Democratic Republic of Timor-Leste : Staff Report for the 2003 Article IV Consultation

1TLSEA0012003 Image
Price:  $15.00

Release Date: © July, 2003
ISBN : 978-1-45183-725-4
Stock #: 1TLSEA0012003
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes
PDFYes
ePubYes
MobipocketYes

Description

Owing to poor infrastructure, limited administrative capacity, and nascent institutions, Timor-Leste is one of the most underdeveloped countries in the world. During the turmoil, two-thirds of the physical infrastructure is estimated to have been destroyed. Executive Directors stressed that fiscal policy should bear the major burden of sustaining macroeconomic stability. The authorities' decisions to address poor management and bill collection through the introduction of an external management contract and the adoption of a prepaid meter system are welcomed. The development of a medium-term fiscal strategy is also encouraged.




More publications in this series: IMF Staff Country Reports