Despite being Asia’s youngest nation having restored its independence on 20 May 2002, the Democratic Republic of Timor-Leste has shown resilience in its pursuit of economic development.

Over the past two decades, the country has emerged from conflict and massive destruction of development gains to one of the most peaceful and democratic countries in the region. Timor-Leste also experienced economic stress from 2017-2022 due to political uncertainties as well as external shocks such as COVID-19 and cyclone Seroja. However, it has been on a recovery path and economic growth is expected to reach 3.4 percent in 2024 – considered among the fastest in East Asia. Read More