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Democratic Republic of Timor-Leste: 2010 Article IV Consultation—Staff Report; Joint World Bank/IMF Debt Sustainability Analysis; Staff Statement; Public Information Notice on the Executive Board Discussion[...]
After three years of double-digit expansion, economic growth is likely to slow to about 6 percent in 2010, mainly because adverse weather has slashed agricultural production. Timor-Leste should use its oil wealth wisely to build a strong, sustainable nonoil economy that would permanently reduce poverty and raise living standards. Therefore, a more-gradual-than-planned pace of spending increases is advisable. […]