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Timor-Leste International and Local Media Monitoring for November 24, 2004

TL-Vietnam Establish Bilateral Relation Suara Timor Lorosa'e (STL)

On Tuesday, the president of Timor-Leste, Mr. Xanana Gusmao, and the Representative of the Vietnamese government, Mr. Nguyen Hoag An agreed to establish a bilateral cooperation between their respective countries.

An agreement of cooperation was expressed through a MOU handed to the president by Mr. Hoang, and was assisted by the vice-minister of foreign affairs and cooperation, Mr. Olimpio Branco.

Mr. Nguen said that Vietnam is pleased to cooperate with Timor-Leste in diplomacy, economy and other sectors in the future.

GTZ conducts a one-day meeting to review progress of loans Timor Post

The advisor of GTZ (German Technical Cooperation), Mr. Hendry conducted a one-day meeting with 13 local small business actors, which were supported by the company in the district of Baucau.

The aim of the meeting was to review business activities undertaken.

The company provides no-interest micro-credit loans up to a total of US$100,000,00 in that district.

Loans are used to run business activities, such as general trading, pesticide compositions and export medicines materials.

Note: The World Bank welcomes comments and suggestions, as well as information about errors that call for correction. Messages may be sent to Sildonia Sarmento who can be reached through e-mail at ssarmento@worldbank.org or telephoned at 332 4649, extension 304.

David de Araujo Receptionist World Bank, Dili Office Tel: 332 4649 Email: ddearaujo@worldbank.org