29 May 2015

PSDI delivers keynote address at Timor-Leste public-private roundtable

PSDI Financing Growth Team Leader Peter Dirou delivers the
keynote address at a Timor-Leste roundtable event examining
challenges facing the country’s private sector.
Peter Dirou, PSDI’s Financing Growth Team Leader, was keynote speaker at a high-level, private sector development roundtable in Timor-Leste on May 27.

The meeting sought to deepen dialogue between the Timor-Leste Government and the private sector to identify, and address, challenges to market-based growth. It was welcomed by PSDI, which recommends such an initiative in its soon-to-be-published Timor-Leste private sector assessment, ‘Growing the Non-Oil Economy’.

Peter discussed the role of the state in supporting private sector development on finance and introduced the key findings of Growing the Non-Oil Economy.

"The task is to identify the critical issues that have to be addressed for businesses—both national and foreign—to invest or increase their investment in Timor-Leste," said Peter.

"The solutions to challenges identified should not be rooted in new incentives offered by government, but rather in reducing uncertainty, clarifying the ‘rules of the game’, and improving the environment in which businesses operate.
The event was attended by 120 public and private sector
representatives as well as the Prime Minister, four other
Ministers and the President of the Chamber of Commerce

"Ultimately, it’s about being very clear about the role of the government and the role of the private sector and how each will contribute to improving the lives of your people."

Other speakers included Prime Minister Rui Maria de Araujo, Planning and Strategic Investment Minister Xanana Gusmao, the President of the Chamber of Commerce and Industry Oscar Lima, and the event’s host, Minister of State and Coordinator of Economic Affairs, Esanislau da Silva. Two other government ministers and 120 private and public sector representatives attended.

Click here to view Peter's presentation on the findings and recommendations of PSDI's private sector assessment of Timor-Leste.