(Adds comment on cocoa prices in the sixth paragraph, prosecution in 10.)
April 12 (Bloomberg) — the capture of the former leader of the C?te d'Ivoire, Laurent Gbagbo may mark the end of the 11 years of conflict which culminated in an assault on the largest city, Abidjan, the economy of the stalling world cocoa producer.Gbagbo, 65, has been able to defy world opinion and retain power after his defeat in elections November 28 Alassane Ouattara because it benefited from support in the mainly Christian South, winning 46% of the national vote.He took a seat from his home by a combination of French, United Nations and the rebel forces to finally put an end to his rule of the last ten years. Now Ouattara, 69, a former Director of the Monetary Fund International, inherits a banking system closed by four months of international isolation, a cocoa industry risks losing its dominance of the world market and a treasure which breached a duty of $ 2.3 billion. "The economic infrastructure of C?te d'Ivoire was not severely damaged" Samir Gadio, emerging strategist with Standard Bank Group Ltd., said yesterday to Lagos. " "The basis for heal the country is." "The international community will be very sympathetic to the new regime," with the Monetary Fund International likely to resume lending to "short term".A.P. Moeller-Maersk A/s, container largest worldwide shipping line, said he sent a ship to C?te d'Ivoire to load cocoa, after that the European Union the lifting of restrictions on the ports of the country.ChaosCocoa of cocoa for July delivery closed trade 1.1%, to $3,028 per metric ton in New York at the bottom of a maximum of 32 years of $3,775 on 4 March. Prices should not fall significantly due to the interruption of that the political stalemate has caused to trade, Luis Rangel, vice President ICAP Futures LLC, said. "Cocoa prices should go down by another $ 100 but not more, as there is a logistical nightmare waiting for supply chain field - Bank, storage, trucking, workers, cash flow,"he said of Jersey City, New Jersey." "Nobody will return until guns are reduced to silence."Eurobonds denominated of C?te d'Ivoire due 2032 has grimpé up to 1.8% to 53.833 cents on the dollar, the highest since December 2. They exchanged 0.4% to 52.688 cents late last night in Abidjan.Gbagbo survived an attempted coup in 2002 and a subsequent civil war which has left the country divided between rebel North and the South controlled by the Government handling. Insurgents became the Republican Forces this year, choirs Ouattara and sweep of the South in the months before entering in Abidjan on March 31 LostThe opportunity conflict means in C?te d'Ivoire has failed to a wave of foreign investment in African nations such as Chinacrimp economic growth to an average of 1.1% between 2002 and 2009, compared to 5.6% in neighbouring Ghana. To compensate for the lost decade, promised Ouattara declines tax election in November, so that donors considered scrapping of 3 billion of debt of $ 14 billion of C?te d'Ivoire.Yesterday, in a televised speech late Ouattara is committed to treat Gbagbo with dignity and said that his rights would be respected as it ordered the start of a judicial process against him, his wife and his staff. He called on the militias of young pro-Gbagbo to lay down their arms and urged both sides to avoid acts of revenge.Cheers, GunfireCheering and shots were heard in parts of Abidjan, a city of 4 million people, including the Cocody neighbourhood where home Gbagbo is located, after the arrest spread yesterday. "" We have been released, ", said the resident Amidou Ouadrago. "" The man wore us."."This represents a victory for the democratic will of the Ivorian people, who have suffered for too long by the instability that followed the election, "the US President Bacack Obama said yesterday.The fighting may be more well. Blockhouse, a district which takes in charge Gbagbo, shooting was heard and militia fighters were in the streets, said Moussa Diarra, a resident. "They are still bearing arms", he said yesterday. "I can hear shooting in my street".Support of the army and the police of C?te d'Ivoire had allowed Gbagbo to resist international pressure as the United Nations, African Union, the European Union and the U.S. called on him to hand power to Ouattara. Alleged Gbagbo of fraud election and said that he won the election.The former President tried to nationalize banks and stocks of cocoa as sanctions cut off from its sources of income. He attacked Ouattara, family from whose father is neighbouring Burkina Faso, as a foreigner and a tool of interest of France. experience of IMF I want us to lay down their arms, "Gbagbo stated yesterday in remarks broadcast on TCI, a television station loyal Ouattara.Ouattara"who has a PhD in economics from the University of Pennsylvania, served as Director of the Africa Department of IMF between 1984 and 1988 and Governor of the Central Bank of the States of Africa in the West over the next two years. The Bank to cut links with C?te d'Ivoire in January, leading the banking sector to the choked. "" Priority key as early as now is the Central Bank of West African States to resume its cooperation with the General Directorate of the Ivorians, "Gadio said. "It is critical because without the banking system there is no way that the economy may be on a recovery path."At the same time, Ouattara, former Prime Minister under former dictator Felix Houphouet-Boigny, may still face "sporadic fighting" in Abidjan, said Martin Robert, analyst of Africa to the IHS Global Insight in London. "" We do not know what might happen then ", said two plateaus resident Isaac N'Guessan. "This is perhaps a first step, but I'm not sure that this is the end."-With the help of Franz Wild in Johannesburg, Gregory Viscusi in Paris and Flavia Krause-Jackson in Washington. Editors: Karl Maier, Philip Sanders, Antony Sguazzin
To contact the reporters on this story: Pauline Bax and Olivier Monnier in Abidjan via ebowers1@bloomberg.net Accra; Jason McLure jmclure@bloomberg.net Accra.
To contact the editor responsible for this story: Antony Sguazzin to asguazzin@bloomberg.net.
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