01709cas a2200241 a 4500 AALejournalIMF002575 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451837254 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Democratic Republic of Timor-Leste : Staff Report for the 2003 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (46 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Owing to poor infrastructure, limited administrative capacity, and nascent institutions, Timor-Leste is one of the most underdeveloped countries in the world. During the turmoil, two-thirds of the physical infrastructure is estimated to have been destroyed. Executive Directors stressed that fiscal policy should bear the major burden of sustaining macroeconomic stability. The authorities' decisions to address poor management and bill collection through the introduction of an external management contract and the adoption of a prepaid meter system are welcomed. The development of a medium-term fiscal strategy is also encouraged. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2003/227 Full text available on IMF http://elibrary.imf.org/view/journals/002/2003/227/002.2003.issue-227-en.xml IMF e-Library