COUNTRY Food Security Update

Total Page:16

File Type:pdf, Size:1020Kb

COUNTRY Food Security Update LIBERIA Food Security Outlook Update August 2016 Early Harvests and Wild Food Collection Ease Lean Season Pressure on Households KEY MESSAGES Projected food security outcomes, August to September 2016 • Households are harvesting cassava and local vegetables as well as collecting wild foods including snail, yam, mushroom, and palm nut in order to access food during the lean season. These foods, along with imported rice, are allowing for seasonally normal consumption. Minimal (IPC Phase 1) acute food security outcomes will continue across the country from August through January. • The main 2016/17 rice and cassava harvests will start on time in August/September in the southeastern region and in October/November in the northern and central areas. Production of local vegetables including peanuts, corn, cucumber, cabbage, eggplant, pepper and bitter balls is also continuing. These harvests are expected to be at average levels and will mark the end of the lean season as household food availability fully recovers. • Livelihood and income earning opportunities will also improve with Source: FEWS NET the harvests. Cash and in-kind payments from crops, the return of Projected food security outcomes, October to active fishing in October, land preparations for off-season crop January 2017 cultivation in January and construction labor contracts during the dry season are expected to improve household income and market access through the outlook period. • Certain households, particularly in Montserrado, Margibi, Bomi and Bong Counties, lost their jobs due to the decline of rubber and iron ore exports as international prices also declined. These households, which make up less than 20 percent of the population in affected areas, are meeting minimal food needs, through intensified charcoal production, migration for labor opportunities, remittances, and borrowing. They are expected to be in Stressed (IPC Phase 2) food insecurity through January 2017. CURRENT SITUATION Seasonal progress: Heavy downpours in many coastal and southeastern Source: FEWS NET areas have caused atypically severe floods in the lowlands. This rain This map represents acute food insecurity outcomes has affected rice and vegetables planted in the swamps in certain areas relevant for emergency decision-making. It does not necessarily reflect chronic food insecurity. Visit across the country. Upland rice and tree crops such as cocoa, coffee, www.fews.net/IPC for more on this scale. palm and rubber are growing normally. There have been no reports of crop damage from seasonally typical caterpillar outbreaks in the northwestern and central areas including Gbarpolu, Lofa, Bong and Grand Bassa. The infestations have been suppressed by both heavy downpours and pest management measures supported by the government and partners. FEWS NET LIBERIA FEWS NET is a USAID-funded activity. The content of this report does not necessarily reflect [email protected] the view of the United States Agency for International Development or the United States www.fews.net Government. LIBERIA Food Security Outlook Update August 2016 Rural livelihood activities: Farmers are weeding and fencing upland rice Figure 1. CHIRPS rainfall anomalies between and cassava across the country. In some areas, they are also preparing May and July 2016 (mm) sites and planting lowland rice as well as rehabilitating cocoa, coffee and palm farms. Households are harvesting cassava and vegetables as well as collecting wild foods and labor contracts linked to these harvests are providing incomes at seasonally normal levels. Seasonally typical washed out road conditions have affected transportation, trade and commercial activities in Sinoe, Lofa, Nimba, Grand Gedeh and Gbarpolu Counties. There is growing concern about job losses in the rubber industry for hundreds of workers as Firestone, the largest employer in the sector, announced that it is reducing local operations and downsizing staff. Source: FEWS NET Many small and medium plantations have also been downsizing due to low demand and prices of rubber on international markets. The prices Figure 2. International TSR20 rubber prices of rubber and iron ore, Liberia’s two major export commodities, are ($/kg) declining again following slight improvement during the past two months (Figure 2). Economic recovery: In a move by the Government to try to increase the use of local currency, reduce the outflow of USD and potentially improve local market activity, civil servants started receiving 50% of their allowances in Liberian Dollars as opposed to USD. Although there may be economic benefits in the long term, the switch means civil servants have lower purchasing power as business transactions are done mostly in USD which has a higher value. The Liberian Dollar has been depreciating (Figure 3), with