Timor Leste20 May 2026 10:17
Monday 18th Council of State meeting
During the meeting, Prime Minister Kay Rala Xanana GusmΓ£o presented four priority topics for the country, namely the Government's policy and strategy to respond to the impacts of international crises on the national economy and their social consequences; the status of negotiations with partner oil companies in the development of the Greater Sunrise field; negotiations with Indonesia on land and sea borders; and technical preparations for the 2027 Presidential Elections.
The Governor of the Central Bank of Timor-Leste, HΓ©lder Lopes, also participated in the meeting, at the invitation of the Council of State, complementing the Prime Minister's presentation with information on the management of the Petroleum Fund and the national financial situation.
Within the framework of economic analysis, it was highlighted that the management of the Petroleum Fund and the maintenance of reserves in US dollars have allowed the country to mitigate the social impacts associated with the increase in energy and consumer goods prices.
The Council of State is chaired by the President of the Republic and includes, among other members, the President of the National Parliament, the Prime Minister, the President of the Court of Appeal, the Ombudsman for Human Rights and Justice, former Presidents of the Republic, and individuals appointed by the President of the Republic and the National Parliament.
https://timor-leste.gov.tl/?p=49201&n=1&lang=pt