Timor Leste : Access to Finance for Investment and Working Capital
This study argues the need for a policy environment supporting both urban informal sector dynamism and rapid transition from subsistence to monetization in agriculture. Such policies must include measures facilitating access to financial services f...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/16339485/timor-leste-access-finance-investment-owrking-capital http://hdl.handle.net/10986/13027 |
| Summary: | This study argues the need for a policy
environment supporting both urban informal sector dynamism
and rapid transition from subsistence to monetization in
agriculture. Such policies must include measures
facilitating access to financial services for households,
which are the backbone of the informal and subsistence
economies. The economy of Timor-Leste is divided between a
farm sector in which as many of 80 percent of workers
remain, with most of these still dependent on subsistence
production, and a non-farm sector in which micro- and small
enterprises are an overwhelming majority. Most urban
enterprises operate in an informal environment, while in
both the farm and non-farm sectors the household is the
basic unit of economic activity. |
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