Subject: LUSA: PM says economy to be evaluated at March donor conference

09-12-2004 22:29:00. Fonte LUSA. Notícia SIR-6583757 Temas:

East Timor: PM says economy to be evaluated at March donor conference

Dili, Dec. 9 (Lusa) - The East Timor government will analyze the development of the young nation's economy with its international cooperation partners at a donor conference in March, Prime Minister Mari Alkatiri said Thursday.

Alkatiri told Lusa that his government would present its Sector Investment Programs (PIS) to the donor meeting that it announced at the last yearly conference of its cooperation partners in March.

He said Dili planned to include most of the PIS in its state budget "to guarantee its sustainability by giving the government responsibility to implement it".

Alkatiri was speaking on the margins of a conference on micro- credit in Timor, whose main guest was Professor Mohammed Yunus, founder and director of the Grameen Bank of Bangladesh.

Grameen has over a thousand branches in Bangladesh and gives collateral-free credit to over 2.4 million mainly rural people.

Professor Yunus considers that Timor could be a success story in the type of financial services Grameen provides to poor rural populations.

Dili has already set up its own Association of Micro-Finance Institutions of East Timor (AMFITIL), which currently loans USD 1,5 million and has deposits of USD 1,2 million.

EL/CJB Lusa

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