Thursday, January 13, 2011

Madagascar

Natural Resources: graphite, chromite, coal, bauxite, salt, quartz, tar sands, semiprecious stones, mica, fish, hydropower.




Madagascar (officially the "Republic of Madagascar") is a large island nation off the southeast coast of Africa (east of Mozambique) in the Indian Ocean. It is notable for its rich biodiversity. Madagascar is home to 5% of the world's known plant and animal species and 80% of these species are unique ("endemic") to the island.
Industries: meat processing, seafood, soap, breweries, tanneries, sugar, textiles, glassware, cement, automobile assembly plant, paper, petroleum, tourism

Economy
Having discarded past socialist economic policies, Madagascar has since the mid 1990s followed a World Bank- and IMF-led policy of privatization and liberalization. This strategy placed the country on a slow and steady growth path from an extremely low level. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing 80% of the population. Exports of apparel have boomed in recent years primarily due to duty-free access to the US. Deforestation and erosion, aggravated by the use of firewood as the primary source of fuel, are serious concerns. President Ravalomanana has worked aggressively to revive the economy following the 2002 political crisis, which triggered a 12% drop in GDP that year. Poverty reduction and combating corruption will be the centerpieces of economic policy for the next few years.


Libya

Natural Resources: petroleum, natural gas, gypsum.

Libya is a nation in northern-Africa, bordering the Mediterranean Sea, between Egypt to the east and Tunisia and Algeria to the west. More than 90% of the country is desert or semi-desert with barren, flat to undulating plains, plateaus, depressions (including the large Qattara Depression). This northern and eastern part of the Sahara Desert is known as the Libyan Desert. Libya is a significant source of oil for the world
Industries: petroleum, iron and steel, food processing, textiles, handicrafts, cement

Economy 
The Libyan economy depends primarily upon revenues from the oil sector, which contribute about 95% of export earnings, about one-quarter of GDP, and 60% of public sector wages. Substantial revenues from the energy sector coupled with a small population give Libya one of the highest per capita GDPs in Africa, but little of this income flows down to the lower orders of society. Libyan officials in the past five years have made progress on economic reforms as part of a broader campaign to reintegrate the country into the international fold. This effort picked up steam after UN sanctions were lifted in September 2003 and as Libya announced in December 2003 that it would abandon programs to build weapons of mass destruction. Almost all US unilateral sanctions against Libya were removed in April 2004, helping Libya attract more foreign direct investment, mostly in the energy sector. Libyan oil and gas licensing rounds continue to draw high international interest; the National Oil Company set a goal of nearly doubling oil production to 3 million bbl/day by 2015. Libya faces a long road ahead in liberalizing the socialist-oriented economy, but initial steps - including applying for WTO membership, reducing some subsidies, and announcing plans for privatization - are laying the groundwork for a transition to a more market-based economy. The non-oil manufacturing and construction sectors, which account for more than 20% of GDP, have expanded from processing mostly agricultural products to include the production of petrochemicals, iron, steel, and aluminum. Climatic conditions and poor soils severely limit agricultural output, and Libya imports about 75% of its food. Libya's primary agricultural water source remains the Great Manmade River Project, but significant resources are being invested in desalinization research to meet growing water demands.

Liberia

Natural Resources: Iron Ore, Timber, Diamonds, Gold, Hydropower





Liberia is a nation in western-Africa, bordering the North Atlantic Ocean, between Côte d'Ivoire in the east and south and Sierra Leone in the northwest. Liberia is mostly flat to rolling coastal plains rising to rolling plateau and low mountains in northeast.  The coastline is characterized by lagoons, mangrove swamps, and river-deposited sandbars; while the inland grassy plateau supports limited agriculture.

Liberia's major environmental issues include: tropical rain forest deforestation; soil erosion; loss of biodiversity; and, pollution of coastal waters from oil residue and raw sewage. It is susceptible to dust-laden harmattan winds which blow from the Sahara Desert from December to March.
Settlement of freed slaves from the United States in what is today Liberia began in 1822; by 1847, the Americo-Liberians were able to establish a republic. William Tubman, president from 1944-71, did much to promote foreign investment and to bridge the economic, social, and political gaps between the descendents of the original settlers and the inhabitants of the interior. In 1980, a military coup led by Samuel Doe ushered in a decade of authoritarian rule. In December 1989, Charles Taylor launched a rebellion against Doe's regime that led to a prolonged civil war in which Doe himself was killed. A period of relative peace in 1997 allowed for elections that brought Taylor to power, but major fighting resumed in 2000. An August 2003 peace agreement ended the war and prompted the resignation of former president Charles Taylor, who faces war crimes charges in The Hague related to his involvement in Sierra Leone's civil war. After two years of rule by a transitional government, democratic elections in late 2005 brought President Ellen Johnson Sirleaf to power. The UN Mission in Liberia (UNMIL) maintains a strong presence throughout the country, but the security situation is still fragile and the process of rebuilding the social and economic structure of this war-torn country will take many years

