Timor-Leste’s natural resources include gold, petroleum, natural gas, manganese and marble. Oil production has increased significantly since 2005 with the advent of projects such as the Joint Petroleum Development Area that it shares with Australia. Timor-Leste is one of the world’s most extractive dependent countries with 75% of GDP in 2009 coming from government petroleum revenues. It is estimated that 89% of the government’s budget in 2011 will come from petroleum revenues.
EITI Status: Compliant
Visit Timor-Leste’s EITI Page
Sources: Revenue Watch Institute, US State Gov
7 December 2011 – Civil society groups in Timor-Leste join forces to spread the word on EITI. You can find out more about how they did that here
On 1st July 2010, Timor-Leste became the third country to be designated as EITI-Compliant. This followed the country’s completion of the validation process and approval of the final validation report on 6 April 2010.
The EITI International Board congratulated the government of Timor Leste for its commitment and leadership. The Board also applauded the Timor Leste multi-stakeholder working group for its strong collaboration and effective oversight of the EITI implementation process. The Board now calls on the government and multi-stakeholder working group to ensure that the validator’s recommendations are implemented in full.
In November 2009 Deloitte Touche Tohmatsu successfully compiled Timor Leste’s first ever EITI report. The report covered expenditures and revenues for the year 2008 and it was submitted to the international EITI Secretariat in late 2009. It was considered to be a solid and transparent report.
Timor-Leste was the first country in Southeast Asia to have successfully produced an EITI report, and indeed the first to have achieved EITI-Compliance. Timor Leste is currently preparing to conduct dissemination in all regional districts. Timorese PWYP-member, Luta Hamutuk, is meanwhile planning to re-write the report in a manner that is more accessible for all Timorese citizens.