Reply #3: Gbagbo's Capture May Set Ivory Coast's Economy on Long Road to Recovery [View All]

[joshcryer]

http://www.bloomberg.com/news/2011-04-12/gbagbo-s-capture-may-set-ivory-coast-s-economy-on-long-road-to-recovery.html">Gbagbo's Capture May Set Ivory Coast's Economy on Long Road to Recovery
The capture of Ivory Coast’s former leader Laurent Gbagbo may mark the end of 11 years of conflict that culminated in an assault on the largest city, Abidjan, stalling the economy of the world’s largest cocoa producer.

Gbagbo, 65, was able to defy world opinion and hold onto power after his defeat in a Nov. 28 election to Alassane Ouattara because he enjoyed widespread support in the mainly Christian south, winning almost 46 percent of the national vote.

It took a siege of his home by a combination of French, United Nations and rebel forces to finally end his decade-long rule. Now Ouattara, 69, a former International Monetary Fund director, inherits a banking system closed by four months of international isolation, a cocoa industry in danger of losing its dominance of the global market and a treasury that defaulted on a $2.3 billion bond.