News in Timor-Leste

The ADB (Asian Development Bank) recently published a report about the finance sector of Timor-Leste, its key challenges and how they can be addressed: Timor-Leste has a relatively diverse financial system for a Pacific island country. It has four foreign-owned banks and one national bank, which serves as the monetary authority and regulator of most

Following the intent of g7+ to expand its outreach in Europe, the delegation led by the Chair of the g7+, Minister of Planning of Sierra Leone, H.E Momodu Lamin Kargo and the g7+ Eminent Person, H.E. Kay Rala Xanana Gusmão paid a visit to Portugal. They and other members of the organization were received by

Timor-Leste hosted the Regional Forum of the Association of Southeast Asian Nations (ASEAN) to discuss the theme of “Preventive diplomacy in a post-conflict environment”. Timor-Leste is a full member of this forum since 2005, which has as its objective the promotion of a constructive dialog on political and security issues at the regional and international level.

The Asian Infrastructure Investment Bank (AIIB) announced on the 23rd March 2017 that it approved the application of Timor-Leste to join that institution and it has received the country as Potential Regional Member. The Asian Infrastructure Investment Bank is an international financial institution that aims to support the building of infrastructure in the Asia-Pacific region.

Francisco Guterres, “Lú-Olo”, was elected President of Timor-Leste. The candidate supported by the two largest Timorese parties (Fretilin and CNRT) collected 57.08% of the votes according to STAE data that will have to be approved by the CNE. These were the first national elections that Timorese authorities organized without UN support. At the request of Timorese

An advanced team of official observers is already in Dili for initial preparations for the monitoring of the Presidential elections scheduled for 20 March 2017. The final pool of candidates was known on 18 February, after the Court of Appeal verified the 8 applications. Basque Izaskun Bilbao Barandica MEP leads the European Union’s Election Observation Mission