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Nigeria is proposing to transfer a 10 percent stake in the national oil company to delta communities; citizens of the delta would then be entitled to cash benefits, delivered through a trust-type mechanism. Read about it here.
That would be a real live breakthrough on a good idea proposed in CGD papers for Iraq and Ghana.
What would Barack Obama be like if he was still president in 2051? We would expect that despite whatever initial good intentions, that four decades in power would inevitably give way to entrenched corruption, mindless sycophancy, and probably destroy our democracy. Such an outcome is not only barred by the U.S. constitution, but sounds like an absurd question today.
One of the great underexplored areas in economic development research is rigorous investigation of how bad leaders affect development. A series of actions by Robert Mugabe's regime have coincided with an epic collapse of Zimbabwe's economy, erasing half a century of income growth and bringing on four million percent inflation.
In today's Financial Times, former UN Secretary-General Kofi Annan makes a strong case for collective action on the situation in Zimbabwe. Mr Annan argues that "if the government, which many claim to be the author of violence, cannot ensure a fair vote, Africa must hold it accountable. The victor of an unfair vote must be under no illusions: he will neither have the legitimacy to govern, nor receive the support of the international community."
DAKAR, Senegal: Nigeria's anti-corruption chief, whose investigations have ensnared some of the country's wealthiest politicians and officials, will be sent to a year-long training course in a remote police academy, according to senior law enforcement officials in Nigeria, in what many analysts and anti-corruption activists say is an attempt to sideline him.
In London today, Kofi Annan announced Joaquim Chissano, the former president of Mozambique, as the first winner of the largest award in the world--the Mo Ibrahim Prize for Achievement in African Leadership. The award consists of $5 million over 10 years and US$200,000 annually for life, as well as up to $200,000 a year for 10 years "towards the winner's public interest activities and good causes". President Chissano was praised for putting his country on a path towards peace and democracy and for a variety of economic reforms.