Industries: rubber processing, palm oil processing, timber, diamonds
Economy
Civil war and government mismanagement destroyed much of Liberia's economy, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting and the installation of a democratically-elected government in 2006, some have returned. Richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, Liberia had been a producer and exporter of basic products - primarily raw timber and rubber. Local manufacturing, mainly foreign owned, had been small in scope. President Johnson Sirleaf, a Harvard-trained banker and administrator, has taken steps to reduce corruption, build support from international donors, and encourage private investment. Embargos on timber and diamond exports have been lifted, opening new sources of revenue for the government. The reconstruction of infrastructure and the raising of incomes in this ravaged economy will largely depend on generous financial and technical assistance from donor countries and foreign investment in key sectors, such as infrastructure and power generation.

Lesotho

Resources: water, agricultural and grazing land, diamonds, sand, clay, building stone
Natural Industries: food, beverages, textiles, apparel assembly, handicrafts, construction, tourism



Lesotho is a landlocked nation in southern-Africa, completely surrounded by the nation of South Africa. Lesotho is mostly highland with plateaus, hills, and mountains; more than 80% of the country is 1,800 m above sea level.

Economy
Small, landlocked, and mountainous, Lesotho relies on remittances from miners employed in South Africa and customs duties from the Southern Africa Customs Union for the majority of government revenue. However, the government has recently strengthened its tax system to reduce dependency on customs duties. Completion of a major hydropower facility in January 1998 permitted the sale of water to South Africa and generated royalties for Lesotho. Lesotho produces about 90% of its own electrical power needs. As the number of mineworkers has declined steadily over the past several years, a small manufacturing base has developed based on farm products that support the milling, canning, leather, and jute industries, as well as a rapidly expanding apparel-assembly sector. The latter has grown significantly mainly due to Lesotho qualifying for the trade benefits contained in the Africa Growth and Opportunity Act. The economy is still primarily based on subsistence agriculture, especially livestock, although drought has decreased agricultural activity. The extreme inequality in the distribution of income remains a major drawback. Lesotho has signed an Interim Poverty Reduction and Growth Facility with the IMF. In July 2007, Lesotho signed a Millennium Challenge Account Compact with the US worth $362.5 million.

Kenya

Natural Resources: limestone, soda ash, salt, gemstones, fluorspar, zinc, diatomite, gypsum, wildlife, hydropower.

Kenya is a nation in eastern-Africa, bordering the Indian Ocean, between Somalia and Tanzania. Kenya is dominated by low plains which rise to central Kenyan highlands which are bisected by Great Rift Valley with a fertile plateau in west. The Kenyan Highlands comprise one of the most successful agricultural production regions in Africa. In the west of the country is Lake Victoria, the source of the Nile River.  Glaciers are found on Mount Kenya, Africa's second highest peak. Kenya's unique physiography supports abundant and varied wildlife of scientific and economic value.

Kenya's major environmental issues include: water pollution from urban and industrial wastes; degradation of water quality from increased use of pesticides and fertilizers; water hyacinth infestation in Lake Victoria; deforestation; soil erosion; desertification; and, poaching. It is susceptible to recurring drought; flooding during rainy seasons.

Founding president and liberation struggle icon Jomo Kenyatta led Kenya from independence in 1963 until his death in 1978, when President Daniel Toroitich arap Moi took power in a constitutional succession. The country was a de facto one-party state from 1969 until 1982 when the ruling Kenya African National Union (KANU) made itself the sole legal party in Kenya. Moi acceded to internal and external pressure for political liberalization in late 1991. The ethnically fractured opposition failed to dislodge Kanu from power in elections in 1992 and 1997, which were marred by violence and fraud, but were viewed as having generally reflected the will of the Kenyan people. President MOI stepped down in December 2002 following fair and peaceful elections. Mwai Kibaki, running as the candidate of the multiethnic, united opposition group, the National Rainbow Coalition (NARC), defeated Kanu candidate Uhuru Kenyata and assumed the presidency following a campaign centered on an anticorruption platform. Kibaki's NARC coalition splintered in 2005 over the constitutional review process. Government defectors joined with Kanu to form a new opposition coalition, the Orange Democratic Movement, which defeated the government's draft constitution in a popular referendum in November 2005. Kibaki's reelection in December 2007 brought charges of vote rigging from ODM candidate Raila Odinga and unleashed two months of violence in which as many as 1,500 people died. UN-sponsored talks in late February produced a powersharing accord bringing Odinga into the government in the restored position of prime minister.

