Vice President for Corporate Affairs, and Senior Fellow
Education: PhD and MSc University of London, BA Tufts University
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Todd Moss is vice president for corporate affairs and senior fellow at the Center for Global Development. He is also acting vice president for programs. In addition to his institutional responsibilities, Todd directs The Emerging Africa Project and his work focuses on U.S.-Africa relations and financial issues facing sub-Saharan Africa, including policies that affect private capital flows, debt, and aid. He is currently working on the economic crisis in Zimbabwe and has led the Center's work on Nigerian debt, the African Development Bank and the IDA-15 replenishment round.
Todd served as Deputy Assistant Secretary in the Bureau of African Affairs at the U.S. Department of State from May 2007 to October 2008 while on leave from CGD. He originally joined the Center in July 2003 from the World Bank where he served as a consultant and advisor to the Chief Economist in the Africa Region. Prior to joining the Bank, he was a Lecturer at the London School of Economics (LSE) in the postgraduate Development Studies Institute. Previously, Todd has worked as an Analyst for the Economist Intelligence Unit (EIU) and was Assistant Director of U.S. Policy Programs at the Overseas Development Council (ODC). Todd is an Adjunct Professor at Georgetown University and the author of numerous articles and books, including Adventure Capitalism: Globalization and the Political Economy of Stock Markets in Africa (Palgrave Macmillan, 2003) and African Development: Making Sense of the Issues and Actors (Lynne Rienner, 2007).
Newest
Popular
CGD Publications
Events
Multimedia
Selected Works
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Zimbabwe faces a daunting array of obstacles to full economic recovery, including a crippling external debt burden. Todd Moss and Benjamin Leo urge that the current government must address the legacy of debt arrears and manage external debt in order to generate opportunities for reconstruction and growth.
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CGD vice president and senior fellow Todd Moss and reasearch assistant Lauren Young propose direct cash distribution of Ghana's oil profits to help the country avoid the natural resource curse. One positive effect of the plan would be to strenghten democratic pressure on the government to be good stewards of the resource.
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In CGD’s first Global Prosperity Wonkcast I interview senior fellow Todd Moss on his innovative proposal for managing Ghana’s anticipated $1 billion per year oil windfall: money to the people. Subscribe to the podcast if you have iTunes; read Moss’s executive memo to Ghana’s President John Atta Mills, or get the full story in Saving Ghana from Its Oil: The Case for Direct Cash Distribution.
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CGD vice president for corporate affairs and senior fellow Todd Moss testified before the Senate Foreign Relations Subcommittee on African Affairs about U.S. policy toward Zimbabwe. He urged members of the committee to support democratic elements of Zimbabwe’s government without aiding corrupt forces in the country.
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Senior fellow Todd Moss investigates how the aftershocks of the global economic downturn are affecting Africa. African countries that take the right steps to mitigate the pain will be poised to benefit from the eventual recovery; those that don't will be left behind.
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Senior fellow Todd Moss considers the future of foreign aid in light of Dambiso Moyo’s book, Dead Aid, which argues that Western aid to Africa has brought more harm than help. The relevant question today, he argues, is not whether aid is good or bad, but rather how aid can be made to work better for both donors and the people of Africa.
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This module will explore some of the research on the key issues of growth and poverty reduction in sub-Saharan Africa. It will examine a variety of empirical findings on these topics to better understand why Africa and the international agencies tasked to promote development have had so little success in the post-independence era. The course emphasizes international financial relations and institutions.
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This module will examine the leading issues related to capital flows between the developed and developing worlds. It will cover the various types of official and private finance as well as the institutions and policies designed to manage and promote these flows. It begins by considering development assistance from both the recipient and donor perspectives, as well as the changing roles of the IMF and the multilateral development banks. In the second half, it explores the key issues in debt, private investment, and the financial sector.
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Senior fellow Todd Moss delineates three recommendations for the Obama administration to help restore democracy to Zimbabwe.
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This CGD working group report offers five practical recommendations for strengthening the International Development Association (IDA)--the World Bank's soft-loan facility for the world's poorest countries--as donors begin replenishment talks that will shape IDA's course from mid-2008 through mid-2011. Among the recommendations: affirm IDA's central role in the international aid system; focus on core tasks; don't hold IDA hostage to broader geopolitical issues; get serious about finding ways to help fragile states; and sharpen incentives for performance.Learn more
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Many poor countries, especially in Africa, will miss the MDGs by a large margin. But neither African inaction nor a lack of aid will necessarily be the reason. Instead, responsibility for near-certain ‘failure’ lies with the overly-ambitious goals themselves and unrealistic expectations placed on aid. While the MDGs may have galvanized activists and encouraged bigger aid budgets, over-reaching brings risks as well. Promising too much leads to disillusionment and can erode the constituency for long-term engagement with the developing world.
