Timor-Leste and ADB
In the Spotlight
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.
Pacific Energy Update 2019 details how ADB is helping its Pacific developing member countries undertake a structural shift away from fossil fuel-based energy sources and towards renewables. Read more
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.
However, project delays in Papua New Guinea, tepid growth in some economies, and slower recovery in others will likely moderate subregional growth to 2.6% in 2020. Read more in the latest Pacific Economic Monitor
乐动体育注册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. Watch video
乐动体育注册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.
The country partnership strategy, 2016–2020 for Timor-Leste will help develop a sustainable non-oil economy by improving infrastructure, developing key institutions, and increasing investments in human capital.
Projects in Timor-Leste
- Southeast Asia Transport Project Preparatory Facility Phase 2
- Implementing Reforms for Growth and Competitiveness
- Support for Innovation and Technology Partnerships in Asia and the Pacific - Energy Sector High-Level Technology Application (Subproject 2)
- Energy System Strengthening and Sustainability Project
- Cross-Border Trade and Cooperation between Indonesia and Timor-Leste