East Timorese vendors sell goods in the market in capital city of Dili
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East Timor looks to spend new energy fund bonanza

East Timor is one of the poorest nations in Asia and also one of the newest.

Having achieved independence eleven years ago, it has relied on outside help for many years.

But that could be about to change.

Vast offshore oil and gas fields in the Timor Sea have led to the formation of a petroleum and gas fund worth an estimated $11.7bn (£7.6bn).

A recent report by the International Crisis group warned that it will be hard for the nation to make progress in providing economic opportunities without exhausting some of those revenues.

The BBC's Sharanjit Leyl spoke to East Timor's prime minister Xanana Gusmao.

  • 06 Jun 2013