The first elected government in East Timor faces an estimated US $154-$184 million shortfall in its initial three-year budget. In anticipation of the need for external financing, the transitional government filed an application for IMF membership in early April. The East Timor Action Network, however, called on the US and other donor countries to cover the financing shortfall, thus preventing the new country entering “the stranglehold of structural adjustment, loans, and the vicious cycle of poverty.” An ETAN spokesperson pointed out that international financial institutions and donor governments “actively aided Indonesia’s genocidal occupation of East Timor”.
New IMF gender guidance opportunity for civil society to keep its staff to account.
BWP publishes essay series reflecting on the legacy of 75 years of IMF and World Bank policies and power.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).