Todd Moss

Vice President for Programs and Senior Fellow
Africa, US-Africa relations, finance, capital markets
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Education: PhD and MSc University of London, BA Tufts University
Media Contact: Jessica Brinton

Todd Moss is vice president for programs and senior fellow at the Center for Global Development. Moss oversees the Center’s fundraising efforts and relations with external partners. In addition to his institutional responsibilities, he 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 investment, debt, and aid. He is currently working on cash transfers in new oil economies, new ideas for structuring US development policy, and the future of IDA. In the past he led the Center’s work on Nigerian debt, Zimbabwe’s economic recovery, and the African Development Bank.

Moss 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, Moss 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). Moss 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, 2nd ed., 2011).

New Popular Working Papers Books Other CGD Pubs Events Selected Works
  • 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...

  • The ABCs of the General Capital Increase (ABCs of IFIs Brief) - Sep 23, 2011

    This brief on the General Capital Increase is one of a suite of policy briefs that provides basic background information and practical analysis of the financial and governance issues facing the international financial institutions.

  • In Praise of Debt: Why Greece’s Mistakes Shouldn’t Hurt Emerging Borrowers - Sep 13, 2011

    Debt can bring about disaster, as in Greece or with your deadbeat son; but it can also be a the engine of growth and prosperity.

  • U.S. Interests in Nigeria’s Success with Financial Reform - Congressional Testimony - Nov 17, 2010

    Todd Moss testifies before the House Financial Services Subcommittee on International Monetary Policy and Trade on November 16, 2010, about the global financial crisis and financial reforms in Nigeria.

  • Leading Issues in Global Development Finance, Georgetown University (Syllabus) - Aug 4, 2010

    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. The first half considers...

  • Billions More for International Institutions? The ABCs of the General Capital Increases (GCI) - Jun 21, 2010

    After dramatically increasing their lending during the global financial crises, the international financial institutions are requesting an unusual General Capital Increase. Senior fellow Todd Moss and co-authors explain what this means—and why it’s important.

  • A New and Improved African Development Bank? An Update on Recommendations from the CGD Working Group - May 17, 2010

    With the African Development Bank (AfDB) seeking approval from its shareholders for a three-fold increase in its capital base, CGD senior fellow and vice president Todd Moss has evaluated the bank’s progress against six recommendations offered by a CGD working group in 2006. How much progress has...

  • A Doing Business Facility: A Proposal for Enhancing Business Climate Reform Assistance - Mar 30, 2010

    Africa remains extremely difficult for entrepreneurs. Donors are increasingly targeting assistance to address the investment-climate constraints that hinder private-sector growth. This report lays out the case for promoting investment climate reforms more strategically, various options for...

  • Targeted U.S. Support for Zimbabwe’s Recovery: Testimony before the Senate Foreign Relations Subcommittee on African Affairs - Sep 30, 2009

    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...

  • 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.

  • 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...

  • Economic Development in Africa, Georgetown University (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...

  • Leading Issues in Global Development Finance, Georgetown University (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...

  • Three Steps to Restore Democracy to Zimbabwe - Jan 7, 2009

    Senior fellow Todd Moss delineates three recommendations for the Obama administration to help restore democracy to Zimbabwe.

  • 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...

  • 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...

  • U.S. Aid to Africa After the Midterm Elections? A "Surprise Party" Update - Jan 25, 2007

    U.S. aid to Africa soared during President Bush's first term, to more than twice the level of any previous administration. But the newly divided government--Democratic Congress, Republican White House--could mean a cut in aid. In this CGD Note senior fellow Todd Moss uses just-released data from...

  • Freetown to Hollywood: The Kimberley Process Takes on Africa's 'Blood Diamonds' - Dec 6, 2006

    Diamonds, long seen as symbols of love and prosperity, are now blamed for war and corruption in some of the poorest places on earth. But do all diamonds fuel conflict and strife? In this CGD Note program associate Kaysie Brown and senior fellow Todd Moss consider the strengths and limitations of...

  • China's Export-Import Bank and Africa: New Lending, New Challenges - Nov 6, 2006

    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...

