Liberia

Settlement of freed slaves from the US in what is today Liberia began in 1822; by 1847, the Americo-Liberians were able to establish a republic. William TUBMAN, president from 1944-71, did much to promote foreign investment and to bridge the economic, social, and political gaps between the descendents of the original settlers and the inhabitants of the interior. In 1980, a military coup led by Samuel DOE assassinated President William TOLBERT (1971-80) and ushered in a decade of authoritarian rule followed by a prolonged civil war, in which DOE himself was killed.

In August 2003, a comprehensive peace agreement ended 14 years of intermittent fighting and prompted the resignation of former president Charles TAYLOR, who was exiled to Nigeria. After two years of rule by a transitional government, democratic elections in late 2005 brought President Ellen JOHNSON-SIRLEAF to power. The UN Mission in Liberia (UNMIL), which maintains a strong presence throughout the country, completed a disarmament program for former combatants in late 2004, but the security situation is still volatile and the process of rebuilding the social and economic structure of this war-torn country remains sluggish.

chief of state:

President Ellen JOHNSON-SIRLEAF (since 16 January 2006); note - the President is both the chief of state and head of government

head of government:

President Ellen JOHNSON-SIRLEAF (since 6 January 2006); note - the President is both the chief of state and head of government

cabinet:

Cabinet appointed by the president and confirmed by the Senate

elections:

president elected by popular vote for a six-year term (eligible for a second term); election last held 8 November 2005 (next to be held NA 2011)

election results:

Ellen JOHNSON-SIRLEAF elected president; percent of vote, second round - Ellen JOHNSON-SIRLEAF (UP) 59.6%, George WEAH (CDC) 40.4%

note: a UN-brokered cease-fire among warring factions and the Liberian Government resulted in the August 2003 resignation of former president, Charles TAYLOR; a jointly agreed upon replacement, Chairman Gyude BRYANT, assumed office as head of the National Transitional Government on 14 October 2003; free elections were held 11 October 2005, with a runoff election between the two leading candidates on 8 November 2005

Civil war and government mismanagement have destroyed much of Liberia's economy, especially the infrastructure in and around Monrovia, while continued international sanctions on diamonds and timber exports will limit growth prospects for the foreseeable future. Many businessmen have fled the country, taking capital and expertise with them.

Some have returned, but many will not. Richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, Liberia had been a producer and exporter of basic products - primarily raw timber and rubber. Local manufacturing, mainly foreign owned, had been small in scope.

The departure of the former president, Charles TAYLOR, to Nigeria in August 2003, the establishment of the all-inclusive Transitional Government, and the arrival of a UN mission have helped defuse the political crisis, but have done little to encourage economic development. Wealthy international donors, who are ready to assist reconstruction efforts, are withholding funding until Liberia's National Assembly signs onto a Governance and Economic Management Action Plan (GEMAP). The Plan was created in October 2005 by the International Contact Group for Liberia to help ensure transparent revenue collection and allocation - something that was lacking under the Transitional Government and that has limited Liberia's economic recovery.

The reconstruction of infrastructure and the raising of incomes in this ravaged economy will largely depend on generous financial support and technical assistance from donor countries.

total:

1,687 ships (1000 GRT or over) 62,522,787 GRT/96,776,521 DWT

by type:

barge carrier 3, bulk carrier 322, cargo 83, chemical tanker 199, combination ore/oil 2, container 477, liquefied gas 75, passenger 2, passenger/cargo 1, petroleum tanker 397, refrigerated cargo 76, roll on/roll off 4, specialized tanker 11, vehicle carrier 35

foreign-owned:

1,611 (Argentina 7, Australia 2, Austria 13, Bahamas, The 1, Bermuda 1, Brazil 3, Canada 2, China 35, Croatia 7, Cyprus 3, Denmark 8, Estonia 1, France 3, Germany 587, Greece 267, Hong Kong 37, India 3, Indonesia 1, Isle of Man 5, Israel 5, Italy 16, Japan 102, South Korea 3, Kuwait 1, Latvia 14, Lebanon 2, Mexico 1, Monaco 10, Netherlands 29, Norway 38, Poland 14, Qatar 2, Russia 77, Saudi Arabia 24, Singapore 28, Slovenia 2, Sweden 8, Switzerland 7, Taiwan 69, Turkey 1, UAE 18, UK 41, Ukraine 16, Uruguay 3, US 93, unknown 1) (2006)