Clean slate [Economist]

CGD's Todd Moss was quoted in this article by the Economist about his role in the recent Nigerian debt deal.

From the article:

The buy-back puts cash in the hands of creditors, who grew accustomed over the years to receiving precious little from Nigeria. It also has political virtues, according to Todd Moss of the Centre for Global Development, the Washington think-tank that first proposed the buy-back. In the past, he points out, Nigeria's oil windfalls have been squandered. Therefore it is better to spend this money now, by paying off future obligations, than to leave it piling up in the central bank, as an open invitation to irresponsibility. Oil money is here today, mis-spent tomorrow. Debt relief is for ever.

Learn more about CGD's research on Nigerian Debt