Economy
Forecast 2011: Flashing the cash seen as the path to success
Thursday, December 30th, 2010Monocle December 28, 2010 — Dili
Writer: Matt Crook
They may not yet have flat roads, regular electricity or a constant water supply, but work on Timor-Leste’s first mall is almost complete. While it’s all systems go in the capital, Dili, where high-end developments are sprouting in the most unlikely places, two-thirds of the country who live [...]
Economist says East Timor must boost spending
Friday, April 2nd, 2010AFP April 1, 2010 — East Timor should rethink the way it spends its oil wealth by increasing investment in key areas to boost its long-term growth prospects, a leading economist said Thursday.
Jeffrey Sachs, a best-selling author and special adviser to the UN secretary-general, said the government of Prime Minister Xanana Gusmao should stop buying [...]
Top UN economist forecasts boom for East Timor
Friday, April 2nd, 2010AFP March 30, 2010 — The tiny, impoverished nation of East Timor is on the cusp of an economic explosion that will eclipse even China in terms of growth, a top UN economist said Tuesday.
Jeffrey Sachs, the special adviser to the UN secretary-general told an audience at the national university that the government needed to [...]