Democratic Republic of Timor-Leste: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of Timor-Leste
International Monetary Fund, May 7, 2019 - Business & Economics - 80 pages
Notwithstanding impressive progress since independence in 2002, Timor-Leste remains a fragile post-conflict nation with weak human and institutional capacity and large infrastructure gaps. The main challenge facing Timor-Leste is to effectively manage its petroleum wealth to reduce public-sector dependence, diversify the non-oil economy, generate jobs for a young and rapidly-growing population, and raise living standards.
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annual Article IV consultation Asian Development Bank assessment average baseline scenario Baucau BCTL budget Cambodia Central Bank competitiveness compilation and dissemination ConocoPhillips Current account balance deficit diversification Domestic revenue donor projects economic employment Estimated Sustainable Income excess withdrawals exchange rate Expenditure exports external debt financial sector fiscal sustainability framework gas receipts global Global Competitiveness Index Growth In percent Headline Inflation IMF staff calculations implementation imports improve increase Indicators inflation infrastructure INTERNATIONAL MONETARY FUND labor participation rate labor productivity liabilities loans macroeconomic medium medium-term Memorandum items millions of U.S. Ministry of Finance Myanmar non-oil economy non-oil GDP growth oil and gas oil/gas ongoing PEFA percent of GDP percent of total Petroleum Fund PFM reform population previous DSA private investment public sector Real non-oil GDP reform scenario risk Sources statistics strategy strengthening Timor Gap Timor-Leste total GDP trade U.S. dollars World Bank