IMF Staff Country Reports

Democratic Republic of Timor-Leste: Staff Report for the 2004 Article IV Consultation

Publication Date:

October 12, 2004

Electronic Access:

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Summary:

The staff report for the 2004 Article IV Consultation on the Democratic Republic of Timor-Leste highlights economic developments and policies. Progress has been made in consolidating the new government’s administrative power and fostering a stable political environment, despite some early challenges. Despite progress in economic reconstruction, significant economic challenges remain. These challenges center on the strengthening of medium-term growth prospects to alleviate widespread poverty. Given the constraints of the current regime, prudent fiscal and wage policies will be essential to help avoid attrition in Timor-Leste’s external competitiveness.

Series:

Country Report No. 2004/321

Subject:

Budget planning and preparation Capital spending Commodities Expenditure Oil Public financial management (PFM) Revenue administration