Timor-Leste government approves economic reform guide

26 November 2015

The Guide for Reform and Economic Development of Timor-Leste (East Timor) 2015-2017, approved Tuesday by the government, includes fiscal reform and changes to the laws on investment and land and property, announced Wednesday in Dili the country’s prime minister.

“It is a guide to a wide range of reforms to be implemented in the next two years and aims to create conditions for economic development of Timor-Leste,” said Prime Minister Rui Maria de Araujo, quoted by Portuguese news agency Lusa.

The guide, which was first presented by the Cabinet at its meeting on 27 October, was prepared by a team led by the Minister of State and Coordinator of Economic Affairs, Estanislau da Silva.

Defined as a “strategic binding instrument for the entire government,” the guide aims to “give substance to the strategic development plan” and simultaneously “function as instrument of economic coordination of all government entities.”

“It is hoped that this guide will make it possible to create, over the next two years, the structural basis for the transformation and diversification of the Timorese economy, with private sector growth and more job creation,” the government said recently. (macauhub/TL)