Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Pacific Growth to Pick Up in 2014

Economic growth in the Pacific is projected to rise to 5.4% in 2014 from 4.8% in 2013, according to ADB's latest Asian Development Outlook 2014, launched in Sydney. Read More

Timor-Leste's Growth Remains Strong as Long-term Fiscal Outlook Tightens

Timor-Leste’s non-oil economy will continue to grow strongly in 2014 and 2015, driven by government spending and private sector growth, according to ADB's Asian Development Outlook 2014. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

Overview

Timor-Leste has initiated a new development phase - funded by offshore petroleum revenue - that is pursuing a high rate of sustainable economic growth through the conversion of petroleum wealth into human and physical capital.

In 2011-2015, ADB will help the government achieve this fast tracking of development by supporting the upgrade of the country's infrastructure and complementary initiatives.

Fast Facts

1.12 (2012)
Population in millions

2.4% (2010-2012)
Annual population growth rate

41.1% (2009)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
40.00 / 100.00
Transport and ICT (2)
 
40.00 / 100.00
TOTAL (2)
Cumulative as of 31 December 2012