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The \ue000ndings, interpretations, and conclusions expressed herein are those o\ue001 the
author(s) and do not necessarily refect the views o\ue001 the Executive Directors o\ue001 IFC
or the governments they represent.
IFC does not guarantee the accuracy o\ue001 the data included in this work. The
boundaries, colors, denominations, and other in\ue001ormation shown on any map in this
work do not imply any judgment on the part o\ue001 IFC concerning the legal status o\ue001
any territory or the endorsement or acceptance o\ue001 such boundaries.
This Report is the result of collaboration between the Australian Agency for International Development (AusAID) and the International Finance Corporation (IFC), a member of the World Bank Group.
Research \ue001or the Report was primarily carried out during a mission to Timor-Leste \ue001rom February 2 \u20135,
2009. The mission team, led by Sonali Hedditch (IFC), included Mark Blackden (IFC consultant), Fiona
MacCulloch (The Law & Development Partnership), Vijaya Nagarajan (AusAID consultant), Tamara
Haig (AusAID consultant) and supported by locally based experts Rui Gomez (economist) and Tiago
Sarmento (lawyer). Kristie Drucza (AusAID) and Anna Hutchens (AusAUD consultant) undertook use\ue001ul
preparatory research in September, 2008.
The authors wish to thank all the individuals who provided us with help\ue001ul in\ue001ormation and were
available \ue001or interviews during the in-country research. They include private sector operators; civil
society; Government Departments and bodies; and donors. The mission team received guidance \ue001rom
the IFC\u2019s Country Coordinator in Timor-Leste, Rainer Venghaus, and valuable support \ue001rom IFC sta\ue001\ue001
including Johanna Johannson, Milissa Day, Bernardo Dos Reis, and Alberto Nunes.
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