main challenges",
      "content": "- Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges.\n- The nation has pressing development needs and young institutions.\n- 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.\n- The non-oil private sector economy remains underdeveloped.\n- Lack of good jobs and high youth unemployment are serious concerns."
    },
    {
      "heading": "Key findings and concerns (as stated)",
      "content": "- Oil revenues from active fields have been the main source of funding for government spending and are drying up.\n- The non-oil private sector economy remains underdeveloped.\n- Lack of good jobs and high youth unemployment are serious concerns.\n- Pressing development needs and young institutions pose medium-term challenges."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Commodities, Debt sustainability analysis, Expenditure, External debt, International organization, Monetary policy, Oil, Public debt\n- Keywords: Debt sustainability analysis, Global, government coalition, Oil, oil GDP, private sector development, Timorese authorities, WTI crude\n\n---\n\n Content in this bundle\n\n- 1tlsea2021001 — Real Sector Developments\n  - 1tlsea2021001 — Real Sector Developments (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1tlsea2021001 — Real Sector Developments (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 14, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513593258.002",
    "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.",
    "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: 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",
    "**1tlsea2021001 — Real Sector Developments**"
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