Cotton Sector Strategies in West and Central Africa [electronic resource] / Louis M Goreux.

By: Goreux, Louis MContributor(s): Badiane, Ousmane | Ghura, Dhaneshwar | Goreux, Louis M | Masson, Paul RMaterial type: TextTextSeries: IMF Working Papers; Working Paper ; No. 02/173Publication details: Washington, D.C. : International Monetary Fund, 2002Description: 1 online resource (21 p.)ISBN: 1451858647 :ISSN: 1018-5941Subject(s): Cotton Production | Cotton Sector Reform | Cotton Sector | Cotton Subsidies | Crop | Farm | Benin | Burkina Faso | Central African Republic | China, People's Republic of | United States | West and Central AfricaAdditional physical formats: Print Version:: Cotton Sector Strategies in West and Central AfricaOnline resources: IMF e-Library | IMF Book Store 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.
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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.

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