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ADB Inaugurates New Resident Mission in Dili, Timor-Leste
Infrastructure, private sector development, and skills-training remain priorities for ADB's new Resident Mission in Timor-Leste.
DILI, TIMOR-LESTE – Senior officials with the Asian Development Bank (ADB) and the Minister of Finance Emilia Pires today inaugurated a new Resident Mission as a sign of ADB’s ongoing commitment to the country’s development.
“The expansion of our Dili office and our Timor-Leste portfolio is testament to our strong partnership and long-term commitment to assisting Timor-Leste with achieving its development goals,” said Noriko Ogawa, Deputy Director General of the ADB’s Pacific Department, who participated in the event alongside Resident Representative Shane Rosenthal.
Infrastructure improvements, private sector development, and skills-training to drive inclusive economic growth in Timor-Leste remain priorities for ADB. ADB is also assisting the government in preparing for regional economic integration, with a focus on its readiness to join the Association of Southeast Asian Nations (ASEAN).
Under the existing ADB Country Partnership Strategy (CPS) 2011-2015, ADB has aligned its activities with the government’s strategic development plan, while expanding its country portfolio and knowledge work.
Since Timor-Leste became an ADB member in 2002, it has received two ADB Ordinary Capital Resources loans of $31.85 million and $40 million; two Asian Development Fund loans of $9.15 million, and $10 million; six grants worth a combined $52.8 million from the Trust Fund for East Timor; five Asian Development Fund (ADF) grants worth a combined $85 million, and 41 Technical Assistance (TA) projects worth a combined $34.51 million.
Four ADF grants ($78 million) and seven TA projects ($19.25 million) are active.