Mutiny Drives World’s Worst Bond Losses in Ivory Coast: Chart
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Political risk seems to be hounding bond investors wherever they go. In Ivory Coast, the world’s largest producer of cocoa, a mutiny in the army has destabilized the government, sending its debt to the world’s worst performance. President Alassane Ouattara’s grip on the 40,000-member armed forces appeared to be slipping, with many soldiers who helped to bring him to power in 2011 saying he has failed to deliver the promised pay bonuses or improve their living conditions.