International Monetary Fund

Please send us your feedback

Harnessing Natural Resource Wealth for Inclusive Growth and Economic Development

Dili, Timor Leste, September 17-19, 2013

A High-Level Conference Jointly Organized by the IMF and the Government of Timor Leste (TLS) in Collaboration with the Asian Development Bank, the World Bank Group, Japan International Cooperation Agency (JICA), Dili, Timor-Leste.

The conference "Harnessing Natural Resource Wealth for Inclusive Growth and Economic Development" will focus on policies for sustainable and inclusive economic growth in natural resource rich countries. Key issues include ways to strengthen the macro-fiscal framework and strategies for economic diversification. The conference will include regional and global perspectives with representatives from a number of diverse resource-rich countries in Asia and the Pacific, as well as Africa and the Caribbean sharing the lessons from their experiences. The event will conclude with a high-level Policy Round Table Discussion.

Harnessing Natural Resource Wealth for Inclusive Growth and Economic Development
Tuesday, September 17, 2013
Venue: Palacio Nobre - Lahane

Session 1

7:00 p.m. to 9.30 p.m.

Welcome Dinner


Greetings: H.E. Taur Matan Ruak, President, Democratic Republic of Timor-Leste

Wednesday, September 18, 2013
Ministry of Foreign Affairs Conference Center

Session 2

9.00 a.m. to 10.00 a.m.

Keynote Session



H.E. Emilia Pires, Minister of Finance

H.E. Kay Rala Xanana Gusmao, Prime Minister, Democratic Republic of Timor-Leste

Mr. Anoop Singh, Director of Asia and Pacific Department, International Monetary Fund (IMF) Keynote Speech

Ms. Noeleen Heyzer, Under Secretary-General of the United Nations and UN Secretary General Special Adviser for Timor-Leste (video)

Professor Jeffrey D. Sachs, Earth Institute, Columbia University (video)

Session 3

10.00 a.m. to 10.30 a.m.

Management of Natural Resource Wealth in Timor-Leste: The Way Forward


Minister of Petroleum and Natural Resources, Mr. Alfredo Pires

Session 4

10.30 a.m. to 11.15 a.m.

The Macro-Fiscal Nexus


Moderator: Mr. Hoe Ee Khor, IMF

Mr. Neil Saker, IMF

Mr. Alun Thomas, IMF

Professor Yoshitaka Hosoi, Japan International Cooperation Agency (JICA)


Coffee Break
11.15 a.m. to 11.30 a.m.

Session 5

11.30 a.m. to 12:15 p.m.

Promoting Diversification - Financial Sector Development

Moderator: Ms. Nur Aini Djafar Alkatiri, Deputy Governor, Banco Central de Timor-Leste

Mr. Scott Roger, Project Coordinator, Pacific Financial and Technical Assistance Centre

Mr. Gae Kauzi, Assistant Governor, Bank of Papua New Guinea

Mr. Glenn Maguire, Chief Economist for Asia Pacific, ANZ Bank


Session 6

12:15 p.m. to 1:30 p.m.

Promoting Diversification - Private Sector Development

Moderator: Dr. Hafiz Pasha, Advisor to the Minister of Finance, RDTL

Mr. Changyong Rhee, Chief Economist, Asian Development Bank (ADB)


Mr. Frederico Gil Sander, World Bank Group (WBG)


Professor Tan Kim Song, Singapore Management University

Ms. Kathleen Goncalves, Timor-Leste Chamber of Commerce and Industry



1:30 p.m. to 2:30 p.m.

Mr. Alfredo Pires, Minister of Petroleum and Natural Resources

Session 7

2.30 p.m. to 3.30 p.m

Promoting Diversification (continued)

Moderator: Mr. Changyong Rhee, Chief Economist, ADB

Mr. Hafiz Pasha, Adviser to the Minister of Finance, RDTL

Mr. Ndiame Diop, WBG


Mr. Gavin Murray, WBG

Mr. Xianbin Yao, ADB


Coffee Break
3.30 p.m. to 3.45 p.m.

Session 8

3.45 p.m. to 5.15 p.m

Country Experiences and Lessons Learned—Macro-Fiscal issues

Moderator: Mr. Joao Saldanha, Advisor, Ministry of Finance, Timor-Leste

Mr. Jan Rielaender, OECD Development Centre

Mr. Tserenpuntsag Batbold, United National Secretariat on Mongolia

Mr. Ewart Williams, former Governor of the Central Bank of Trinidad & Tobago

Open discussion by Country Representatives and Q&A

Session 9

5.30 p.m. to 6.30 p.m.

Informal session by country participants to discuss key conclusions

Preparation of material for session 10 – the Policy Round Table

Timor Hotel

Dinner: Timor Hotel
7.30 p.m. to 9.30 p.m.
Co-Hosted by Minister Emilia Pires and Mr. Anoop Singh, IMF

Remarks: Mr. Xianbin Yao, ADB;

Mr. Ndiame Diop, WBG;

Mr. Hiroto Arakawa, JICA

Professor Paul Collier, Oxford University (video)

Thursday, September 19, 2013

Session 10

9.00 a.m. to 10.30 a.m.

Country Experiences and Lessons Learned—Diversification Issues

Moderator: Mr. Hiroto Arakawa, JICA

Dr. Al Ismaily, Chairman, Investment Promotion and Export Development Authority, Oman

Mr. Surong Bulakul, Chief Financial Officer, PTT Public Company Ltd, Thailand

Mr. Rizwan Rahuman, Bank Negara Malaysia

Ms. Megumi Muto, Deputy Director General, Southeast and Pacific Department, JICA

Open discussion by country representatives and Q&A

Session 11

10.30 a.m. to 11.30 a.m.

Policy Round Table

Moderator: Mr. Anoop Singh, IMF

Country participants

Session 12

11.30 a.m. to Noon

Final Remarks

H.E. Emilia Pires, Minister of Finance

Mr. Anoop Singh, IMF