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CGD vice president and senior fellow Todd Moss and reasearch assistant Lauren Young propose direct cash distribution of Ghana's oil profits to help the country avoid the natural resource curse. One positive effect of the plan would be to strenghten democratic pressure on the government to be good stewards of the resource.
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Does foreign aid help develop public institutions and state capacity in developing countries? In this Working Paper, the authors suggest that despite recent calls for increased aid to poor countries by the international community, there may be an "aid-institutions paradox." While donor intentions may be sincere, the authors conclude that it is possible that aid could undermine long-term institutional development, particularly in sub-Saharan Africa.
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Zimbabwe has experienced a precipitous collapse in its economy over the past five years. The government blames its economic problems on external forces and drought. We assess these claims, but find that the economic crisis has cost the government far more in key budget resources than has the donor pullout. We show that low rainfall cannot account for the shock either. This leaves economic misrule as the only plausible cause of Zimbabwe’s economic regression, the decline in welfare, and unnecessary deaths of its children.
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Donald Kaberuka, the new president of the African Development Bank, leads an institution whose financial standing has been restored from the near collapse of 1995, but whose operational credibility remains a work-in-progress. This CGD working group report offers external, independent advice to Kaberuka and the Bank's board of directors on broad principles to guide the Bank’s renewal. The report contains six bold yet achievable recommendations for management and shareholders as they address the urgent task of reforming Africa's development bank. Prominent among the recommendations is a strong focus on infrastructure.
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Senior fellow Todd Moss investigates how the aftershocks of the global economic downturn are affecting Africa. African countries that take the right steps to mitigate the pain will be poised to benefit from the eventual recovery; those that don't will be left behind.
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Nigeria has $33 billion in external debt. The government has been trying unsuccessfully for years to cut a deal with creditors to reduce its external obligations but to date has only managed to gain non-concessional restructuring. The major creditors also have good reasons for wanting to seek a resolution, yet agreement has been elusive. Fortunately, there is a brief window of opportunity in 2005 to find a compromise that can meet the needs of both sides. This note briefly outlines a proposal for striking such a deal through a discounted debt buyback.
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China's bid for a leading role in Africa gained sudden visibility on the weekend with an unprecedented gathering of leaders from 48 African countries in Beijing. Chinese president Hu Jintao pledged to double aid and to offer $5 billion in loans by 2009. China's newly high-profile overtures towards Africa have raised eyebrows—and a fair bit of anxiety—among Africa’s traditional development partners. Will Chinese lending lead to a new African debt crisis? In a new CGD Note, senior fellow Todd Moss and research assistant Sarah Rose examine the growing clout of a little-known instrument of China's Africa policy, the Export-Import Bank of China, and offer some advice for the West. Learn more
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*REVISED Version September 2004
The Millennium Development Goals (MDGs) are unlikely to be met by 2015, even if huge increases in development assistance materialize. The rates of progress required by many of the goals are at the edges of or beyond historical precedent. Many countries making extraordinarily rapid progress on MDG indicators, due in large part to aid, will nonetheless not reach the MDGs. Unrealistic targets thus may turn successes into perceptions of failure, serving to undermine future constituencies for aid (in donors) and reform (in recipients). This would be unfortunate given the vital role of aid and reform in the development process and the need for long-term, sustained aid commitments.
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The international goal for rich countries to devote 0.7% of their national income to development assistance has become a cause célèbre for aid activists and has been accepted in many official quarters as the legitimate target for aid budgets. The origins of the target, however, raise serious questions about its relevance.
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Saving Ghana from Its Oil: The Case for Direct Cash Distribution - Working Paper 186
- Oct 19, 2009
CGD vice president and senior fellow Todd Moss and reasearch assistant Lauren Young propose direct cash distribution of Ghana's oil profits to help the country avoid the natural resource curse. One positive effect of the plan would be to strenghten democratic pressure on the government to be good stewards of the resource.
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How the Economic Crisis Is Hurting Africa--And What to Do About It
- May 8, 2009
Senior fellow Todd Moss investigates how the aftershocks of the global economic downturn are affecting Africa. African countries that take the right steps to mitigate the pain will be poised to benefit from the eventual recovery; those that don't will be left behind.
