Xanana Gusmao

Substantial changes proposed for East Timor’s Petroleum Fund law will expose the nation’s finances to high risk and open the door to corruption. Just a few years ago the fund was widely praised as a model of prudential and sustainable management, and a means of possibly escaping the “resource curse” of waste and corruption. That is all about to change. East Timor's AMP government, led by Xanana Gusmao, has a bill before parliament that removes most of the prudential controls on the fund.
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