Population: 4.5 million (World Bank, 2015)
Languages: English, 29 African languages belonging to the Mande, Kwa or Mel linguistic groups
Monetary unit: Liberian Dollar, US Dollar is also accepted
Main Exports: Diamonds, iron ore, rubber, timber, coffee, cocoa
GNI per capita: US $380 (World, Bank, 2015)
ODA received: $744 million (World Bank, 2014)
Human Development Index ranking: 175 out of 188 (UNDP, 2020)
Estimated GDP growth: 3.8% (World Bank, 2016)
Liberia is rich with market opportunities. In recent years, private investment has increased considerably with billions of dollars in concession agreements completed or underway in the mineral, petroleum, rubber, timber, and palm oil sectors. There is tremendous potential for this investment to promote wider economic growth through local sourcing. Several multinational corporations are already exploring ways to increase their local procurement and investors are increasingly interested in identifying new growth opportunities.
Building Markets has collected detailed business profiles of over 4,600 SMEs in Liberia. This information is used to identify trends, challenges, and opportunities in the marketplace, to connect local firms to new business opportunities, and to inform products and services offered:
Building Markets provides basic and advanced training across a range of topics to SMEs to improve their competitiveness and success. Training topics including procurement standards, financial literacy, management and business planning, sales and marketing, environmental awareness and practices, and customer service.
Building Markets integrates local SMEs into supply chains and connects them to growth opportunities by making valuable information available to suppliers, buyers, and investors through the following activities:
When you give to Building Markets, you are investing in a data-driven approach to change that is evidence-based and scalable. Your support helps Building Markets deepen impact where we work, enter new global markets, and spur job creation where it matters most.
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