CPII Contributes to Guide for Investors in Liberia
For Immediate Release
Contact: Office of Public Affairs
A new guide for investors in Liberia, a nation that recently has emerged from a decade-long civil war, has been published with support from the Columbia Program on International Investment (CPII). Directed by Law School Professor Karl Sauvant, the CPII is a leader in the global discussion on foreign direct investment.
The Investor’s Guide to Liberia was prepared by the Liberian National Investment Council with assistance from the Columbia Advisory project, led by Dr. Jeffrey D. Sachs and directed by Dr. Macartan N. Humphreys.
The CPII spearheaded the project work on international investment,leading to the presentation of the guide on February 15 at the Liberia Private Sector Investment Forum.
The guide provides an overview of Liberia as a location for foreign direct investment. Outlined are key investment opportunities – such as agriculture, mining, electricity, and tourism – and incentives offered by the government. The guide also describes the operating environment for business, the country’s tax system, and the legal framework for investors.
The Investment Forum, held in Washington, D.C., drew strong participation from the private sector as well as the governments of the Republic of Liberia and the United States.
Liberia’s President Ellen Johnson-Sirleaf, whose 2005 election marked a turning point away from civil conflict, has pledged to bring stability to the nation by fighting corruption and promoting investment.
In her opening message to the Investor’s Guide, she states, “Liberia is open for business: come and help us to rebuild our country.”
The Investor’s Guide to Liberia is available at www.cpii.columbia.edu.