The main challenge facing Timor-Leste is how to reconcile a simultaneous existence of acute poverty and severe shortages of human management skills with solid prospects of future flows from the country's natural resource wealth. Policies to meet these two priorities-sustained poverty reduction and sound management of natural resource wealth-are the focus of Country Economic Memorandum: Policy Challenges for a New Nation, May 2002.
Following the August 30, 2001 Constituent Assembly elections, a process to design a medium-term strategic framework to articulate and implement development objectives was initiated, and a Planning Commission was established to coordinate this work, with the objective of producing a National Development Plan by independence in May, 2002. A key objectives of this report was to serve as an input into that effort.
This report deals with the following topics:
 Â Transitional Issues
  Wealth Creation
  Human Development
  Governance and Public Sector Management; and
  Poverty Reduction
See report in the following languages:
 Â EnglishÂ
  Portuguese
 Bahasa
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