Economy
The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP contracted by 0.2% in 2000. The IMF, which had resumed loans in 2000 to help Kenya through the drought, again halted lending in 2001 when the government failed to institute several anticorruption measures. Despite the return of strong rains in 2001, weak commodity prices, endemic corruption, and low investment limited Kenya's economic growth to 1.2%. Growth lagged at 1.1% in 2002 because of erratic rains, low investor confidence, meager donor support, and political infighting up to the elections. In the key December 2002 elections, Daniel Arap MOI's 24-year-old reign ended, and a new opposition government took on the formidable economic problems facing the nation. After some early progress in rooting out corruption and encouraging donor support, the Kibaki government was rocked by high-level graft scandals in 2005 and 2006. In 2006 the World Bank and IMF delayed loans pending action by the government on corruption. The international financial institutions and donors have since resumed lending, despite little action on the government's part to deal with corruption. The scandals have not weighed down growth, with estimated real GDP growth at more than 6 percent in 2007.

Guinea-Bissau

Natural Resources: fish, timber, phosphates, bauxite, clay, granite, limestone, unexploited deposits of petroleum
Industries: agricultural products processing, beer, soft drinks
Guine-Bissau is a nation in western-Africa, bordering the North Atlantic Ocean, between Guinea and Senegal. Guinea-Bissau is a relatively small country which is swampy along its western coast and low-lying inland.

Guinea-Bissau's major environmental issues include: deforestation; soil erosion; overgrazing; and overfishing. It is susceptible to hot, dry, dusty harmattan haze which can reduce visibility during dry season; and, to brush fires.
Since independence from Portugal in 1974, Guinea-Bissau has experienced considerable political and military upheaval. In 1980, a military coup established authoritarian dictator Joao Bernardo 'Nino' Veira as president. Despite setting a path to a market economy and multiparty system, Viera's regime was characterized by the suppression of political opposition and the purging of political rivals. Several coup attempts through the 1980s and early 1990s failed to unseat him. In 1994 Viera was elected president in the country's first free elections. A military mutiny and resulting civil war in 1998 eventually led to Viera's ouster in May 1999. In February 2000, a transitional government turned over power to opposition leader Kumba Yala, after he was elected president in transparent polling. In September 2003, after only three years in office, Yala was ousted by the military in a bloodless coup, and businessman Henrique Roas was sworn in as interim president. In 2005, former President Viera was re-elected president pledging to pursue economic development and national reconciliation. He was assassinated in March 2009; new elections are to take place in June 2009

Economy
One of the five poorest countries in the world, Guinea-Bissau depends mainly on farming and fishing. Cashew crops have increased remarkably in recent years, and the country now ranks sixth in cashew production. Guinea-Bissau exports fish and seafood along with small amounts of peanuts, palm kernels, and timber. Rice is the major crop and staple food. However, intermittent fighting between Senegalese-backed government troops and a military junta destroyed much of the country's infrastructure and caused widespread damage to the economy in 1998; the civil war led to a 28% drop in GDP that year, with partial recovery in 1999-2002. Before the war, trade reform and price liberalization were the most successful part of the country's structural adjustment program under IMF sponsorship. The tightening of monetary policy and the development of the private sector had also begun to reinvigorate the economy. Because of high costs, the development of petroleum, phosphate, and other mineral resources is not a near-term prospect. Offshore oil prospecting is underway in several sectors but has not yet led to commercially viable crude deposits. The inequality of income distribution is one of the most extreme in the world. The government and international donors continue to work out plans to forward economic development from a lamentably low base. In December 2003, the World Bank, IMF, and UNDP were forced to step in to provide emergency budgetary support in the amount of $107 million for 2004, representing over 80% of the total national budget. Government drift and indecision, however, resulted in continued low growth in 2002-06. Higher raw material prices boosted growth to 3.7% in 2007.

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