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CGD in the News

World Bank Sees Slow Growth for Economy (Washington Post)

June 23, 2009

The Washington Post quotes Todd Moss on the financial downturn's impact on Africa.

From the article:

"The drop in private foreign investment, as well as in global trade, has also had an impact on sub-Saharan Africa, even though the region is less intertwined with the global financial system, said Todd Moss, an African development expert and senior fellow at the Center for Global Development, an independent research group in Washington. The crisis has put infrastructure projects on hold, increased pressure on governments to devalue their currencies and could eventually force some to seek aid from the IMF.
"We don't know how bad it will get," Moss said."

Read the article