The Intent is to Identify priority areas for public infrastructure investments and for the location of major private investments.
Economic Growth Model
Central to the growth and wealth creation statetgy is the development of ‘growth corridors’. The intent is to identify priority areas for public infrastructure investments and for the location of major private investments in mining, agriculture, manufacturing, services, etc. The growth corridors are comprised of four existing areas – Monrovia-Buchanan, Monrovia- Ganta, Monrovia-Bo Waterside and Monrovia-Gbarpolu – and also for future areas –Buchanan-Nimba, Monrovia-Bong, Monrovia-Camp, No Way and Greenville-Putu.
Available Natural Resources for Growth
Liberia has a vast amount of exploitable natural resources available to attract investment. Growth corridors developed by the government provide an excellent overview of such resources and attempt to provide insights for a strategy along those corridors with the aim of overcoming major constraints to investment. In addition, The World Bank’s (2008) comprehensive diagnostic trade integration study for Liberia analyzes potential returns from commercial exploration of key sources –such as tree crops and other agricultural products, mining, petroleum, wood and fisheries –as well as from their value chain benefits. In summary, resources are plentiful.
Access To A Large Untapped Market
The country’s coastal location grants it easy accses toa wide rnge of markets, including Eurpian Union and the Unites States, as well as south Africa. It also has access to 15 regional markets of the Economic Community Of West African states, with 335 million potential consumers, and Mono River Union, with 40 million potential consumers.