Timor-Leste: East Timor to Elect New President as Oil Revenues Rapidly Run Dry

Mar 19, 2017 | Alexandre Assis, Reuters
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East Timorese flocked to political rallies on the final day of campaigning ahead of Monday's presidential election, as Asia's youngest democracy grapples with persistent poverty and corruption at a time when oil revenues are rapidly running dry. This year's presidential poll and parliamentary elections in July come as concerns mount over the failure to use wealth generated by oil and gas sales to support development and create jobs.