THE ROLE OF REGIONAL TRADE IN AGRICULTURAL TRANSFORMATION: THE CASE OF WEST AFRICA FOLLOWING THE DEVALUATION OF THE CFA FRANC
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In this paper, we analyze the progress made in realizing this anticipated boost in economic growth for three agricultural subsectors: cereals, livestock/meat, and horticultural products. We begin with a discussion of the agricultural sector in general, based on an overview of the trends in macroeconomic indicators following the devaluation (section 2). Section 3 examines changes in the trading environment and the reaction of markets to these changes. Section 4 describes the responses of producers and traders to the new opportunities offered by the devaluation; the analysis looks at input/output price trends, trading opportunities and their impact on production. We conclude in section 5 by evaluating the results obtained, drawing conclusions about the devaluation's impact on agricultural transformation, and offering recommendations concerning future directions.