DONOR-DEPENDENT COUNTRY

DONOR-DEPENDENT COUNTRY

The country used to depend its economical state on exports such as coffee, oil, sandalwood and marble. But its economy grew about 10% in 2011 and 2012.East Timor has now revenues from gas reserves and oils but some of it has gone to develop its villages for farming because nearly half of its population is in extreme poverty.East Timor is labeled as the most oil-dependent economy in the world by International Monetary Fund because the petroleum fund pays almost all the governmentfs annual projects. Its government is also dependent on international donors and assistance especially from private sectors

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