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FIXPEKANBARU.COM – Timor Leste has always been overshadowed by poverty.
Timor Leste is recorded to rank 152nd of the 162 poorest countries in the world.
The 2020 MPI survey also shows that Timor Leste has a poverty value of 0.210 or 45.8 percent.
The condition was exacerbated by the presence of Covid-19, which wiped out the economy in many countries, including Timor Leste.
As a result, many residents lost their jobs and were unable to pay off bank loans.
For this reason, the former president of Timor Leste, Ramos Horta expressed his anger with the Central Bank of Timor-Leste (BCTL) or the Central Bank of Timor Leste.
Also read: Oops! THERE IS A RELATIONSHIP WHAT ARE THE Super Noodles and Indonesian Cigarettes behind the misery of Timor Leste?
Ramos Horta wrote his own opinion on the current economic situation in Timor Leste.
The following is an excerpt from the opinion written by Ramos Horta that was published in The Oecution Post on September 11, 2020, as reported by Zonajakarta.com in the article: “Wrath, Ramos Horta: Bank Mandiri and BRI Kill the Economy of Timor Leste! “
“It is amazing (or not) how the Government and the Central Bank are silent on the cruel interest charged by the branches of foreign banks, namely BNU / CGS, MANDIRI, BRI and ANZ BANK, which averaged 16 percent or more.
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