TIMOR LESTE PRAISED OVER TRANSPARENCY STANDARDS
September 1st, 2011
BY KEITH NUTHALL
THE WORLD Bank has publicly praised Timor-Leste for being the first Asia-Pacific country to formally comply with the Extractive Industries Transparency Initiative (EITI) on disclosing oil and gas revenues. Speaking in the capital Dili, bank managing director Sri Mulyani Indrawati said it allowed the country to "manage its precious oil revenues for...future security and prosperity..."
ENDS
THE WORLD Bank has publicly praised Timor-Leste for being the first Asia-Pacific country to formally comply with the Extractive Industries Transparency Initiative (EITI) on disclosing oil and gas revenues. Speaking in the capital Dili, bank managing director Sri Mulyani Indrawati said it allowed the country to "manage its precious oil revenues for...future security and prosperity..."
ENDS
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