Ideas to Action:

Independent research for global prosperity

Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

A buyback to resolve Nigeria's debt problem

Debt relief and African poverty are firmly on this year’s global agenda, most recently from the Tony Blair-sponsored Africa Commission. But little attention is going to the big elephant in the room: Nigeria.

Even with its oil wealth, Nigeria’s debt burden is enormous given its huge population of 130 million and its extreme poverty—average income is just $330 per year. Increasingly vital to Western energy security, Nigeria is also a worrying source of transnational security threats, including Islamic radicalism, disease, drug trafficking, and international crime.

Effective Economic Growth for People: The Role of the United States

Political stability and sound domestic economic policies are the main ingredients in making development possible, according to William R. Cline, joint fellow of the Center for Global Development and the Institute for International Economics. In a presentation to the Society for International Development on December 12, 2004 Cline suggested three areas the U.S. should focus on in order to increase global development and reduce poverty.

Trade

How much does the U.S. help?

Why did a U.N. official’s remark soon after the tsunami hit that rich countries are “stingy” stir such a furor in the U.S.? We are a thick-skinned people, inventors of “Crossfire” and the NFL, led by a president who takes pride in disregarding foreign opinion. Yet even though Jan Egeland, the U.N. point person for disaster relief, did not single out the U.S., his words hit a raw nerve.

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