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, since the beginning of 2022, for the fuel component alone. This was revealed by President Alassane Ouattara on Saturday August 6, 2022, as part of the commemoration of the 62nd anniversary of the independence of Côte d’Ivoire. Specifically, he says, “for every
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