Timor-Leste : The Business Regulatory Environment
Timor-Leste started as an independent country facing some very difficult challenges. The country was extremely short of skilled human resources and remains so. It faced the challenge of moving from the inherited Indonesian legal system to a new leg...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2006/06/7202296/timor-leste-business-regulatory-environment http://hdl.handle.net/10986/19256 |
| Summary: | Timor-Leste started as an independent
country facing some very difficult challenges. The country
was extremely short of skilled human resources and remains
so. It faced the challenge of moving from the inherited
Indonesian legal system to a new legal system based on the
lusophone tradition. Added to this was the adoption of
Portuguese as a new official language. Good work has been
done by the Government and the Parliament in addressing the
constraints and creating the building blocks of the legal
and regulatory framework needed for competitive and
equitable private sector development. In setting its
development agenda for the business regulatory environment
we recommend that the Government take account of the
realities in Timor-Leste by adopting several key guiding
principles: accept that everything cannot be done at once. ;
accept the reality that institutions cannot be built
overnight; adopt pragmatic solutions which take this fact
into account and minimize the administrative burden; in
building institutions, focus on those that are identified as
bottlenecks and impediments to private sector investment and
growth; enlist the support and resources available in the
private sector, not only in diagnosing problems but also in
devising and implementing pragmatic solutions; and make
maximum use of the support available from the donors and
other external sources to support this agenda. |
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