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East Timor urged not to borrow

Categories: East Asia, Timor-Leste, Development, Economics & Business

Debt-free East Timor must resist [1] the urge to borrow and avoid the curse of other developing nations whose huge foreign loans have stunted progress. This was the message of 117 organizations based in 28 countries and 20 groups in East Timor who signed a statement [2] addressed to the government.