Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Timor-Leste 01 01 - Liquidity Support USD
Timor-Leste 01A 01A - Short-term lending USD
Timor-Leste 01B 01B - Support policies for short-term lending USD
Timor-Leste 01C 01C - Forex operations USD
Timor-Leste 02 02 - Credit creation USD 4,000,000 4,000,000
Timor-Leste 02A 02A - Financial sector lending/funding USD
Timor-Leste 02B 02B - Support policies for long-term lending USD
Timor-Leste 02B1 02B1 - Interest rate adjustments USD
Timor-Leste 02B2 02B2 - Other policies to support long-term lending USD
Timor-Leste 02C 02C - Loan guarantees USD 4,000,000 4,000,000 IMF. (accessed 6 May 2020); The Diplomat. (accessed 8 May 2020).

(i) 29 April 2020, The authorities decided to extend access to the Credit Guarantee System to micro-enterprises, increasing the type of economic activities eligible for the program; (ii) 4 May 2020, The present value of the credit guarantee scheme is USD4 million but the Timorese government will inject more liquidity in the future.

Timor-Leste 03 03 - Direct long-term lending USD
Timor-Leste 03A 03A - Long-term lending USD
Timor-Leste 03B 03B - Forbearance USD IMF. (accessed 26 May 2020).

No amount/estimate: 11 May 2020, the authorities introduced a moratorium on the fulfillment of capital and interest obligations arising from credit agreements, which delayed maturities by up to three months and reduced debtors’ interest payment obligation to 40% of the original amount with the remaining 60% financed by the government.

Timor-Leste 04 04 - Equity support USD
Timor-Leste 05 05 - Health and income support USD 150,000,000 150,000,000
Timor-Leste 05A 05A - Health support USD 150,000,000 150,000,000 IMF. (accessed 16 April 2020).

(i) 7 April 2020, The President authorized the transfer of USD250 million from the Petroleum Fund under the duodecimal regime. USD150 million of this was used to create an autonomous fund, the COVID-19 special funds, to spend on expenses related to prevent and combat the pandemic, including spending on medical equipment and medicine.

Timor-Leste 05B 05B - Income support USD
Timor-Leste 05B1 05B1 - Tax and contribution deferrals and policy changes USD
Timor-Leste 05B2 05B2 - Tax and contribution rates reduction USD
Timor-Leste 05B3 05B3 - Subsidies to individuals and households USD IMF. (accessed 1 October 2020).

(i) 20 April 2020, The government approved a stimulus package to manage economic and financial risks from the COVID-19 including (a) cash transfers with a monthly basic income to over 214,000 households, worth USD100 per month per household, lasting for 3 months; (b) purchasing of 3-month emergency supply of rice, (c) maintaining transportation channels open for essential goods and medical/emergency goods, (d) waving the payment of electricity (USD15 per month), water bills, and social security contributions, (e) providing stipends to over 4,200 Timorese students studying overseas; (ii) No amount/estimate: 23 September 2020, the Government decided to distribute cash transfers for basic staple foods to eligible households, worth USD25 per month per household, lasting for 2 months (November and December 2020).

Timor-Leste 05B4 05B4 - Subsidies to businesses USD IMF. (accessed 1 October 2020).

(i) 20 April 2020, Wage subsidies (60% of the wage cost) for formal sector employees (30,000 workers); (ii) No amount/estimate: 11 May 2020, the government financed the remaining 60% in the moratorium and forbearance discussed in 3B.

Timor-Leste 05B5 05B5 - Indirect income support USD
Timor-Leste 05B6 05B6 - No breakdown (income support) USD
Timor-Leste 05C 05C - No breakdown (health and income support) USD
Timor-Leste 06 06 - Budget reallocation USD
Timor-Leste 07 07 - Central bank financing government USD
Timor-Leste 07A 07A - Direct lending and reserve drawdown USD
Timor-Leste 07B 07B - Secondary purchase: government securities USD
Timor-Leste 08 08 - International Assistance Received USD 12,237,380 12,237,380
Timor-Leste 08A 08A - Swaps USD
Timor-Leste 08B 08B - International loans/grants USD 12,237,380 12,237,380
Timor-Leste 08B1 08B1 - Asian Development Bank USD 2,920,000 2,920,000 ADB. Table A1.4 Asia Pacific Disaster Response Fund and Technical Assistance, Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (all accessed as of 5 February 2021).