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Dambisa Moyo's (Serious) Challenge to the Development Business
- Apr 21, 2009
Senior fellow Todd Moss considers the future of foreign aid in light of Dambiso Moyo’s book, Dead Aid, which argues that Western aid to Africa has brought more harm than help. The relevant question today, he argues, is not whether aid is good or bad, but rather how aid can be made to work better for both donors and the people of Africa.
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Economic Development in Africa (Syllabus)
- Jan 14, 2009
This module will explore some of the research on the key issues of growth and poverty reduction in sub-Saharan Africa. It will examine a variety of empirical findings on these topics to better understand why Africa and the international agencies tasked to promote development have had so little success in the post-independence era. The course emphasizes international financial relations and institutions.
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Leading Issues in Global Development Finance (Syllabus)
- Jan 14, 2009
This module will examine the leading issues related to capital flows between the developed and developing worlds. It will cover the various types of official and private finance as well as the institutions and policies designed to manage and promote these flows. It begins by considering development assistance from both the recipient and donor perspectives, as well as the changing roles of the IMF and the multilateral development banks. In the second half, it explores the key issues in debt, private investment, and the financial sector.
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The World Bank's Work in the Poorest Countries: Five Recommendations for a New IDA
- Jun 11, 2007
This CGD working group report offers five practical recommendations for strengthening the International Development Association (IDA)--the World Bank's soft-loan facility for the world's poorest countries--as donors begin replenishment talks that will shape IDA's course from mid-2008 through mid-2011. Among the recommendations: affirm IDA's central role in the international aid system; focus on core tasks; don't hold IDA hostage to broader geopolitical issues; get serious about finding ways to help fragile states; and sharpen incentives for performance.Learn more
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African Development: Making Sense of the Issues and Actors
- Mar 5, 2007
Bill Easterly calls Moss' new introduction to Africa "compulsively readable and accessible" and "a masterpiece of clear thinking." Each chapter is organized around three fundamental questions: Where are we now? How did we get to this point? What are the current debates? CGD's package of materials includes an invitation to a talk by the author on Wednesday, an online video, and an opportunity to ask Moss a question through Ask CGD, our new live online interview site. Learn more
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British Development Policy and the Conservative Party
- Dec 3, 2009
Andrew Mitchell, MP, UK Shadow Minister for International Development, will be speaking about the UK Conservative Party's development policy and plans, including the main elements of the "green paper" issued recently. One World Conservatism lays out the Tory strategy for fighting global poverty and how the UK aid regime may change if the Conservative Party wins next year's elections.
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The Pentagon and Development: Programs and Structures
- Jul 29, 2009
The Department of Defense (DoD) has become increasingly engaged in development activities over the past ten years through the wars in Iraq and Afghanistan and the broader counterterrorism effort. While the development community points to the links between poverty and U.S. security threats to justify increasing aid budgets, the Pentagon has shifted its priorities and resources to increase its engagement with the developing world. David Jea, a CGD visiting associate on leave from the U.S. State Department, presents data on DoD’s evolving authorities, programs, personnel, and budgets, shedding light on the current civilian military imbalance and its possible implications.
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New Ideas in Development after the Financial Crisis
- Apr 22, 2009
The New Ideas in Development After the Financial Crisis Conference, sponsored by CGD and the Bernard L. Schwartz Forum on Constructive Capitalism, will examine the implications of the global financial crisis on existing development strategies. Panels of distinguished academics and policy practitioners will explore how different regions of the developing world are interpreting this crisis and how they are likely to respond on a national and international level.
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Africa’s Private Sector: What’s Wrong with the Business Environment and What to Do About It
- Mar 26, 2009
Why is the private sector yet to take off in much of sub-Saharan Africa? In Africa's Private Sector, Vijaya Ramachandran and her co-authors identify the biggest obstacles: inadequate infrastructure (especially unreliable electricity and crumbling roads) and burdensome regulations. The authors suggest investing in infrastructure and reforming regulations to lower the cost of doing business, and increasing the access to education for would-be entrepreneurs to help foster the emergence of a broader-based business class that crosses ethnic divides. Join us for a discussion of how foreign donors can help African businesses by supporting better roads and renewable energy systems.
