Newly empowered Ivory Coast president Alassane Ouattara took to European airwaves to implore for as much as $28.6 billion in aid for the next five years to revive a nation wrought by political and civil violence, Bloomberg reports.
Sworn in less than one week ago, the experienced economist was in Deauville, France and made his comments before meeting with Group of Eight leaders. While awaiting his ascension to the presidency, Ouattara and his transition team spoke of wanting to re-establish exports of cocoa, a staple of the West African nation's commerce and economy.
"The country needs support," he told Europe 1 radio on Friday. "If Ivory Coast is to come out of this long period of economic agony and reconcile its people, there is a price to pay."
At 4:30 p.m. on Friday, cocoa futures slipped 1.36 percent, a $41 drop to $2,969 per metric ton.
Laurent Gbagbo, the 10-year incumbent who lost the November 28 presidential election yet refused to leave office, was apprehended April 11 by international peacekeepers. He is being detained in the northern region of the country and will stand trial for counts including corruption, the BBC reports.