Jose Ramos-Horta

The government can access these funds but only following approval by the parliament to support our budget requirements and investments in infrastructure development, education, public health, and so on.

We do not have a budget support. We are now fully independent in terms of requirements, but we still have a need for development assistance separate from the budget. So all the economic aid we receive is for development assistance.

In the case of Iraq, notwithstanding the violence there at the moment, the very fact that a hideous regime - responsible for genocide, for the use of chemical and biological weapons, aggression against two neighbors - has been removed in itself is a positive development.

Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.

Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.