Timor-Leste: Asian Development Bank Member Fact Sheet 2017

Abstract

Since achieving independence in 2002, Timor-Leste has made excellent progress in state building. However, while access to essential services (particularly electricity) has improved dramatically, key human development indicators remain among the lowest in Southeast Asia and the Pacific. The country’s prospects hinge on prudent and effective use of revenue from off -shore petroleum production to finance investments in the physical capital, human capital, and institutions needed to develop a sustainable non-oil economy. The Asian Development Bank (ADB) has been supporting Timor-Leste since 1999 and has committed loans and grants totaling $342.63 million and technical assistance projects totaling $42.32 million. The active ADB portfolio includes 8 loans totaling $226.69 million, 4 grants totaling $50.12 million, and 8 technical assistance projects totaling $7.82 million.