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BACK DOOR Newsletter on East Timor

The International Monetary Fund (IMF) - Development Banks in East Timor
Fundu Monetariu Internasional (IMF) - Banku Dezenvolvimentu iha Timor Lorosae
Fundo Monetário Internacional (IMF)
Bantu uang: Rékonstruksi:

A collection of recent reports and articles about the role of the IMF in East Timor.


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Up-Dated: Feb 5, 2002

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Main Contents: BD: Financing Reconstruction in East Timor

Tetum:
Boletim La’o Hamutuk: [PDF formatu]
Vol. 2, No. 3 Junho 2001
Fundu Monetariu Internasional (IMF) iha Timor Lorosa’e:
http://www.etan.org/lh/PDFs/bulv2n3T.pdf

Tetum:
Junho 2001 BLH: Fundu Monetariu Internasional (IMF) iha Timor Lorosa’e  Overview added Aug 18
"Maibe kasian, labele hare IMF husi nian pratika demokratika. Lahanesan Banko Mundial, IMF la’os ativa an ba sosiedadi civil iha rai sira nebe mak sira serbisu ba. Biar reputasaun idane’e, iha hanoin/harapan katak mos IMF sei hili nian konseilheiru rasik hodi rona no hare partisipasaun ativa husi komunidadi Timoro Lorosa’e hodi hadia estruturas ekonomika iha ne’e." La’o Hamutuk, Institutu Timor Lorosa’e ba Analiza no Monitor Reconstrusaun

Tetum:
Junho 2001 BLH: Saida Mak Fundu Monetariu Internasiunal?  Article added Oct 26
"Husi ne’e, la halo hakfodak katak pratikas IMF hakarak hasai agendas husi nasaun riku sira iha mundu nian, liuliu atu hakiak nasaun kapitalista sira nebe mak fo ajuda ba “negociu livre/perdagangan tak beraturan” no investimentu nakloke. Maibe IMF hetan kritikas husi organisasaun dezenvolvimentu no NGO direitus humanus barak, nune’e mos hanesan husi guvernu nasiunal husi mundu tomak. Espesialmente iha termus konaba “ajustamentu estrutural” tusan nian, ema barak hare IMF hanesan haka’as desisaun sira hasoru nasaun kiak sira, nune’e halo susar bo’ot ba populasaun barak." La’o Hamutuk, Institutu Timor Lorosa’e ba Analiza no Monitor Reconstrusaun

June 2001 LHB: The International Monetary Fund in East Timor  Overview added June 21
"Unfortunately, the IMF [International Monetary Fund] is not known for its democratic practices ... the IMF does not actively reach out to civil society in the countries in which it works. Notwithstanding this reputation, hopefully, the IMF will take its own advice to heart and seek the active participation of the East Timorese community in its work to shape the economic structures here." La'o Hamutuk: East Timor Institute for Reconstruction Monitoring and Analysis

June 2001 LHB: What is the International Monetary Fund?Article added June 21
"IMF practices tend to reflect the agendas of the world’s wealthiest countries, primary among which is to create capitalist countries that allow for unregulated trade and open investment. And it is for such reasons that the IMF has come under sustained criticism from many development and human rights NGOs, as well as national governments throughout the world. Especially in terms of its structural adjustment loans, many see the IMF as imposing policies on poor countries that create great hardships for the majority of the population." La'o Hamutuk: East Timor Institute for Reconstruction Monitoring and Analysis

June 2001 LHB: Dollarization & Democracy  Editorial added June 26
"Under pressure from the International Monetary Fund and elements of the East Timorese political leadership, UNTAET is intensifying its efforts to achieve what it calls “dollarization”—making the U.S. dollar the sole currency of the territory. ... The potential for inflation caused by dollarization is very real in East Timor. ... Given this, what are the plans on the part of UNTAET and the IMF to protect East Timorese—especially the poor who live on the margins— from the effects of increasing prices?" La'o Hamutuk: East Timor Institute for Reconstruction Monitoring and Analysis


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