The IMF reached different conclusions than the Government about a number of things in "the most oil-dependent economy in the world," including forecasts of non-oil GDP and advisable levels of public spending. They wrote that "Large uncertainties surround the medium-term outlook, including the path of oil prices and production, the magnitude and quality of public spending, and progress in business-enabling structural reforms." They observed that "spending at a slower-than-planned pace, consistent with the absorptive capacity of the economy, would stand a better chance of realizing high quality projects and crowding in private investment."
The report includes a statement conveying the Government's dissenting views.
As the IMF website can be difficult to access, La'o Hamutuk has copied the documents to our site. You can download the complete report (1.3 MB), which includes the following documents:
- Staff Report for the Article IV Consultation
- Informational Annex to the above Staff Report, on RDTL-IMF relations, World Bank-IMF Collaboration, relations with the Asian Development Bank, and statistical issues
- Joint World Bank/IMF 2010 Debt Sustainability Analysis
- IMF staff statement on new developments through 19 January 2011
- Public Information Notice summarizing IMF Executive Board views on 28 January
- Statement by IMF Executive Director for Timor-Leste, explaining where the Government disagrees with the IMF Article IV report