Timor-Leste and ADB
In the Spotlight
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
The Pacific region is benefitting from stronger links with Asia’s growing economies, and can gain more with targeted policy reforms and investments, according to ADB's Pacific Economic Monitor.
Timor-Leste’s gender gap has narrowed in education, employment and political influence, but significant challenges remain in achieving gender equality on a range of other measures, according to a new report.
ADB has partnered with the Government of Timor-Leste to help make long-term improvements in living standards since 1999, 3 years before Timor-Leste gained independence and became a member of ADB. In the initial years, support concentrated on emergency infrastructure.
Since 2006, ADB assistance has focused on rehabilitating infrastructure required for connectivity, and building the capacity to ensure that infrastructure is operated and maintained effectively.
Rapid progress is possible, as Timor-Leste can draw on its substantial petroleum resources to invest in core infrastructure, basic services, and capacity building.
1.15(2013) Population in millions
2.4%(2008-2013) Average annual population growth rate
49.9%(2007) Population living below the national poverty line