Jose Ramos Horta Quotes

Working together, they will dig out the truth and nothing but the truth about what happened in ’99, to assign responsibility, and to look at the institutional failings.

We have already significant sums of money in our petroleum fund, a fund created by law that includes all the revenues received from the Timor Sea, and invests in conservative, safe, long-term investment portfolios – right now in US Treasury Bonds.

We do not have a budget support. We are now fully independent in terms of requirements, but we still have a need for development assistance separate from the budget. So all the economic aid we receive is for development assistance.

We do have some assistance from the World Bank but not from the IMF. We are not borrowing yet, but we are considering, in the future, borrowing from the Kuwait Fund to support our infrastructure development.

The government can access these funds but only following approval by the parliament to support our budget requirements and investments in infrastructure development, education, public health, and so on.