Liberia Foreign Investments

(UNCLASSIFIED) Despite significant progress, Liberia still lags in promoting the effective rule of law. The judicial system remains vulnerable to political interference, and property rights are not strongly protected. Lingering corruption further undermines freedom and hampers the emergence of more vibrant economic activity.Liberia has benefited from over USD 16 billion in FDI commitments since the end of the war in iron ore, forestry, rubber and palm oil. The government is promoting increased local business linkages with these global value chains in order to increase the capacity and value added of the local private sector while also increasing employment and the skills base. However, the capacity of the local private sector currently limits participation, while it is also bound by severe infrastructure constraints. Investment to address infrastructure bottlenecks is moving forward. The business environment, which is being supported by increased dialogue with stakeholders and improved information sharing, will also need further enhancement.Liberia’s average tariff rate is 10.4 percent. The government restricts foreign investment in several sectors. The financial sector remains vulnerable to political influence and institutional instability. The scarce access to financing continues to impede much-needed entrepreneurial activity and private-sector development. The financial sector is dominated by banking, but a large part of the population remains outside of the formal banking sector. Attribute Table Field DescriptionsISO3 - International Organization for Standardization 3-digit country code ADM0_NAME - Administration level zero identification / name ADM1_NAME - Administration level one identification/name ADM2_NAME - Administration level two identification / name NAME - Name of foreign investment project SECTOR - Sector of foreign investment project DESCRIP - Description of foreign investment project LEND_INSTR - Lending Instrument CITY - City location VALUE - Value of foreign investment in millions APP_DATE - Date application was approved APP_YEAR - Year application was approved SPA_ACC - Spatial accuracy of site location (1 – high, 2 – medium, 3 – low, 4 – regional, 5 – country) SOURCE_DT - Primary source creation date SOURCE - Primary source SOURCE2_DT - Secondary source creation date SOURCE2 - Secondary source CollectionThe feature class was generated utilizing data from the UNDP, AFDB, and The World Bank.The data included herein have not been derived from a registered survey and should be considered approximate unless otherwise defined. While rigorous steps have been taken to ensure the quality of each dataset, DigitalGlobe is not responsible for the accuracy and completeness of data compiled from outside sources.Sources (HGIS)The Heritage Foundation. “Liberia Economy.” Index of Economic Freedom. 2014. Accessed September 29, 2014. http://www.heritage.org.The World Bank. “Liberia.” The World Bank. 2014. Accessed September 29, 2014. http://www.worldbank.org.Sources (Metadata)Hettinger, O.; Kilo, M.; Perrault, F. “Liberia Country Strategy Paper 2013-2017.” African Development Bank Group. June 2013. Accessed September 29, 2014. http://www.afdb.org.The Heritage Foundation. “Liberia Economy.” Index of Economic Freedom. 2014. Accessed September 29, 2014. http://www.heritage.org.Hettinger, P.; James, J. “Liberia 2014.” African Economic Outlook. 2014. Accessed September 29, 2014. http://www.africaneconomicoutlook.org.The World Bank. “Liberia.” The World Bank. 2014. Accessed September 29, 2014. http://www.worldbank.org.