Support a debt free Timor-Leste

Support a debt free Timor-Leste

Dili : East Timor | Oct 18, 2011 at 6:55 AM PDT
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Don't let the bankers occupy Dili. Sign the petition!


The Government of Timor-Leste is currently free of debt. Despite current substantial income from petroleum resources, the government has announced plans to begin borrowing.

In September, more than 137 organizations based in 32 countries endorsed a statement that urged "the government of Timor-Leste to keep the nation debt-free and refrain from borrowing money from international lenders.... to protect its future generations." The groups argue that "Rather than repeat the mistakes of other developing countries that have struggled with debt during recent decades, Timor-Leste should learn from their experiences, which often inflicted great hardships on their people."

Income from oil and gas provides 95% of state revenue, making Timor-Leste the most petroleum-export dependent country in the world. Timor-Leste has not yet borrowed funds from other countries or international financial institutions, but the government has passed laws to enable borrowing. In the 2012 budget, the government has proposed borrowing.

This petition is a joint project of the the Movimento Kontra Deve, a coalition of civil society organizations in Timor-Leste opposed to their country taking out loans, and the East Timor and Indonesia Action Network (, a 20-year old U.S.-based group working in solidarity with the people of Timor-Leste.

Additional background on Timor-Leste and borrowing can be found in English at and Tetum:

Don't let the bankers occupy Dili. Sign the petition!

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East Timor and Indonesia Action Network ETAN is based in New York City, New York, United States of America, and is a Stringer on Allvoices.
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