the official exchange rate down to L$96/97 to 1 USD from 90 in February 2016. The Central Bank of Liberia attributed this depreciation to declining exports and poor circulation of Source: World Bank Pink Sheet both currencies. Some consumers and traders report that the deterioration is causing inflation of imported foods across the country. Figure 3. Trends of Liberian dollar to US dollar exchange rate 0.0118 0.0116 UPDATED ASSUMPTIONS 0.0114 The current situation has not affected the assumptions used in 0.0112 0.011 developing FEWS NET’s most likely scenario for the period of June 2016 0.0108 0.0106 to January 2017. A full discussion of the scenario is available in FEWS 0.0104 NET’s most recent Food Security Outlook. PROJECTED OUTLOOK THROUGH JANUARY 2017 Source: OANDA All areas of Liberia will remain in Minimal (IPC Phase 1) acute food insecurity between August 2016 and January 2017 due to seasonally normal incomes and food sources. Households are harvesting cassava and local vegetables. These harvests, along with wild food collection and imported rice are enabling household food consumption at seasonally normal levels. However, households who have been affected by unemployment due to reduced international rubber prices which make up less than 20 percent of the total population in affected areas, are only meeting minimal food needs. They are intensifying charcoal production, migration, remittances, and borrowing but face difficulties in meeting their basic non-food expenditures, and are expected to be in Stressed (IPC Phase 2) food insecurity through January 2017. Famine Early Warning Systems Network 2 .
Recommended publications
  • CBL Annual Report 2019
    Central Bank of Liberia Annual Report 2019 Central Bank of Liberia Annual Report January 1 to December 31, 2019 © Central Bank of Liberia 2019 This Annual Report is in line with part XI Section 49 (1) of the Central Bank of Liberia (CBL) Act of 1999. The contents include: (a) report on the Bank’s operations and affairs during the year; and (b) report on the state of the economy, which includes information on the financial sector, the growth of monetary aggregates, financial markets developments, and balance of payments performance. i | P a g e Central Bank of Liberia Annual Report 2019 CENTRAL BANK OF LIBERIA Office of the Executive Governor January 27, 2020 His Excellency Dr. George Manneh Weah PRESIDENT Republic of Liberia Executive Mansion Capitol Hill Monrovia, Liberia Dear President Weah: In accordance with part XI Section 49(1) of the Central Bank of Liberia (CBL) Act of 1999, I have the honor on behalf of the Board of Governors and Management of the Bank to submit, herewith, the Annual Report of the CBL to the Government of Liberia for the period January 1 to December 31, 2019. Please accept, Mr. President, the assurances of my highest esteem. Respectfully yours, J. Aloysius Tarlue, Jr. EXECUTIVE GOVERNOR P.O. BOX 2048, LYNCH & ASHMUN STREETS, MONROVIA, LIBERIA Tel.: (231) 555 960 556 Website: www.cbl.org.lr ii | P a g e Central Bank of Liberia Annual Report 2019 Table of Contents ACRONYMS ............................................................................................................................. ix FORWARD ..................................................................................................................................1 The Central Bank of Liberia’s Vision, Mission and Objectives, Function and Autonomy ……4 EXECUTIVE SUMMARY………………………………………………..……….………………6 HIGHLIGHTS .........................................................................................................................
    [Show full text]
  • Annex a Italian “White List” Countries and Lists of Supranational Entities and Central Banks (Identified by Acupay System LLC As of July 1, 2014)
    Important Notice The Depository Trust Company B #: 1361-14 Date: July 17, 2014 To: All Participants Category: Dividends From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief – Country: Italy Intesa Sanpaolo S.p.A. CUSIP: 46115HAP2 Subject: Record Date: 12/28/2014 Payable Date: 01/12/2015 EDS Cut-Off: 01/09/2015 8:00 P.M Participants can use DTC’s Elective Dividend System (EDS) function over the Participant Terminal System (PTS) or Tax Relief option on the Participant Browser System (PBS) web site to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult the PTS or PBS function TAXI or TaxInfo respectively before certifying their elections over PTS or PBS. Important: Prior to certifying tax withholding elections, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TAXI or TaxInfo in PTS or PBS respectively. ***Please read this Important Notice fully to ensure that the self-certification document is sent to the agent by the indicated deadline*** Questions regarding this Important Notice may be directed to Acupay 212-422-1222. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor.
