Republic of Timor-Leste : 2016 Article IV consultation; press release; staff report; and statement by the Executive Director for Timor-Leste.

Republic of Timor-Leste : 2016 Article IV consultation; press release; staff report; and statement by the Executive Director for Timor-Leste.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, [2016] ©2016
Description:	1 online resource (72 pages) : color illustrations.
Language:	English
Series:	IMF country report ; no. 16/183 IMF country report ; no. 16/183.
Subject:	International Monetary Fund -- Timor-Leste. International Monetary Fund. Economic development -- Timor-Leste. Fiscal policy -- Timor-Leste. Monetary policy -- Timor-Leste. Financial risk management -- Timor-Leste. Economic indicators -- Timor-Leste. Economic development. Economic indicators. Financial risk management. Fiscal policy. Monetary policy. Timor-Leste.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12506687

Hidden Bibliographic Details
Varying Form of Title:	2016 Article IV consultation; press release; staff report; and statement by the Executive Director for Timor-Leste
Other authors / contributors:	International Monetary Fund, publisher.
ISBN:	9781498319492 1498319491
Notes:	"June 2016." Includes bibliographical references. Description based on online resource; title from pdf title page (IMF.org website, viewed July 30, 2016).
Summary:	This paper discusses recent economic developments, economic outlook, and risks in Timor-Leste. Growth has moderated while inflation has fallen sharply. Owing to a sharp fall in oil revenues and large development needs, Timor-Leste is facing difficult policy challenges. According to industry estimates, unless new oil reserves are developed, oil production is expected to decline further and cease by 2023. Prioritization of government expenditures to facilitate high-return infrastructure investments is key in tandem with structural reforms that catalyze nonoil private sector growth. The 2016 budget outlined a significant scaling up of the public investment in 2017--19, which will strain fiscal sustainability

Description
Summary:	This paper discusses recent economic developments, economic outlook, and risks in Timor-Leste. Growth has moderated while inflation has fallen sharply. Owing to a sharp fall in oil revenues and large development needs, Timor-Leste is facing difficult policy challenges. According to industry estimates, unless new oil reserves are developed, oil production is expected to decline further and cease by 2023. Prioritization of government expenditures to facilitate high-return infrastructure investments is key in tandem with structural reforms that catalyze nonoil private sector growth. The 2016 budget outlined a significant scaling up of the public investment in 2017-19, which will strain fiscal sustainability.
Item Description:	"June 2016."
Physical Description:	1 online resource (72 pages) : color illustrations.
Bibliography:	Includes bibliographical references.
ISBN:	9781498319492 1498319491