Money
Gusmao unveils plans to invest E.Timor oil wealth
Wednesday, April 7th, 2010AFP April 8, 2010 — East Timorese Prime Minister Xanana Gusmao pledged Wednesday to invest more of the tiny country’s oil wealth to boost economic growth and living standards.
Gusmao told international donors at the country’s eighth annual development partners meeting that “the people need us to create conditions to improve their livelihoods”.
“The people do not [...]
World Bank defends pay
Friday, April 2nd, 2010AFP DILI, May 13, 2009 — THE World Bank has been forced to defend its consultants in East Timor after the salaries of those hired by the finance ministry were leaked to local media, sparking widespread anger.
Public outrage has reached boiling point over generous remuneration packages offered to foreign advisers in a country where half [...]