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

The fourth EITI Report was published on 15 May 2013, including an attempt to establish what should have been paid. Learn more about the Report here.

Liberia has done a recent audit, investigating to what extent procedures were followed on the awarding of concessions, contracts, licenses and other rights between July 2009 and December 2011.

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

 

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Innovations

 

 

 

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National Coordinator

Liberia
Head of Secretariat
LEITI
+231770259734 / Mobile: +231880299213

International Secretariat

Liberia
Deputy Head and Regional Director for Africa and the Middle East

Facts & Figures

Latest Eiti Report: 2011 Report
Deadline for next Eiti report: Monday, 30 June 2014
Number of fiscal years published: 4