A new era in the Pacific nation has dawned with the confirmation of a new government in late May, which alongside the increasing pace of economic development and change in region, is driving confidence in the country’s future.
"[TL growth is set to continue] on the back of expanding infrastructure, tourism and a newly reinvigorated resources sector.”
A short period of political deadlock and uncertainty has been resolved in a manner attracting international praise, with talk Australian Foreign Minister Julie Bishop is likely to visit the country soon.
Growth is already solid: Timor-Leste’s gross domestic product has averaged annual growth of more than 5 per cent since 2001.
It’s hoped and expected that growth will continue in the medium term - on the back of expanding infrastructure, tourism and a newly reinvigorated resources sector.