We do have some assistance from the World Bank but not from the IMF. We are not borrowing yet, but we are considering, in the future, borrowing from the Kuwait Fund to support our infrastructure development.

The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO.

World Bank is a bank that's focused on economic development and poverty alleviation.

Ten or 15 years ago the IMF and the World Bank were out there making little loans here and there, but they weren't out saving the world, ... They've been unfairly criticized of doing a bad job.

We have already significant sums of money in our petroleum fund, a fund created by law that includes all the revenues received from the Timor Sea, and invests in conservative, safe, long-term investment portfolios - right now in US Treasury Bonds.

The World Bank can only survive if it's spending money.