East Timor: The world’s most important sovereign wealth fund?

East Timor’s only shot

Barely six years old, the country’s sovereign wealth fund is ranked as the third best-run in the world and already has $3 billion under management, growing at $180 million a month. But its cautious approach to investment is proving frustrating in one of the world’s poorest countries. Chris Wright reports.

In dire need of credit

PICTURE TWO COUNTRIES. One has an infant mortality rate of almost 10% and a male life expectancy of 47, while 40% of the population lives under the poverty line.