2.0 SCOPE OF THE CONSULTANCY The study is designed to produce an analysis of the current and projected impacts of COVID-19 on the natural resource sector of Liberia and the implications for the economy, people, society and the environment. [...] What were the specific measures introduced to mitigate the impact of the pandemic on (a) the sector) and (b) on the broader economy and social stress including equitable and green recovery noting the role of fiscal, monetary and debt policies, growth and distribution policies. [...] Section 704(a) of the code provides that “a royalty is due and payable to the Government of Liberia at the time of each shipment and in the amount of the stated percent of the value of commercially shipped mineral, regardless of whether the shipment is a sale or other disposition: (1) Iron ore. [...] For one, these high-profile managers have all left the country and the persons in charge are in no positions to tell us over the last year of coronavirus whether they have paid the required social benefit or whether because of coronavirus there is a diminution in the amount to be paid.” The environment it must be said, is one of the areas that seems to have benefitted from the COVID pandemic. [...] 5.5 Impact on strategic policy on the role of extractives in development Long before COVID-19, the government of Liberia realizing its dependence on taxes in the natural resources sector and the volatility of the sector to the boom and bust in world markets, developed the Domestic Resource Mobilization Policy (DRM) in support of its Pro Poor Agenda for Prosperity and Development (PAPD) with strate.
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- Pages
- 44
- Published in
- Ghana