President Ouattara caps commodity prices and subsidizes fuel at the risk of offending liberal orthodoxy. A costly but essential strategy for the preservation of social peace. The effort is substantial. The State of Côte d’Ivoire (Ba3 by Moody’s and BB- by S&P and Fitch) has granted subsidies of around 500 billion CFA francs (USD 778…...
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Côte d’Ivoire: already 500 billion FCFA in fuel subsidies
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