Nigeria Completes PC Pre-payment

CGD is credited in this article for the reclassification of Nigeria by the World Bank, which was a catalyst in this historic debt relief deal.

From the article:

Praise was also reserved for the Center for Global Development (CGD), a Washington-based think tank, which produced a paper in September 2004 that persuaded the World Bank to classify Nigeria as an IDA (International Development Agency) only country in July 2005. This opened the door for Naples Treatment by the Paris Club, said people close to the government. The CGD was also noted by the same source as the party that introduced the idea of debt buybacks at a discount.