cover image: VIII CONSTITUTIONAL GOVERNMENT PRESIDENCY OF THE COUNCIL OF MINISTERS

20.500.12592/7drwct

VIII CONSTITUTIONAL GOVERNMENT PRESIDENCY OF THE COUNCIL OF MINISTERS

21 Jun 2021

To avoid this and secure public trust and support, the government needs to deliver on people's demands through an inclusive strategy, being the guiding document of government policy, which should form the basis for the formulation of ministerial and sectoral strategies and actions plans, provide the critical benchmark against which government decisions are assessed, and obtain buy in across all le. [...] TIMOR-LESTE’S DRIVERS OF GROWTH AND SECTORAL TRANSFORMATION 9 AGRICULTURE, FISHERIES, AND TOURISM AS PIVOTAL SECTORS FOR CHANGE Agriculture, fisheries, and tourism are the sectors which offer the most potential for sustain- The development trajectory that the agribusiness, fisheries, and tourism sectors should able growth and could drive economic diversification. [...] some and unclear regulations for starting and operating businesses, lack of confi- Higher exports will support macroeconomic growth, improving the trade balance and dence in consistent, transparent and fair application of the rule of law, low workers boosting foreign exchange earnings, while also supporting the growth, quality skills, crime, and poor access to finance and land. [...] Moreover, for the private sector to grow and prosper, the government should pursue a strat- egy which focuses on two main policy goals: (i) addressing the obstacles that prevent domestic firms from performing better and growing, and (ii) devising strategies to attract more FDI and ensuring that it generates positive spillover effects on the local economy. [...] Special Economic Zones (SEZs) provide improved services and infrastructure to and streamlining procedures, and (ii) having transparent and enforced laws and firms in a geographically defined area to overcome the country’s broader weak ena- regulations that protect and incentivise investors.
Pages
23
Published in
United Kingdom