Industry consists primarily of small factories to process passion fruit, lime oil, honey, and coconut cream. Sale of postage stamps to foreign collectors is an important source of revenue.

The International Banking Repeal Act of 2002 terminated all its offshore banking licenses. Economic aid from New

Liberia

A West Africa nation it borders the North Atlantic Ocean, between Cote d'Ivoire and Sierra Leone.

Civil war and government mismanagement destroyed much of Liberia's economy.

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.

Image: The Niue rugby team perform a war dance. | Photograph: Anthony Phelps/Reuters

Also read: India's 13 most debt-ridden states

Back

Next