Financial Priority: Drafting of Operational Regulation and Procedures of the Marine Development Fund

The project aims to draft and finalize regulation on the functions, management, and disbursement procedure of the Marine Development Fund.The Strategic Approach/Methodology: Drafting of the regulation must take into account previous experiences in disbursement of micro credit in Timor-Leste, and at least one of the experts involved must have had incountry experience of at least three years. The Ministry of Agriculture and Fisheries will supervise the processand conduct consultations with the Ministry of Planning and Finance.

This document was presented by the Timor-Leste CTI NCC at the first CTI High Level Financial Roundtable in Manila on May 3, 2012.