East Timor: establishing the foundations of sound macroeconomic management
This report provides an overview of the economic and institutional developments in East Timor up to September 1999 and the immediate impact of the violent events that followed the August 30, 1999 referendum to decide the future status of East Timor. It presents the key elements of the strategy recommended by International Monetary Fund (IMF) staff to the United Nations Transitional Administration in East Timor (UNTAET) to rebuild the institutions needed to support economic activity and public administration, including external financing requirements, technical assistance, and training needs in the area of macroeconomic management. Finally, the report assesses the status of implementation of the strategy, and discusses the steps that should be taken to ensure that the strategy will help East Timor to prepare to face future challenges.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
addition Administration in East agencies Agriculture amounted AsDB Asian Development Bank banking system BI-D bilateral budgetary capital expenditures cash cluding commercial banks Consolidated Appeal Process consumer prices coordination currency Data provided declined deficit Dili disbursements donors East Timor economic establishment Exchange Affairs Department Executive expected exports fees Fiscal Affairs Department fiscal strategy framework Fund for East IMF staff estimates IMF staff recommended implementation imports Indonesian authorities Indonesian central government Indonesian Rupiah infrastructure institutions Jakarta Joint Assessment Mission June legal tender macroeconomic ment Monetary and Exchange NGOs operations overall payments system percent of GDP petroleum Pledges port preliminary budget province of Indonesia public administration Real GDP reconstruction recurrent expenditures rehabilitation rupiah September 1999 service tax Small Enterprise Project Sources spending SRSG technical assistance Timor Gap tion trade Trust Fund U.S. dollar UNAMET United Nations UNTAET wage West Timor World Bank