New Report on Timor-Lestes Water Sector Can Guide Future Investments

Stocks and Financial Services Press Releases Wednesday May 16, 2018 09:35
DILI--16 May--World Bank

DILI, May 15, 2018 – A new World Bank report recommends increased budgets for operations and maintenance for Timor-Leste's public water supply sector, as well as the establishment of a national policy framework, in order to achieve the country's national and international commitments by 2030.

The report, entitled Timor-Leste - Water Sector Assessment and Roadmap,identifies areas of support in order to reach the targets outlined in the country's Strategic Development Plan 2011-2030 as well as the Sustainable Development Goals, and provides a roadmap with investment options for the short and medium term.

In 2002, after decades of conflict, then newly independent Timor-Leste was left with almost 90 percent of its infrastructure destroyed. Efforts are ongoing to rebuild roads, health facilities and irrigation systems, but water supply infrastructure for domestic, sanitation and industrial needs remain underdeveloped and require substantial investment.

Urban areas has seen significant progress, with 91 percent of cities having access to an improved water supply and 73 percent having access to improved sanitation facilities. In rural areas, however, access to improved water supply is only 60 percent and access to improved sanitation facilities is only 30 percent.

"A safe, reliable, and sustainable water supply is vital to the economy and to people's lives. More investments in Timor-Leste's water sector will strengthen agriculture, industry, and commerce, and also help reduce already high rates of malnutrition and stunting," said Macmillan Anyanwu, the World Bank's Country Representative for Timor-Leste.

The World Bank report, requested by the Ministry of Public Works, Transport and Communications, outlined also the challenges to ensuring water security, and strategies for adaptation to climate change and disaster resilience.

Since 2002, the World Bank has supported the efforts of Timor-Leste to rebuild national infrastructure, stabilize the economy, and strengthen government institutions. In 2018, this work includes support for improved service delivery in agriculture, education, and nutrition, and the construction of climate-resilient roads and transport infrastructure, as well as support for the development of non-oil economic opportunities.


Latest Press Release

Fitch Affirms BAM at #AA-(tha)#; Outlook Negative

Fitch Ratings (Thailand) has affirmed Bangkok Commercial Asset Management Public Company Limited's (BAM) National Long-Term Rating at 'AA-(tha)' with a Negative Outlook. A full list of rating action is at the end of this commentary. KEY RATING...

Fitch Affirms AEON Thana Sinsap at #A-(tha)#; Outlook Stable

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) at 'A-(tha)' with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary. KEY...

Photo Release: Make parcel delivery payments to Alpha FAST with QR Code via K PLUS and get special discount!!!

Recently, at KBank Head Office, Mr. Vallop Vongjitvuttikrai (second from right), KBank Executive Vice President, and Mr. Leong Choong Cheng, Chief Operation Officer of Alpha Performance Group, a parcel delivery service provider under the "Alpha FAST"...

กรุงศรี ออโต้ คว้า 2 รางวัลจากงาน Asian Banking and Finance Awards 2018 ตอกย้ำภาพลักษณ์นวัตกรรมสินเชื่อยานยนต์ไทย

"กรุงศรี ออโต้" ผู้นำธุรกิจสินเชื่อยานยนต์ครบวงจร เครือธนาคารกรุงศรีอยุธยา จำกัด (มหาชน) คว้า 2 รางวัล จากงาน Asian Banking and Finance Awards 2018 ในสาขา Open Banking Initiative of the Year และ Automobile Lending Initiative of the Year...

TCP Group integrates sustainability into 5-year business plan

TCP Group, the Thai beverage and snacks group that owns, manufactures, and distributes Krating Daeng (Red Bull), Ready, Sponsor, Som Plus, Mansome, and Puriku beverages as well as Sun Snack snacks, today, announced that it has embedded far-reaching...

Related Topics