IMF Staff Country Reports

Democratic Republic of Timor-Leste : 2010 Article IV Consultation—Staff Report; Joint World Bank/IMF Debt Sustainability Analysis; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Timor-Leste

Author/Editor:

International Monetary Fund

Publication Date:

March 8, 2011

Electronic Access:

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Summary:

The Timorese economy has improved owing to high oil-financed public spending and a rebound in agriculture, non-oil growth. Despite high bank deposit growth, private sector credit has remained stagnant. The medium-term outlook for growth is positive. Timor-Leste’s key challenge remains to use its petroleum wealth wisely to build a strong non-oil economy and raise living standards. Improvements in financial management and budget execution will be important. Productivity-enhancing structural reforms and efforts to build labor skills would improve competitiveness in non-oil industries and services.

Series:

Country Report No. 11/65

Subject:

Article IV consultation reports Data quality assessment framework Dollarization Economic growth Economic indicators Fiscal policy Government expenditures Infrastructure Public information notices Public investment Republic of Estonia Social indicators Staff Reports Statistics