This 2009 Article IV Consultation on Timor-Leste highlights that the Timorese economy has posted high economic growth over the past two years, driven by rapid increases in government spending and a recovery in agriculture from a 2007 drought. Central government spending rose sharply in 2008, reflecting efforts to address pressing development needs and secure social cohesion. Executive Directors have welcomed the recently announced moderation in government spending. Directors have also supported the prudent approach toward widening the fundas investment portfolio.China and India) Leste remains one of the least developed countries in the world, with 50 percent of the population living ... a rebound in agriculture from a 2007 drought, and a sharp increase in public expenditure have led to rapid economicanbsp;...
|Title||:||Democratic Republic of Timor-Leste|
|Author||:||International Monetary Fund, International Monetary Fund Staff|
|Publisher||:||International Monetary Fund - 2009-07-24|