Economic and Social Development: Accra Peace Agreement

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Economic and Social Development: Accra Peace Agreement

Implementations

Economic and Social Development – 2003

Progress regarding developmental projects was not available.

Economic and Social Development – 2004

The Contract and Monopoly Commission, and the Governance Reform Commissions, were established in February 2004 along with five other autonomous commissions mandated by the peace agreement.1

  1. “Liberia; JPC Boss Chairs Elections Commission As Govt. Constitutes Five Commissions,” Africa News, February 2, 2004.

Economic and Social Development – 2005

No further developments occurred this year. In 2005, GDP grew by 5.3 percent.1“Post_Conflict Liberia: From Tragedy to Opportunity,” Address By Liberia’s President Ellen Johnson Sirleaf, University of Legon Accra, Ghana, February 19, 2010, http://www.emansion.gov.lr/doc/2_19_10_Address_at_University_of_Legon.pd…

Economic and Social Development – 2006

No further developments occurred this year. In 2006, GDP grew by 7.8 percent, up from 5.3 percent in 2005.1

  1. Ibid.

Economic and Social Development – 2007

By the end of 2007, Liberia had reached US$4.9 billion in external debt. Nevertheless, some of the debts were cancelled under the Heavily Indebted Poor Countries (HIPC) Initiative. Details regarding development projects are not avaiale. Nevertheless, in 2007, GDP grew by 9.5 percent.1

  1. Ibid.

Economic and Social Development – 2008

No developments observed this year.

Economic and Social Development – 2009

No developments observed this year.

Economic and Social Development – 2010

As of 2010, the external debt had been reduced to US$ 1.7 billion. Liberia had made significant economic progress in the post agreement period. Its mining and forest industries are now back.1 Liberia is gradually picking up economic activities that are more community driven and sustainable.

  1. Ibid.

Economic and Social Development – 2011

No further developments observed.

Economic and Social Development – 2012

No further developments observed.