Timor-Leste

This Interim Strategy Note (ISN) lays out the World Bank Group's strategy of assistance to Timor-Leste for fiscal years 2010 and 2011. The overall objective during ... Show More + this period is to support the Government of Timor-Leste's efforts to use its oil wealth to both address immediate post-conflict stabilization imperatives and lay a sound basis for sustained growth in the non-oil sectors. Timor-Leste must continue to satisfy immediate public demand for economic benefits while avoiding the poor decision-making and lax fiscal management that have compromised other 'wealthy fragile' states, and which can lead to domestic economic stagnation, public sector overreach, wastage and opportunities for corruption. Recent research on post-conflict countries highlights the importance of bringing short- and long-term considerations together in a disciplined and accountable development process that addresses the roots of conflict and prevents a further relapse of the kind experienced in 2006. Show Less -