Timor-Leste and ADB
In the Spotlight
The Coral Triangle is one of the world's richest areas of marine life. Unfortunately, unsustainable and destructive methods are threatening this marginal ecosystem.
Digital financial services (DFS) are effective means of enhancing financial inclusion in the Pacific but major challenges, including the establishment of reliable agent networks and the building of sufficient consumer trust still need to be addressed throughout the region.
A new Asian Development Bank report says Pacific economies face lower growth and tighter fiscal conditions this year due to low commodity prices and severe cyclones.
ADB has been supporting Timor-Leste’s development since 1999, helping the government build a broad-based, non-oil economy through supportive investments in the national road network, urban water supply, and vocational education.
Timor-Leste’s development prospects hinge on prudent use of its petroleum wealth to finance high-quality, sustainable investments in physical and human capital. The country has made excellent progress in state building and improving key social services, but its human development indicators remain among the lowest in the region.
ADB's country operations business plan, 2015-2017 is closely aligned with Timor-Leste’s Strategic Development Plan, 2011-2030, which involves a range of development initiatives in transport, urban water supply, infrastructure management, technical and vocational education and training, finance, and regional cooperation and integration.