    [Show full text]
  • Liberia: Background and U.S
    Liberia: Background and U.S. Relations February 14, 2020 Congressional Research Service https://crsreports.congress.gov R46226 SUMMARY R46226 Liberia: Background and U.S. Relations February 14, 2020 Introduction. Congress has shown enduring interest in Liberia, a small coastal West African country of about 4.8 million people. The United States played a key role in the Tomas F. Husted country’s founding, and bilateral ties generally have remained close despite significant Analyst in African Affairs strains during Liberia’s two civil wars (1989-1997 and 1999-2003). Congress has appropriated considerable foreign assistance for Liberia, and has held hearings on the country’s postwar trajectory and development. In recent years, congressional interest partly has centered on the immigration status of over 80,000 Liberian nationals resident in the United States. Liberia participates in the House Democracy Partnership, a U.S. House of Representatives legislative- strengthening initiative that revolves around peer-to-peer engagement. Background. Liberia’s conflicts caused hundreds of thousands of deaths, spurred massive displacement, and devastated the country’s economy and infrastructure, aggravating existing development challenges. Postwar foreign assistance supported a recovery characterized by high economic growth and modest improvements across various sectors. An Ebola outbreak from 2014-2016 cut short this progress; nearly 5,000 Liberians died from the virus, which overwhelmed the health system and spurred an economic recession. The outbreak also exposed enduring governance challenges, including weak state institutions, poor service delivery, official corruption, and public distrust of government. Politics. Optimism surrounding the 2018 inauguration of President George Weah—which marked Liberia’s first electoral transfer of power since 1944—arguably has waned as his administration has become embroiled in a series of corruption scandals and the country has encountered new economic headwinds.
    [Show full text]
  • Cbl Strategic Objectives
    CENTRAL BANK OF LIBERIA STRATEGIC PLAN • 2017-2019 THIS PAGE IS BLANK ON PURPOSE CONTENTS CONTENTS ....................................................................................................................................................... i FOREWORD ................................................................................................................................................... iii ACKNOWLEDGEMENTS ........................................................................................................................... v ABBREVIATIONS ......................................................................................................................................... vi EXECUTIVE SUMMARY........................................................................................................................... viii SECTION 1: INTRODUCTION .................................................................................................................. 1 SECTION 2: OVERVIEW OF THE CBL ................................................................................................ 16 SECTION 3: CBL SITUATIONAL ANALYSIS...................................................................................... 26 SECTION 4: CBL STRATEGIC OBJECTIVES ...................................................................................... 38 SECTION 5: IMPLEMENTATION OUTLINE ..................................................................................... 46 SECTION 6: PERFORMANCE MANAGEMENT, MONITORING & EVALUATION
    [Show full text]
  • CBL Annual Report
    Central Bank of Liberia Annual Report 2018 Central Bank of Liberia Annual Report January 1 to December 31, 2018 © Central Bank of Liberia 2018 This Annual Report is in line with part XI Section 49 (1) of the Central Bank of Liberia (CBL) Act of 1999. The contents include: (a) report on the Bank’s operations and affairs during the year; and (b) report on the state of the economy, which includes information on the financial sector, the growth of monetary aggregates, financial markets developments, and balance of payments performance. i | P a g e Central Bank of Liberia Annual Report 2018 CENTRAL BANK OF LIBERIA Office of the Executive Governor January 25, 2019 His Excellency Dr. George Manneh Weah PRESIDENT Republic of Liberia Dear President Weah: In accordance with part XI Section 49(1) of the Central Bank of Liberia (CBL) Act of 1999, I have the honor on behalf of the Board of Governors and Management of the Bank to submit, herewith, the Annual Report of the Central Bank of Liberia to the Government of Liberia for the period January 1 to December 31, 2018. Please accept, Mr. President, the assurances of my highest esteem. Respectfully yours, Nathaniel R. Patray, III P.O. BOX 2048, LYNCH & ASHMUN STREETS, MONROVIA, LIBERIA Tel.: (231) 555 960 556 Website: www.cbl.org.lr ii | P a g e Central Bank of Liberia Annual Report 2018 Table of Contents ACRONYMS ............................................................................................................................... i FOREWORD ............................................................................................................................
