Making Australia Conflict with Fog, Timor Leste Turns to Start Considering China as a Place to Seek Aid, This is the Reason

GridHot.ID –Timor Leste used to be part of the country Indonesia.

However, in 1999, Timor Leste choose to escape.

So how is it Timor Leste now?

The country nicknamed ‘Earth of Lorosae’ is in fact ranked 159th the poorest country in the world from 162 countries, quoted from the United Nations Development Program (UNDP) report

Meanwhile, so far the income has come from the results oil still a mainstay Timor Leste.

Also Read: Even though it could be as rich as the Arab oil tycoons, Timor Leste ends up being the poorest country in the world, this is the reason

However, with the current conditions of the Covid-19 pandemic and the falling global oil and gas prices, Timor Leste is even more squeezed.

His long-standing dream of creating a domestic petroleum industry that would end its dependence on foreign aid and secure its survival as a sovereign nation is getting away from sight.

Timor Leste’s only hope of saving his dream now depends on China’s loan, which China is only willing to give on the condition that Australia is most feared.

Also Read: Poor Country, Ramos Horta Accuses Bank Mandiri and BRI of Becoming the Economic Killer of Timor Leste, Angry When They Know This Fact

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