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After peace was secured, the Timor-Leste government began to address the challenge of developing the economy. After centuries of colonial rule, the economy 80 percent farm on small pieces of land (Figure 7.24). The foreign aid pouring into the country helped to address short-term human needs. However, it did not help to start businesses. was very weak. Most people live in rural areas. About Although quality of life is low, the East Timorese remain hopeful because of newly discovered oil. Timor-Leste has rich undersea oil deposits. Timor- Leste's oil royalties go into the Timor-Leste Petroleum Fund. This fund was worth about US$12 billion in 2013. Income from the fund supplies 90 percent of all government revenue. To prevent corruption, the government has committed itself to being open and transparent. The fund helps to rebuild Timor-Leste. Improving quality of life for everyone, however, will take time. Healthcare is one of the services that needs rebuilding. After the 1999 conflict, 70 percent of the medical buildings were destroyed. Only 20 doctors remained in the country. Additionally, less than 19 percent of rural people have electricity in their homes. Most of the new investment in the country has been focused on the urban areas. chiefly on the capital city of Dili
