CGD in the News

IMF Endorses Nigeria Policies in Nod to Paris Club

October 18, 2005
This Reuter's article on the impending Nigerian debt deal sites Research Fellow Todd Moss. Dr. Moss heads the Center's initiative on Debt Relief for Nigeria.

From the article:

"The whole point of the PSI is so they can go to the Paris Club to negotiate the debt," he said, adding that negotiators "are looking for the IMF to give them the thumbs up."

The Center for Global Development, an independent think tank based in Washington, has recommended that Nigeria be eligible for Paris Club debt forgiveness, and lobbied for the type of debt buy-back proposal agreed to in June.

Moss said the tentative deal seemed fair for all parties.