    [Show full text]
  • Central Bank of Liberia Bill Brochure
    CENTRAL BANK OF LIBERIA CONTACT CENTRAL BANK OF LIBERIA FINANCIAL MARKETS DEPARTMENT LYNCH & ASHMUN STREETS MONROVIA, LIBERIA +231 555 960 567 Interest Rates & Maturity The Central Bank of Liberia (CBL) Bills Who can invest? Effective Annual Return of the CBL The CBL Bills are liquid Liberian-dollar Bills is 30%. However, the rates are investment instruments issued by the Central The CBL Bills are available to all registered quoted on a periodic basis. The Bank of Liberia that allows investors to earn a businesses and licensed financial longer the maturity of your fixed interest on their investment with institutions within Liberia, as well as the investment, the higher the interest minimum risk of default. At the end of the general public. Investment in the and the shorter the maturity, the investment period, the investor will receive instruments can be done through financial lower the interest. interest plus the original amount of institutions. The minimum investment investment. amount is L$10,000 (Ten Thousand Effective Liberian Dollars). Annual Benefits Maturity Periodic Rate Rate The CBL Bills derive the following benefits: How to Invest? 30% 12 Months 30.00% i. Provide investors with risk-free CBL Bills are available at all commercial 30% securities because they are backed banks in Liberia, including their branches 6 Months 14.02% around the country, and Rural Community 30% by the CBL. 3 Months 6.78% Finance Institutions (RCFIs). However, 30% 1 Month 2.21% ii. Encourage the development of interested investors can only purchase the bills at a commercial bank or an RCFI. 30% domestic money, capital and 2 Weeks 1.01% Interested investors shall be required to fill a secondary markets.
    [Show full text]
  • Country Presentation by the GOVERNMENT of LIBERIA
    THIRD UNITED NATIONS CONFERENCE ON THE LEAST DEVELOPED COUNTRIES Brussels, 14-20 May 2001 Country presentation by THE GOVERNMENT OF LIBERIA NOTE The views expressed in this document are those of the Government concerned. The document is reproduced in the form and language in which it has been received. The designations employed and the presentation of the material do not imply expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or its authorities, or concerning the delimitation of its frontiers or boundaries. A/CONF.191/CP/38 June 15, 2000 THIRD UNITED NATIONS CONFERENCE ON THE LEAST DEVELOPED COUNTRIES Brussels, 14-20 May 2001 Presentation of the Government of Liberia ACTION PROGRAMME FOR THE DEVELOPMENT OF LIBERIA 2001-2010 Date June 15, 2000 i GLOSSARY ACP -------- African Caribbean Pacific Countries AEL -------- Association of Evangelicals of Liberia AfDB ------- African Development Bank ARF -------- (Local Exchange) AXE-b ----- (Transit Exchange) BCADP ---- Bong County Agricultural Development Project BMC ------- Bong Mining Company BWI ------- Booker Washington Institute CARI ------ Central Agricultural Research Institute CBL -------- Central Bank of Liberia DR -------- Data Rate ECOWAS --- Economic Community of West African States EDX-c ------ (Telex Exchange) EEZ ------ Exclusive Economic Zone ELWA ----- Eternal Love Winning Africa EU ------- European Union FAO ----- Food and Agriculture Organization FDA ------ Forestry Development
    [Show full text]
  • The Rise and Fall of Sterling in Liberia, 1847– 1943
    Leigh A. Gardner The rise and fall of sterling in Liberia, 1847– 1943 Article (Accepted version) (Refereed) Original citation: Gardner, Leigh (2014) The rise and fall of sterling in Liberia, 1847–1943. Economic History Review, 67 (4). pp. 1089-1112. ISSN 0013-0117 DOI: 10.1111/1468-0289.12042 © 2014 Economic History Society This version available at: http://eprints.lse.ac.uk/88849/ Available in LSE Research Online: July 2018 LSE has developed LSE Research Online so that users may access research output of the School. Copyright © and Moral Rights for the papers on this site are retained by the individual authors and/or other copyright owners. Users may download and/or print one copy of any article(s) in LSE Research Online to facilitate their private study or for non-commercial research. You may not engage in further distribution of the material or use it for any profit-making activities or any commercial gain. You may freely distribute the URL (http://eprints.lse.ac.uk) of the LSE Research Online website. This document is the author’s final accepted version of the journal article. There may be differences between this version and the published version. You are advised to consult the publisher’s version if you wish to cite from it. The Rise and Fall of Sterling in Liberia, 1847-19431 Leigh A Gardner London School of Economics and Stellenbosch University [email protected] Abstract: Recent research on exchange rate regime choice in developing countries has revealed that a range of factors, from weak fiscal institutions to the inability to borrow in their own currencies, limits the range of options available to them.