  • Fixing International Financial Institutions: How Africa Can Lead the Way - Sep 22, 2006

    In this CGD Note, CGD vice president Dennis de Tray and senior fellow Todd Moss argue that international financial institutions should transform their boards of resident executive directors into non-resident, non-executive bodies. Doing so would force the governing bodies to focus on their core...

  • Building Africa's Development Bank: Six Recommendations for the AfDB and its Shareholders - Sep 7, 2006

    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...

  • The Investment Climate Facility for Africa: Does it Deserve U.S. Support? - Aug 21, 2006

    The Investment Climate Facility (ICF) for Africa was launched in June to help Africa tackle problems that hinder domestic and foreign investment. It aims to raise $550 million for promotion of property rights and financial markets, anti-corruption efforts, and reform of regulations, taxation, and...

  • Foreign Investment and Economic Development:
    Evidence from Private Firms in East Africa
    - Dec 8, 2005

    In this CGD Brief, Todd Moss and Vijaya Ramachandran analyze the survey results of 300-400 manufacturing firms in Kenya, Tanzania and Uganda. Their main finding? Foreign firms perform better than local firms in generating jobs, increasing the productivty of their workers, and in skills transfer.

  • Planning for a Post-Mugabe Zimbabwe - Dec 5, 2005

    Zimbabwe is in a state of virtual economic collapse. It faces grave public health concerns and even basic services have stalled. A new CGD Note by Todd Moss and Stewart Patrick urges the international community to begin planning now for the narrow window of opportunity a post-Mugabe transition will...

  • What's Wrong with the Millennium Development Goals? - Sep 12, 2005

    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...

  • Costs and Causes of Zimbabwe's Crisis - Jul 20, 2005

    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...

  • Resolving Nigeria's Debt Through a Discounted Buyback - Apr 1, 2005

    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...

  • Double Standards on IDA and Debt: The Case for Reclassifying Nigeria - Mar 1, 2005

    Although nearly all poor countries are classified by the World Bank as IDA-only, Nigeria stands out as a notable exception. Indeed, Africa’s most populous country is the poorest country in the world that is not classified as IDA-only. Under the World Bank’s own criteria, however, Nigeria has a...

  • Iraq’s Last Chance to Beat the Oil Curse: Lessons for the Arab Spring - Oct 20, 2011

    The Center for Global Development Presents Iraq’s Last Chance to Beat the Oil Curse: Lessons for the Arab Spring Featuring author Johnny West Journalist and Founder of Open Oil Discussants Peter McPherson Former USAID Administrator and Director of Economic Policy for the Coalition...

  • African Development: Making Sense of the Issues and Actors - Oct 18, 2011

    The Center for Global Development presents a book reception to celebrate the 2nd edition of African Development: Making Sense of the Issues and Actors   Featuring the Author Todd Moss Vice President for Programs and Senior Fellow Center for Global Development With Remarks...

  • Nigeria's Fight against Corruption: Successes and Challenges - Sep 26, 2011

    The Open Society Foundations present Nigeria's Fight Against Corruption: Successes and Challenges Panelists Daniel Claman, Assistant Chief, Asset Forfeiture/Money Laundering, Department of Justice Eric Guttschuss, Researcher on Nigeria, Human Rights Watch Todd Moss, Vice President for...

  • Africa 1960: Beyond Independence - Nov 11, 2010

    Scholars from the fields of art history, history, economics, political science and journalism discuss the legacy of African Independence in recognition of the 17 African nations that gained independence in 1960. Cosponsored by Smithsonian National Museum of African Art and George Washington...

  • 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...

  • Congressional Hearing: Exploring U.S. Policy Options toward Zimbabwe’s Transition - Sep 30, 2009

    CGD vice president for corporate affairs and senior fellow Todd Moss will testify before the Senate Committee on Foreign Relations’ Subcommittee on African Affairs about exploring U.S. policy options toward Zimbabwe’s transition.

  • 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...

  • 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...

  • 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...

  • 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...

Non-CGD Publications

Books

Policy Reports:

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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