2023-05-17-世界银行-东帝汶_经济多元化之路-2023年国家经济备忘录（英）_123页_2mb

Timor-Leste has made important development gains since independence in 2002, but it faces critical challenges, particularly its heavy reliance on oil revenues and low economic diversification. While public spending has been high, it has not driven sustainable growth, and fiscal risks loom as oil reserves deplete. The country's small size, poor infrastructure, and political instability constrain private sector growth and competitiveness.

Key recommendations include:

• Fiscal consolidation to avoid a "fiscal cliff" by reducing deficits and aligning spending with revenue.
• Strengthening the private sector through land reforms, improving access to finance, and enhancing digital connectivity.
• Promoting exports and trade by implementing the WTO Trade Facilitation Agreement and addressing regulatory barriers.
• Investing in human capital and infrastructure to support long-term growth and economic diversification.

These reforms aim to transition from public-driven to private-sector-led growth, reduce dependence on oil, and integrate Timor-Leste into regional and global economies.