East Timor President Vetoes Decree as Forces Wrangle over Natural Gas Fields

Posted on 12/25/2018


East Timor has grown its sovereign wealth fund to around US$ 17 billion. On December 14, 2018, East Timor President Francisco Guterres, popularly known as Lú-Olo, vetoed a government decree that would expand access to the Timor-Leste Petroleum Fund to use for energy projects. President Guterres argued the veto was used to prevent the “over-stretching […]