Timor-Leste

A sign in Dili: Timor-Leste "doesn't owe" and "will not pay". (Photo: ETAN/US)

Sources: ETAN, La’o Hamutuk

The government of Timor-Leste must "keep the nation debt-free and refrain from borrowing money from international lenders […] to protect its future generations," warned 137 civil society organizations based in 32 countries. Dili has not borrowed foreign funds since its independence in 2002.