Timor-Leste Petroleum Fund
|East Timor||US$ 14.6 Billion|
Transparency Rating: 8
View Sovereign Fund Transaction Data
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|Origin: Oil & Gas
Firm Investment Style: Index
Entity Structure: Fund
Pop Est.: 1,176,000 – 2011 Estimate
Wealth Per Capita Est.: $12,415
The government of Timor-Leste announced the inception of the Timor-Leste Petroleum Fund in August of 2005. The Minister of Planning and Finance of the government of Timor-Leste, is responsible for managing the fund. The Minister of Planning and Finance; however, signed an agreement with the Banking and Payment Authority to take responsibility of the fund.
By the end of 2007, the sovereign fund’s balance was slightly over US$ 2 billion.
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