facebook
twitter
rss
account
search
search
 

Ouattara tries financial pressure on Gbagbo

Feb. 14, 2011 at 11:07 AM   |   Comments

| License Photo
ABIDJAN, Ivory Coast, Feb. 14 (UPI) -- The federal coffers of the Ivory Coast could go dry without cocoa exports if incumbent President Laurent Gbagbo clings to power, his rival suggested.

Gbagbo refuses to step down despite international recognition that former Ivorian Prime Minister Alassane Ouattara won a November election meant to unite the country.

Civil war in 2002 divided the Ivory Coast into rebel-held north and pro-government south. African leaders trying to negotiate a peaceful settlement to the political crisis say the country is teetering on the brink of civil war once again.

Ouattara told the Financial Times from his stronghold inside a luxury hotel in Abidjan that he would use economic pressure in the form of cocoa exports to pressure Gbagbo politically.

"If Mr. Gbagbo leaves, of course the ban will be removed," he told the newspaper. "But if he stays on, I just think the ban will continue."

The Ivory Coast is the world's largest exporter of cocoa, generating around $4.5 billion each year for the embattled African country.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Father of five children thought they would kill him, feed him to dogs Father of five children thought they would kill him, feed him to dogs
2
New video shows missing UVA student the morning she disappeared New video shows missing UVA student the morning she disappeared
3
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
4
Peshmerga forces kill senior Islamic State commander Peshmerga forces kill senior Islamic State commander
5
Playboy Magazine names UPenn top party school for 2014 Playboy Magazine names UPenn top party school for 2014
Trending News
Video
x
Feedback