BRIEF November 27, 2019

Country Partnership Framework 2020-2024

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About the Country Partnership Framework

The World Bank Group’s Country Partnership Framework (CPF) FY2020 — 2024 lays out the strategy and aims of the World Bank Group’s future work in Timor-Leste over the coming years.

The new five-year strategy is aligned with Timor-Leste’s Strategic Development Plan (2011-2030), which lays out a path for the country to reach upper middle income status and eradicate extreme poverty by 2030.

It is underpinned by a Systematic Country Diagnostic (SCD), the World Bank Group’s comprehensive analysis of the opportunities and challenges for Timor-Leste to end extreme poverty and increase shared prosperity and builds on consultations with government, development partners, the private sector, civil society and academia.

The Country Partnership Framework builds on work undertaken under the previous Country Partnership Strategy which has delivered benefits including climate resilient infrastructure with the 110 kilometer Dili to Ainaro road project, reduced impact from natural disasters for over 60,000 people living along the road corridor, improved nutrition practices for families in over 300 villages in Baucau and Viqueque and access to savings and credit for over 13,000 people, especially women entrepreneurs through the IFC’s investment in the Kaebauk Investimentu no Finansas microfinance institution.

Key Focuses of the Country Partnership Framework 2020-2024

The World Bank Group’s new Country Partnership Framework aims to support the government of Timor-Leste to transform its natural wealth into improved human capital and sustainable infrastructure through three key focus areas.

These are:

1. Strengthen the foundation for private sector-led growth and economic stability

- Establishing rules-based macroeconomic management and fortifying governance through reforms in public financial management

- Enchancing the conditions for private investment and promote financial inclusion.

- Promote economic diversification through agri-business and tourism development.

2. Invest in human capital and service delivery

- Strengthen human capital and promote gender equality.

3. Raise productivity through investments in connective infrastructure

-Improve access and quality of connective infrastructure in digital and transport sectors.