The Council stressed that it would routinely consider how best to minimize the impact of the ban on the country's humanitarian situation and could allow the resumption of exports to fund relief programmes.
In July, Secretary-General Kofi Annan appointed the five-member panel of experts to go to Liberia to assess the implementation and impact of the sanctions regime.
In its report, the Panel notes that requirements for lifting the embargo on Liberian rough diamonds and timber have not been met, while recent agreements on iron ore suggest that Liberians cannot rely on their Government or the international community to protect their interests. Instead, it said, transparent business negotiations are necessary.
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