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Second Timor-Leste Petroleum TA

Abstract*

Over the next several years Timor-Leste's petroleum sector is expected to provide revenues accounting for up to 50 percent of GDP and 85 to 90 percent of government revenues and foreign exchange. These figures will drive future poverty reduction programs, facilitate economic recovery, and allow for donor exit. Following are components to the project: The proposed project will provide support to two key agencies: the Timor Sea Office (TSO), and Ministry...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The proposed project will provide support to two key government divisions involved in overseeing petroleum sector development: (1) the Timor Sea Office (TSO) in the Office of the Prime Minister; and (2) the Ministry of Planning and Finance (MOPF), specifically, the Timor Sea Tax Division (TSTD) and, separately, a petroleum revenue management function. The TSO has been the lead agency on all sector policy and strategic topics and has conducted all international negotiations; the TSTD is now facing rapidly escalating oversight demands; and there currently exists no office in the Government charged specifically with the critical task of implementing a petroleum revenue management strategy. Funding for these areas will focus on maintaining and increasing capacity in core functions, including the retention and/or recruitment of essential international advisers, the provision of programmed and just-in-time technical assistance, critical operating costs (e.g., travel for essential tax audits), and the provision of selected infrastructure for basic office functions.

Key Details

Project Details

  • P082942

  • Closed

  • Allison Berg

  • N/A

  • Timor-Leste

  • June 19, 2003

  • (as of board presentation)

    June 18, 2003

  • July 30, 2003

  • US$ 1.70 million

  • C

  • Not Applicable

  • December 31, 2006

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Special Financing 1.70

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 1.70
Total Project Cost** 1.70

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Safeguards Rating Satisfactory 2006-12-27
Counterpart Funding Satisfactory 2006-12-27
Monitoring and Evaluation Satisfactory 2006-12-27
Overall Implementation Progress (IP) Satisfactory 2006-12-27
Project Management Satisfactory 2006-12-27
Progress towards achievement of PDO Satisfactory 2006-12-27
Procurement Satisfactory 2006-12-27
Financial Management Satisfactory 2006-12-27

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-25-2007
OutcomesSubstantial
Risk to Development OutcomeModest
Bank PerformanceSubstantial
Borrower PerformanceSubstantial
Government PerformanceSubstantial
Implementing AgencySubstantial

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 09-14-2007PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeModerateN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceSatisfactoryN/a
Government PerformanceSatisfactoryN/a
Implementing AgencySatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualitySubstantialN/a

Results Framework

No data available.