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Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study

Liberia - Tapping Nature’s Bounty for the Benefits of All : Diagnostic Trade Integration Study, Volume 1. Main Report

ACCESS TO CAPITAL ACCOUNTING AGRICULTURE ARREARS AUCTION AUCTION SYSTEM AUCTIONS BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK LENDING BANKING SECTOR BARRIERS TO ENTRY BIDS BROAD MONEY CASH PAYMENTS CDS CENTRAL BANK CIVIL WAR COLLATERAL COLLECTIVE ACTION COMMERCIAL BANKS COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVE MARKET COMPREHENSIVE STRATEGY CONSUMER GOODS CONSUMERS CREDIT UNIONS CREDITWORTHINESS CROP VALUE CURRENCY CURRENCY MARKET CUSTODY DEBT RELIEF DEMAND FOR MONEY DEPOSIT DEPOSITS DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DEVELOPMENT PATH DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DOMESTIC DEBT DOMESTIC MARKET DONOR AGENCIES DUE DILIGENCE ECONOMIC SECTORS ECONOMIES OF SCALE ENTERPRISE ASSISTANCE ENVIRONMENTAL IMPACTS ENVIRONMENTAL ISSUES EQUITY CAPITAL EXCHANGE RATES EXCISE TAXES EXPENDITURES EXPORT COMPETITIVENESS EXPORT SECTORS EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT FINANCE COMPANY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FOOD PRICE FORECASTS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENT GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GOVERNMENT BUDGET GOVERNMENT CAPACITY GOVERNMENT EXPENDITURES GOVERNMENT FINANCES GOVERNMENT REVENUE GOVERNMENT REVENUES GROWTH RATE GROWTH WITHOUT DEVELOPMENT HOLDING HOLDINGS HUMAN CAPITAL INCOME TAX INDUSTRIALIZATION INFLATION INFORMATION SERVICES INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSTRUMENT INTEREST RATES INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE INTERNATIONAL TRANSACTIONS INVESTING INVESTMENT CLIMATE INVESTMENT FINANCING ISSUANCE ISSUANCE OF GOVERNMENT SECURITIES ITC LAND OWNERSHIP LAND OWNERSHIPS LDCS LENDER LENDER OF LAST RESORT LEVY LIBERALIZATION LIQUID ASSETS LIQUIDITY LIVING STANDARDS LOAN LOAN RATE LOAN RECOVERY LOCAL BANKS LOCAL CURRENCY LOCAL INVESTORS LOCAL MARKET MACROECONOMIC CONDITIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMICS MARKET ACCESS MARKET FOR GOVERNMENT SECURITIES MARKET INFORMATION MARKET PRICES MEDIUM OF EXCHANGE MICRO-FINANCE MICRO-FINANCE INSTITUTION MICROFINANCE MICROFINANCE INSTITUTIONS MONETARY AUTHORITIES MONETARY FUND MONETARY POLICY MONEY SUPPLY MORTGAGE NATIONAL INVESTMENT NATIONAL OUTPUT NATURAL RESOURCE NATURAL RESOURCES OPEN MARKET OUTSOURCING OVERSEAS BANKS OVERVALUATION PER CAPITA INCOME PERSONAL INCOME PERSONAL LOAN POLICY CREDIBILITY POSITIVE EFFECTS POVERTY ALLEVIATION PRICE CONTROLS PRICE STABILITY PRIVATE INVESTORS PRIVATIZATION PROPERTY RIGHTS PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC-PRIVATE PARTNERSHIP RATES OF INFLATION RATES OF INTEREST REAL EXCHANGE RATE REAL GDP REGIONAL INTEGRATION REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY STRUCTURE REMITTANCES RENEGOTIATION RESERVES RETAIL BANKING RETURN RETURNS RISK MANAGEMENT SAVINGS SAVINGS RATE SECURITY ARRANGEMENTS SETTLEMENT SMALL ENTREPRENEURS SMALL LOANS SUPERVISORY AUTHORITY SUSTAINABLE DEVELOPMENT TAX TAX EXEMPTIONS TAX INCENTIVES TAX OBLIGATION TAX RATE TAX REVENUES TAXATION TECHNICAL ASSISTANCE TIME DEPOSIT TRADE DEFICIT TRADE POLICY TRADE REGIME TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPARENCY INITIATIVE UNEMPLOYMENT UNFAIR COMPETITION VALUE ADDED WAREHOUSE WEALTH WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WTO
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Washington, DC
Africa | Liberia
2012-06-14T17:06:08Z | 2012-06-14T17:06:08Z | 2008-12

Liberia is a rich country, badly managed. This is a favorite comment of President Ellen Johnson-Sirleaf and an accurate one. The bad management is well-known, though perhaps not its duration and depth. Created in 1847, the country is far older than almost all others in sub- Saharan Africa. But for most of this time, it was ruled by an elite descended from African-American settlers who ignored or exploited the indigenous people. The result was growth without development, stark inequality, social tension and the seeds of unrest. The political order was turned upside down in a bloody coup in 1980, but bad management continued. Within ten years the country descended into civil war from which it only emerged in 2003. The 90 percent decline in Gross Domestic Product (GDP) is possibly the most extreme economic collapse ever experienced in the world. This study lays out a comprehensive pro poor trade strategy in support of the medium-term growth agenda of Liberia. The new Poverty Reduction Strategy (PRS) for Liberia recognizes all this. Indeed, this Diagnostic Trade Integration Study (DTIS) and the PRS were developed in parallel and with considerable cross-fertilization. A joint workshop was held on the productive sectors in February 2008. The role of this study is therefore to reinforce the message contained in the PRS, deepen the analysis, and offer some practical next steps.

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