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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2003. "Democratic Republic of Timor-Leste: Staff Report for the 2003 Article IV Consultation," IMF Staff Country Reports 2003/227, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/227
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16757
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    Cited by:

    1. Robert M Stern, 2009. "Trade in Financial Services--Has the IMF Been Involved Constructively?," Working Papers 587, Research Seminar in International Economics, University of Michigan.

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