    [Show full text]
  • Download (2MB)
    Pailey, Robtel Neajai (2014) The love of liberty divided us here? : factors leading to the introduction and postponement in passage of Liberia's Dual Citizenship Bill. PhD Thesis. SOAS, University of London. http://eprints.soas.ac.uk/id/eprint/20324 Copyright © and Moral Rights for this PhD Thesis are retained by the author and/or other copyright owners. A copy can be downloaded for personal non‐commercial research or study, without prior permission or charge. This PhD Thesis cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder/s. The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders. When referring to this PhD Thesis, full bibliographic details including the author, title, awarding institution and date of the PhD Thesis must be given e.g. AUTHOR (year of submission) "Full PhD Thesis title", name of the School or Department, PhD PhD Thesis, pagination. The Love of Liberty Divided Us Here? Factors Leading to the Introduction and Postponement in Passage of Liberia’s Dual Citizenship Bill ROBTEL NEAJAI PAILEY Thesis submitted for the degree of PhD 2014 Department of Development Studies SOAS, University of London 1 Declaration for SOAS PhD Thesis I hAve reAd And understood regulAtion 17.9 of the RegulAtions for students of SOAS, University of London, concerning plAgiArism. I undertAke thAt All the materiAl presented for exAminAtion is my own work And hAs not been written for me, in whole or in part, by any other person.
    [Show full text]
  • November 2020 List of Participants 1 Afghanistan
    NOVEMBER 2020 LIST OF PARTICIPANTS AFGHANISTAN ALGERIA Mr. Ajmal Ahmady Mr. Loumi Chaâbane Governor Subdirector of Statistics Afghanistan Central Bank MOF, General Tax Directorate Pashtonistan Watt Cité Malki-Ben Aknoun Kabul 1001 Algiers 16000 AFGHANISTAN ALGERIA Mr. Mustafa Sameh Mrs. Kendil Fatma Zohra Manager, Financial Stability Section On-site Supervisor Da Afghanistan Bank Banking Supervision & Inspection Dept. Pashtonistan Watt Bank of Algeria Kabul 1001 38 Ave. Franklin Roosevelt AFGHANISTAN Algiers 16000 ALGERIA Mr. Gul Mohammad Noori Ms. Fatma Zohra Dahmani Deputy Manager, Financial Stability Inspector, Off Site Supervision Dept . Da Afghanistan Bank Bank of Algeria Pashtonistan Watt 38, avenue Franklin Roosevelt Kabul 1001 Alger 16000 AFGHANISTAN ALGERIA ALBANIA ARMENIA Mr. Deniz Deralla Ms. Mariam Yeghiazaryan Director of Supervision Dept. Head of Banking System Regulation Division Bank of Albania Central Bank of Armenia Sheshi Skënderbej No. 1 Vazgen Sargsyan 6 Tirana 1001 Yerevan ALBANIA ARMENIA 0010 ALGERIA AUSTRALIA Ms. Sara Kennouche Mr. Wayne Byres Directorate General of Politics and Provision Chair Finance Ministries Australian Prudential Regulation Authority Ahmed Francis bldg. Level 12, 1 Martin Place Ben aknoun -Algiers Sydney 2000 ALGERIA AUSTRALIA 1 NOVEMBER 2020 LIST OF PARTICIPANTS AUSTRIA BAHRAIN Mr. Eduard Mueller Mr. Nabeel Juma Executive Director Superintendent, Financial Institutions Financial Market Authority Austria Regulatory Policy Otto Wagner Platz 5 Central Bank of Bahrain Vienna 1090 King Faisal Highway, Diplomatic Area, Block 317, AUSTRIA Road 1702, Building 96 Manama BAHRAIN Mrs. Katharina Muther-Pradler Head of Department of Integrated Supervision Ms. Reema Mandeel Financial Market Authority Austria Superintendent, Regulatory Policy Otto Wagner Platz 5 Central Bank of Bahrain Vienna 1090 King Faisal Highway, Diplomatic Area, Block 317, AUSTRIA Road 1702, Building 96 Manama BAHRAIN Dr.
