ABD Country Operations Business Plan: Timor-Leste 2020–2022 ; ADB Country Planning Documents
In: http://hdl.handle.net/11540/12639
The country operations business plan (COBP) presents the indicative program for support of the Asian Development Bank (ADB) to Timor-Leste for 2020–2022. Implementation of ADB's country partnership strategy (CPS), 2016–2020 for Timor-Leste has progressed slowly due to Presidential and Parliamentary elections in 2017 and 2018. Staff assessment is that the CPS remains highly relevant to address the development priorities of Timor-Leste. The Government of Timor-Leste concurs with the assessment and has agreed to conduct a CPS mid-term review in 2020 with a view to extending CPS implementation to 2022. The findings and recommendations from the assessment will be reported in the COBP for 2021–2023 that will be circulated to the Board in 2020. COBP, 2020–2022 is consistent with the CPS and aligned with ADB Strategy 2030 operational priorities; the Program of the Eighth Constitutional Government of Timor-Leste, 2018–2023; and Timor-Leste's Strategic Development Plan, 2011–2030. COBP, 2020–2022 will help Timor-Leste build human capital, diversify its economy, and achieve sustainable and inclusive growth. The agriculture sector has been added to ADB assistance areas as agreed with the government (Appendix 1). Particular emphasis is given to the Strategy 2030 operational priorities of addressing remaining poverty and reducing inequalities, accelerating progress in gender equality, making cities more livable, strengthening governance and institutional capacity, and promoting regional cooperation and integration. Developing a sustainable non-oil economy is a key challenge for Timor-Leste. The Program of the Eighth Constitutional Government presents an ambitious plan to improve service delivery and accelerate economic development. Implementing this plan will require well targeted investments in infrastructure and human capital development and substantive policy reforms. The indicative pipelines of investment projects, technical assistance (TA), and knowledge activities will support the achievement of these goals. The indicative lending program includes investments to develop human capital, improve delivery of basic services, strengthen market linkages, and stimulate productive activities. The nonlending program will support the preparation of high-quality investment projects and help Timor-Leste with key thematic priorities, such as governance, capacity development, and regional cooperation and integration.