(i) No amount/estimate for Timor-Leste: Policy Advice for COVID-19 Economic Recovery in Southeast Asia, covering 9 countries (USD5 million total); (ii) USD1.6 million allocation for TA9950-REG: Regional Support to Address the Outbreak of Coronavirus Disease 2019 and Potential Outbreaks of Other Communicable Diseases. As of 30 January 2021, this has been increased to USD1.92 million [update]; (iii) 18 June 2020, USD1 million in funding under the program, COVID-19 Food Security Emergency Response.

Timor-Leste 08B2 08B2 - Other USD 9,317,380 9,317,380 World Bank. (accessed 18 December 2020). UNDP. (accessed 22 May 2020); USAID. (accessed 26 May 2020); ABC News. (accessed 28 May 2020).

(i) 11 May 2020, almost USD1 million in support from the United Nations Development Group from the UN COVID-19 Response & Recover fund; (ii) USD1.1 million in health assistance to Timor-Leste to help prepare laboratory systems, activate case-finding, support technical experts, among others, from the U.S. Agency for International Development (USAID); (iii) 20 May 2020, AUD10 million in quick financial support from Australia to support Pacific countries hit by both the recent cyclone and pandemic; (iv) 4 December 2020, The World Bank approved a USD1 million emergency project for Timor-Leste to support the country’s fight against COVID-19, specifically, by providing support and strengthening existing systems to meet the challenge of future public health emergencies.

Timor-Leste 09 09 - International Assistance Provided USD
Timor-Leste 09A 09A - Swaps USD
Timor-Leste 09B 09B - International loans/grants USD
Timor-Leste 10 10 - No breakdown USD 100,000,000 100,000,000 IMF. (accessed 27 April 2020).

(i) This amount is part of the USD250 million transferred from the Petroleum Fund (See Health of Measure 5); (ii) As part of the package, the authorities revealed its intention to have a credit program, such as reduced interest rates, credit guarantees for importers of essential goods, and emergency loans, to avoid bankruptcies, keep businesses open, and support households resolve their financial difficulties. (b) closing all schools and training facilities and suspending all face-to-face school activities; limiting public administration to essential public services; and (f) extending validity of licenses, authorizations, visas and residence permits, and other administrative acts and documents;

Timor-Leste 11 11 - Other Economic Measures USD
Timor-Leste 12 12 - Non-Economic Measures USD
Timor-Leste 12A 12A - Measures affecting travel and transport (local and international) USD IMF. (accessed 1 October 2020).

(i) The Government has suspended collective passenger transport; Other measures taken were: (ii) Restricting international travel, including the prohibition of entry of foreigners into national territory, except for foreigners born in Timor-Leste, resident citizens, and legal representatives of minors of Timorese nationality; (iii) Imposing compulsory isolation in a health facility or their homes applies to all those infected with COVID-19 until they are discharged, and all individuals who enter the national territory and all those under the supervision of the authorities will remain in isolation for a period of 14 days and voluntary isolation at home to those who are not in compulsory isolation as well as prohibiting meetings or demonstrations involving the agglomeration of more than five people and any social, cultural, and sporting events; (iv) Starting 29 September 2020, Four land borders will be opened for 3 hours every 17 days for the international travels with important purposes.

Timor-Leste 12B 12B - Measures affecting business and workplace USD
Timor-Leste 12C 12C - Others USD IMF. (accessed 1 October 2020).

(i) 27 March 2020, the President declared the State of Emergency, effective from 28 March to 26 April; (ii) 20 April 2020, The government extended it until end-May; (iii) 4 June 2020, The government approved extending the state of emergency decree for another month, but with “a lot of flexibility,” including reopening schools, resuming religious services, and easing some restrictions on commercial trade. Containment and mitigation measures include obligating all individuals to wear a protective mask covering mouth and nose, wash their hands before entering commercial or service establishments, and maintain a safe distance of at least one meter from other people; (iv) 1 July 2020, The government lifted the state of emergency; (v) As of 6 August 2020, the state of emergency has been re-imposed after the first case after 3 months was confirmed. This state of emergency will be in force until 4 September 2020.