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China into Africa: New Research on Chinese Influence in Africa and What It Means for the Continent―and U.S. Foreign Policy
- Feb 5, 2009
The recently published China into Africa: Trade, Aid, and Influence sheds new light on the well studied but still poorly understood emerging relationship by drawing in the perspectives of African, Chinese, and American scholars. Robert Rotberg, volume editor, argues that China’s current thrust into sub-Saharan Africa promises to do more for economic growth and poverty alleviation there than anything attempted by Western colonialism or the massive initiatives of the international lending agencies and other donors. Chapter author Wenran Jiang explores China’s strategic interests, particularly its focus on energy, and concludes that China and the West both have an interest in cooperating to facilitate geopolitical stability. Both authors will also discuss challenges of the new U.S. administration to respond effectively to Chinese engagement in the continent, including partnership on donor assistance and tackling the toughest cases in Somalia, Zimbabwe, and Sudan.
Non-CGD Publications
Books
- African Development: Making Sense of the Issues and Actors, Lynne Rienner, 2007.
- African Emerging Markets, Contemporary Issues, Vol II, (edited with Sam Mensah), African Capital Markets Forum, Accra, 2004.
- Adventure Capitalism: Globalization and the Political Economy of Stock Markets in Africa, Palgrave MacMillan, 2003.
Policy Reports:
- Strategic Framework for Assistance to Africa: IDA and the Emerging Partnership Model, with Alan Gelb, et al, Africa Region, World Bank, Washington DC, January 2004.
- The Other Costs of High Debt in Poor Countries: Growth, Policy Dynamics, and Institutions, (PDF, 211.44KB) with Hanley S. Chiang, World Bank, HIPC Unit, August 2003.
- The Partnership Imperative: Maintaining American Leadership in a New Era, with Catherine Gwin et al, Overseas Department Council, Washington DC, 1997.
Selected Journals/Chapters
- “An Aid-Institutions Paradox? Aid dependency and state building in sub-Saharan Africa,” with Nicolas van de Walle and Gunilla Pettersson, in William Easterly (ed.) Reinventing Aid, MIT Press, Cambridge, 2008.
- “The Ghost of 0.7%: Origins and Relevance of the International Aid Target,” with Michael Clemens, International Journal of Development Issues, Vol. 6, No. 1, 2007.
- “Zimbabwe’s Meltdown: Anatomy of a Peacetime Economic Collapse,” The Fletcher Forum of World Affairs, Vol. 31, No. 2, Summer 2007.
- “The Trouble with the MDGs: Confronting Expectations of Aid and Development Success,” with Michael Clemens and Charles Kenny, World Development, Vol. 35, No. 5, May 2007.
- “Briefing: The G8’s Multilateral Debt Relief Initiative and Poverty Reduction in Sub-Saharan Africa”, African Affairs, Vol. 105, No. 419, April 2006.
- “After Mugabe: Applying Post-Conflict Recovery Lessons to Zimbabwe” (PDF, 211KB); Africa Policy Journal, Harvard University, Spring 2006, V.I.
- “Compassionate Conservatives of Conservative Compassionates? US political parties and bilateral foreign assistance to Africa”, with Markus Goldstein, Journal of Development Studies, Vol. 24, No. 1, October 2005.
- “Is Africa’s Skepticism of Foreign Capital Justified? Preliminary Evidence from Firm Survey Data in East Africa”, with Vijaya Ramachandran and Manju Kedia Shah, in Magnus Blomstrom, Edward Graham, and Theodore Moran (eds), Does a Foreign Direct Investment Promote Development?, Institute of International Economics, Washington DC, May 2005.
- “Is Wealthier Really Healthier?” Foreign Policy, Carnegie Endowment for International Peace, Washington DC, March/April 2005.
- “Current issues in development assistance to Sub-Saharan Africa”, Sub-Saharan Africa Regional Forecast, Economist Intelligence Unit, London, February 2005.
- “Africa and the Battle over Agricultural Protectionism” (PDF, 329.86KB), with Alicia Bannon, World Policy Journal, New York, Vol. XXI, No. 2, Summer 2004.
- “Irrational Exuberance or Financial Foresight? The Political Logic of Stock Markets in Africa”, in Sam Mensah & Todd Moss (eds), African Emerging Markets: Contemporary Issues, Volume II, African Capital Markets Forum, Accra, 2004.
- “Stock Markets in Africa: Emerging Lions or White Elephants?” with Charles Kenny, World Development, Vol. 26, No. 5, May 1998.
- “Africa Policy Adrift,” with David Gordon, Mediterranean Quarterly, Vol. 7, No. 3, Summer 1996.
- “US Policy and Democratisation in Africa: The Limits of Liberal Universalism,” The Journal of Modern African Studies, Vol. 33, No. 2, June 1995.
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