## 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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2021/07/14/timor-leste-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-462155/index.md)
- [Structured JSON version](/en/publications/cr/issues/2021/07/14/timor-leste-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-462155/index.json)
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## Bibliographic details
- Published: July 14, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513593258.002

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### 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

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## Content in this bundle

- **1tlsea2021001 — Real Sector Developments**
  - [1tlsea2021001 — Real Sector Developments (Markdown version)](/-/media/files/publications/cr/2021/english/1tlsea2021001.pdf.md){rel="alternate" type="text/markdown"}
  - [1tlsea2021001 — Real Sector Developments (PDF)](/-/media/files/publications/cr/2021/english/1tlsea2021001.pdf){rel="external" type="application/pdf"}

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_Source: 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_