Timor-Leste and ADB
ADB's country partnership strategy for Timor-Leste focuses on removing infrastructure bottlenecks and institutional constraints as well as investing in human capital.
ADB will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.
The 2019 growth forecast for the Pacific subregion has been raised from 3.5% to 4.2%, driven mainly by higher liquefied natural gas production in Papua New Guinea and increased construction expenditure in Samoa and Solomon Islands, as well as lower-than-projected economic decline in Nauru.
ADB is working with civil society organizations in Timor-Leste to offer vocational skills training to reduce unemployment and promote development.
Timor-Leste is upgrading its road network to promote economic growth and spread petroleum wealth outside the capital city of Dili.