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West African Bankers Association

Association des Banques d'Afrique de l'Ouest


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WABA LEADERSHIP

WABA's executive secretariat is under the strategic leadership of the CEO ...read more


BOARD OF DIRECTORS

Board members provide leadership for WABA and its overall operation ....read more


     
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Information on Liberia Information on the Economy of Liberia
List of Banks in Liberia How to create a company
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Where is Liberia?

Located in Western Africa, Liberia has a 1,667.00 km border with Guinea (590 km), Cote d'Ivoire (778 km) and Sierra Leone (299 km). It has a 579.00 km coastline. There is an active ongoing UN Mission in Liberia.

 

The capital city of Liberia is Monroe. The city is located on the country’s coastline of Atlantic Ocean on Cape Mesurado. Monrovia is the most populous city in Liberia. As per the most recent census held in Liberia in 2008, Monrovia has a population of 1,010,970 people, accounting for approximately 29% of the country’s total population. Monrovia is a top tourist destination in Liberia. The most notable tourist attraction sites in the city include the beaches, Liberian National Museum, the Waterside Market.

 

Read more on Liberia's Capital

Liberia is an African country covering 111,369.00 km2 of which 13.51% is water and 96,320.00 km2 is land. This makes it the 102nd largest country in the world and slightly larger than Tennessee. Its geographic coordinates are 6 30 N, 9 30 W and Monrovia is the capital city.

The name Liberia derives itself from the Latin word "liber", which means "free".

Its ISO code is LR.

Geography

Liberia has a mean elevation of 243 m above sea level.

It has a tropical climate with hot, humid winters and wet, cloudy summers. Its terrain is mostly flat, with rolling coastal plains, rolling plateaus and low mountains.

Population

Liberia has a population of 4,299,944 making it the 128th largest in the world.

English is the official language; around 20 other ethnic group languages are also used. The major ethnicities reported are Kpelle, Bassa, and Grebo. The majority of the population is Christian, with a significant Muslim minority.

 

English is the official and the most widely spoken language in Liberia. It unites the people of Liberia who have different mother tongues. English is an Indo-European language that falls under the West Germanic family of languages. The language has 26 letters, 21 consonants, and 5 vowels. Approximately 2.5 million people or 54% of the population of Liberians are conversant with the English language.

Read more on Liberia's Languages

The dialing code for the country is 231.

Government

Liberia is an independent country. It has been independent since 1847. Its constitution was last ratified in 1986.

Liberia is a parliamentary representative democratic republic with a multi-party system. The government structure largely resembles that of the government of the United States. The executive power is vested on the government while the legislative powers are vested on both the parliament and the government. The Elections in the country are held after every six years, to elect members of the House of Representatives and the president. The election is supervised by the National Elections Commissions.

Read more on Liberia's Government

Economy

Factoring in Purchasing Power Parity, Liberia's GDP is $3,787,000,000.00 (USD) with $900.00 (USD) per capita. This makes it the 178th largest economy and its citizens the 216th richest in the world. The currency of Liberia is the Dollar (LRD).

Its major export partners are Poland, China, and India. Its main exports are rubber, timber, iron, diamonds, cocoa, and coffee. Its major import partners are Singapore, China, and South Korea. Its major imports include fuels, chemicals, machinery, and transportation equipment.

 

 

ANNUAL MEETINGS

WABA's Annual General Meeting creates platform for members to converge ...read more

TRAINING COURSES

Greater attention is being given to training on short courses. Register ...read more


Capital

Monrovia

Languages

English 20% (official), some 20 ethnic group languages few of which can be written or used in correspondence

Ethnic Groups

Kpelle 20.3%, Bassa 13.4%, Grebo 10%, Gio 8%, Mano 7.9%, Kru 6%, Lorma 5.1%, Kissi 4.8%, Gola 4.4%, other 20.1% (2008 Census)

Religion

Christian 85.6%, Muslim 12.2%, Traditional 0.6%, other 0.2%, none 1.4% (2008 Census)

Government

Presidential republic

Independence

26 July 1847

Area

111,369.00 km2

Water Area

15,049.00 km2

Land Area

96,320.00 km2

Population

  • 4,299,944.00

Location

Western Africa, bordering the North Atlantic Ocean, between Cote d'Ivoire and Sierra Leone

No. Bordering Countries

3

Bordering Countries

Guinea 590 km, Cote d'Ivoire 778 km, Sierra Leone 299 km

GDP(PPP)

$3,787,000,000.00 (USD)

GDP (Per Capita)

$900.00 (USD)

Export Partners

Its major export partners are Poland, China, and India.

Export Commodities

Its main exports are rubber, timber, iron, diamonds, cocoa, and coffee.

Import Partners

Its major import partners are Singapore, China, and South Korea.

Import Commodities

Its major imports include fuels, chemicals, machinery, and transportation equipment.

Climate

Tropical; hot, humid; dry winters with hot days and cool to cold nights; wet, cloudy summers with frequent heavy showers

Terrain

Mostly flat to rolling coastal plains rising to rolling plateau and low mountains in northeast

Learn More

Liberia

 

About WABA


     
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Our Mission and Objectives

 

What We Do at WABA
Our Leadership and Governance

 

     

The West African Bankers Association's mission is "to develop, promote, generate, coordinate and drive cross border banking and financial transactions that will enhance regional trade, economic and financial integration and development." ...read more

WABA creates avenues for the revision and exchange of information on banking practices in the sub-region in particular and in Africa in general, and a forum for the discussion of common problems. The enhancement of the promotion and strengthening of ...read more

WABA comprises 3 organs namely; The Secretariat, The Executive Council and the General Assembly, including the Executive Management, and the Board of Directors. The Secretariat is run by the Secretary General who is the Chief Executive Officer. ...read more

 
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