    [Show full text]
  • The Determinants of Interest Rate Spread in Liberian Financial Sector
    The Determinants of Interest Rate Spread in Liberian Financial Sector By Samwar Samzato Fallah A Research project submitted in partial fulfillment of the requirement for the award of the master degree of business administration (Finance option) of the University of Nairobi October 2012 DECLARATION I declare that this project is my original work and has not been presented for an award of a degree in any other University. Signed:………………………………. Date: ………………………….. SAMWAR SAMZATO FALLAH D61/60877/2011 This research project has been submitted for examination with my approval as the University Supervisor. Signed:………………………… Date:…………………………. Dr. Josiah O. Aduda Supervisor Department of Finance and Accounting School of Business University of Nairobi i DEDICATION This project is dedicated to my parents, Mr. Augustus N. Fallah and Mrs. Kuluku K. Fallah both of whom made my educational sojourn a success and without their parental guidance I wouldn‘t have reached this far. ii ACKNOWLEDGEMENT I express my sincere gratitude and appreciation to my Supervisor, Dr. Josiah O. Aduda for his support and guidance throughout the study. I also acknowledge the support of Mr. Rudolph T. Johnson of the Liberian Bank for Development and Investment who assisted in gathering the data for the study from Liberia. My appreciation also goes to Mr. Alps Briants Fallah and Mrs. Mary M. Fallah, whom I consider my guidance for of their numerous contributions to my education. I also acknowledge the Government of the Republic of Liberia through the General Auditing Commission of Liberia but most especially to Mr. John SembeMorlu, II, former Auditor General of the Republic of Liberia whose tireless efforts made my scholarship program at the University of Nairobi, a resounding success.
    [Show full text]
  • Liberia: a Case Study
    Liberia: A Case Study Prepared for the International Growth Center Workshop on Growth in Fragile States By * † ERIC WERKER AND JASMINA BEGANOVIC June 24, 2011 * Associate Professor, Harvard Business School; Fellow, Harvard Center for International Development; Economic Advisor to the President, Republic of Liberia. Corresponding author: [email protected]. † Liberia Research Fellow, Harvard Center for International Development. 1 Liberia has been a fragile state by most definitions since April 1979, when protests over a government decision to increase the price of rice resulted in widespread looting and a violent police crackdown in the capital, Monrovia. Within a year of the riots, Samuel Doe—a 28-year old master sergeant of the Liberian army—led a coup against the government of President William Tolbert, killing Tolbert in the Executive Mansion and publicly executing eleven members of his government. The subsequent decade under the leadership of Doe was marked by economic decline, instability, and increasing violence. In 1989 rebel warlord Charles Taylor mounted a counter-insurgency that dragged Liberia into intermittent, but widespread and brutal, conflict for the subsequent fourteen years. Since 2003, following U.S. and Nigerian intervention, Liberia has been a “post-conflict” fragile state, graduating from two years of transitional government to nearly six under the democratic reign of President Ellen Johnson Sirleaf, albeit with continued support from a force of more than 10,000 United Nations peacekeepers. The President’s many pro-growth and conflict-resolving reforms since the peace have put the country on a positive trajectory, but fundamental challenges continue to exist and the stability of the reform consensus remains fragile.
    [Show full text]