Côte d’Ivoire: After the mutiny

Date: 18/05/2017 Key sectors: cocoa Key risks: military mutiny; budget deficit; muted economic growth On Friday 12 May, soldiers fired shots into the air and blocked roads in major cities, undermining President Alassane Ouattara’s announcement that the government had reached a compromise with them over unpaid bonuses. Schools, embassies and banks were closed during the days that…

Moon’s rise turns tide against chaebol

Date first published: 09/05/2017 Key sectors: all Key risks: reform; political gridlock On 9 May liberal candidate Moon Jae-in emerged victor in South Korea’s presidential election with 41 per cent of the vote – the highest margin of victory in any South Korean presidential election. Moon lost by around a million votes to Park Geun-hye back in 2012, but the…

Eastern Caribbean: A successful monetary union?

Date first published: 02/05/2017 Key sectors: all Key risks: slow growth; sovereign default There is a story, perhaps apocryphal, that before the establishment of the European Monetary Union (EMU), representatives from the European Central Bank travelled to Basseterre, the capital of St Kitts and Nevis. The trip to the tropical capital was to help them understand…