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23 Jan 2023

Timor-Leste: Expansion of Financial Services

The technical assistance (TA) was requested by the Government of Timor-Leste to support the commercial transformation of locally owned Banco Nacional de Comércio de Timor-Leste (BNCTL), specifically on upgrading its institutional capacity and governance arrangements.
This report validates the completion report's assessment of the TA. 
IED overall assessment is less than successful.

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Independent Evaluation Department, Asian Development Bank
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