[{"bbox": [93, 153, 1163, 206], "category": "Text", "text": "investment and increased financial support, not least because VPA structures for sector coordination are considered\nvery comprehensive and a best-practice model to be translated to other sectors."}, {"bbox": [93, 217, 1163, 324], "category": "Text", "text": "The national forest inventory performed by the Food and Agriculture Organisation (FAO) showed a misleading figure of over 6 million hectares of ‘forest coverage’ since the definition of forest was changed back in 2018 and now any surface bigger than 0.5 hectares covered by vegetation higher than 4 metres can be considered within that category. This can hinder efforts to effectively monitor deforestation."}, {"bbox": [93, 336, 1163, 443], "category": "Text", "text": "Some recent studies show that the current timber exploitation patterns are not sustainable and that forest stocks will be quite depleted for the next cutting cycle should the current management practices and exploitation modalities persist. It is mandatory to review and reshape the forest management principles and, accordingly, the relevant regulations."}, {"bbox": [93, 454, 1163, 562], "category": "Text", "text": "Some data are available on the informal sector that feeds the domestic timber market⁵¹. Once structures will prove adequate performance in the formal sector, it will be critical to start addressing the informal sector, considering that some support will eventually come into value chain addition and foster transformation and the need to better control fluxes of products and taxes collected still with no adequate transparency from the domestic timber markets."}, {"bbox": [85, 1620, 873, 1647], "category": "Footnote", "text": "⁵¹ https://buildingmarkets.org/sites/default/files/pdm_reports/liberia_vca.pdf."}, {"bbox": [1027, 1680, 1144, 1705], "category": "Page-footer", "text": "Page 17 of 33"}]