| Description |
1 online resource : color illustrations |
| Series |
IMF country report ; no. 08/202 |
|
IMF country report ; no. 08/202.
|
| Contents |
Cover; Contents; Executive Summary; I. Introduction ; II. The Economic Setting; Boxes; 1. Oil/Gas Sector Policy; III. Policy Discussions; 2. Oil/Gas Sector Outlook; A. How to Accelerate Growth and Reduce Poverty?; 3. Exchange Rate Assessment; 4. Tax Reform; B. How Much Should the Government Spend to Promote Growth Without Risking Stability?; C. Is the Current Exchange Rate Regime and Level Appropriate?; D. How Best to Promote Financial Intermediation?; E. Other Issues; IV. Staff Appraisal; Figures; 1. Regional and Global Comparisons; 2. Recent Macroeconomic Developments |
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3. Medium-Term Baseline ScenarioTables; 1. Selected Social Indicators; 2. Selected Economic Indicators, 2003-08; 3. Central Government Budget, FY2004/05-2008; 4. SIPs Combined Sources Budget, FY2004/05-2008; 5. Balance of Payments, 2003-08; 6. Monetary Developments, 2002-08; 7. Medium-Term Outlook, 2006-13; 8. Vulnerability Indicators, 2001-07; Contents; I. Fund Relations; II. Relations with the World Bank Group; III. Relations with the Asian Development Bank; IV. Statistical Issues |
| Summary |
1. Timor-Leste's initial efforts to develop a stable and healthy economy were interrupted by the civil unrest of the past two years. Following independence in 2002, the early adoption of prudent fiscal and monetary policies contributed to low inflation and accelerating economic growth, while the onset of oil/gas revenue inflows brightened the economic outlook. However, the domestic violence that first erupted in April 2006 brought about economic contraction and diminished prospects. 1 Although the economy has now partially rebounded, non-oil GDP per capita remains below 2002 levels and the country is the least developed in the region. Progress toward the country's development objectives, including the Millennium Development Goals, has been limited. 2 That said, Timor-Leste's large petroleum wealth, if effectively harnessed, still offers the potential for a prosperous future |
| Notes |
Cover title |
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"Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year"--Cover |
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"June 2008." |
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Print version record |
| Subject |
International Monetary Fund -- Timor-Leste
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Economic development -- Timor-Leste
|
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Poverty -- Timor-Leste
|
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Government spending policy -- Timor-Leste
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Foreign exchange rates -- Timor-Leste
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Intermediation (Finance) -- Timor-Leste
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Economic development
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Economic history
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Economic policy
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Foreign exchange rates
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Government spending policy
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Intermediation (Finance)
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Poverty
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| SUBJECT |
Timor-Leste -- Economic conditions
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Timor-Leste -- Economic policy
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| Subject |
Timor-Leste
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| Form |
Electronic book
|
| Author |
International Monetary Fund, issuing body.
|
| ISBN |
1283568551 |
|
9781283568555 |
|
9781451992168 |
|
1451992165 |
|
