A Not So Sweet Situation - Cocoa and Cote d'Ivoire

A Not So Sweet Situation - Cocoa and Cote d'Ivoire

Although the default has proved harrowing for many, some people have outsmarted the system and began smuggling cocoa across the border to neighboring Ghana and Guinea where they can sell it to make a larger profit than in their homeland. Even though this has provided temporary relief for some, there does not exist a long term solution. As a result, many have taken to the streets in a cry for help for government assistance during this time of need. Likely fueling the protests is the fact that the Ivory Coast has not used either its stabilization fund or the Reserve Fund to support cocoa sales or otherwise mollify the situation.

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