Democratic Republic Of Timor–Leste : Staff Report for the 2006 Article IV Consultation

1TLSEA2007001 Image
Price:  $18.00

Release Date: © February, 2007
ISBN : 978-1-45183-733-9
Stock #: 1TLSEA2007001
English
Stock Status: On back-order

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Description

Timor-Leste had made good progress in establishing the basis for a stable and healthy economy prior to the civil unrest in 2006, although it remains one of the poorest countries in the world. This 2006 Article IV Consultation highlights that real non-oil GDP growth turned positive in 2004–05 after contracting for two years. Macroeconomic stability was achieved through the early adoption and maintenance of prudent fiscal and monetary policies. The authorities have maintained a policy of avoiding domestic or external borrowing, hence there is no public sector debt.




More publications in this series: IMF Staff Country Reports