Cotton Sector Strategies in West and Central Africa

Louis Goreux, Paul Masson, Dhaneshwar Ghura and Ousmane Badiane

No 2002/173, IMF Working Papers from International Monetary Fund

Abstract: Cotton production in West and Central Africa (WCA) has contributed to growth and poverty reduction. Recently, the objective of poverty alleviation has been adversely impacted by the downward pressures on world prices (exacerbated by subsidies by major cotton producers outside Africa). Several countries in WCA are undergoing reforms in the cotton sector to stimulate greater market competition and raise the share of the international price going to farmers. While these efforts would help to improve rural income irrespective of the world market situation, they would be more powerful in combination with a reduction in other countries’ subsidies in this sector.

Keywords: WP; company; ginning company; price; government; private sector; WCA country; World Cotton Market; Cotton Subsidies; Cotton Sector Reform; West and Central Africa; cotton company; monopoly system; world prices firm; marketing company; meal processing company; Agricultural commodities; Agricultural prices; Competition; Producer prices; Credit; West Africa; Central Africa; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 21
Date: 2002-10-01
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Citations: View citations in EconPapers (38)

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