Liberia Liberia

EITI Status

EITI Status: 
Compliant country

Compliant since

Compliant since: 
14 October 2009

Extractive Industries

Liberia is rich in natural resources, notably iron ore, diamonds, gold, timber and rubber. All of these sectors suffered dramatically during the civil war that ended in 2003. During the 14 years of war, all major mines were closed and the mineral sector’s contribution to the economy was reduced to a negligible level. In 2010, Liberia made significant progress in reviving the mining sector, which before 1990 had contributed more than 65% of the country’s export earnings and represented about 25% of the country’s gross domestic product (GDP). In 2010, the contribution of the mining sector to the GDP was 0.9%.

The mineral commodities produced included cement, diamond and gold. Liberia’s undeveloped mineral resources included base metals, such as cobalt, lead, manganese, nickel,and tin, and industrial minerals, such as dolorite, granite, ilmenite, kyanite, phosphate rock, rutile, silica sand and sulfur.The agriculture sector continues to be the leading contributor to growth followed by the services sector. The mining sector’s contribution to growth has tripled (from 3.7% in 2011 to 10.4% in 2012) due to an expansion of iron ore production.

EITI Reporting

The country produces EITI Reports that disclose revenues from the extraction of its natural resources. Companies disclose what they have paid in taxes and other payments and the government discloses what it has received. These two sets of figures are compared and reconciled.

EITI Implementation

Liberia’s 5th EITI Report covering the fiscal year 2011/12 was published in June 2014. The report covers the oil, mining, agriculture and forestry sectors. Total revenue was roughly US $110 million, of which mining contributed 52%, agriculture 25%, oil 13% and forestry 10%. Read the report here

Liberia is using the EITI process innovatively to investigate key areas of concern – particularly whether contracts were allocated correctly, but also whether companies paid what they should and whether earmarked funding went where it should. 
 
Liberia has done an  audit, investigating to what extent procedures were followed on the awarding of concessions, contracts, licenses and other rights between July 2009 and December 2011. Read more here.  
 
Generally data collection systems are weak, which affects the reliability of data.  However, there is more information becoming available through the government cadaster system.  There is considerable scope to integrate the EITI production and revenue data with the cadaster system.
 

Strategic two-year work plan on incentivizing EITI implementation (for the period covering July 1, 2012 – June 30, 2014) 

See Liberia's EITI implementation timeline

Read more

Innovations

 

 

 

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National Coordinator

Liberia
Head of Secretariat (Acting)
LEITI

International Secretariat

Liberia
Country Officer
EITI International Secretariat
+47 21685391
Liberia
Regional Director for West and East Africa
EITI International Secretariat
+47 21685390

Facts & Figures

Latest Eiti Report: 2012 Report
Deadline for next Eiti report: Tuesday, 30 June 2015
Number of fiscal years published: 5