Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste

International Monetary Fund

No 2021/152, IMF Staff Country Reports from International Monetary Fund

Abstract: 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, young institutions, and 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 and lack of good jobs and high youth unemployment are serious concerns.

Keywords: Timorese authorities; oil GDP; WTI crude; government coalition; private sector development; Oil; Debt sustainability analysis; Global (search for similar items in EconPapers)
Pages: 84
Date: 2021-07-14
New Economics Papers: this item is included in nep-isf and nep-mac
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