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Views from the Center

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On the Hill: Moss Says Nigeria Should Try Cash Transfers (and U.S. Should Support Multilateral Development Banks)

This is a joint post with Kaci Farrell.

During a House Financial Services subcommittee hearing on the global financial crisis and Nigeria’s financial reforms, CGD vice president for programs and senior fellow Todd Moss said Nigeria’s economic and political stability are inextricably linked to each other and to U.S. national interests. He urged members to support the African Development Bank and the World Bank and proposed a new idea: Nigeria should consider using oil revenues to finance cash transfers to citizens in the Niger Delta.

Replenishing IDA’s Coffers: Time to Get Creative

This afternoon, the World Bank’s shareholders will wrap up their latest discussions about replenishing IDA’s financial coffers – which provides cheap loans and grants to the world’s poorest countries.  The largest donors seem more or less content with the new package of policy reforms.  They have agreed that IDA should focus even more on evaluating project effectiveness and have greater flexibility in dealing with the most fragile countries.  Nothing particularly earth shattering – and definitely nothing sexy (even for us propeller heads).  Then again, IDA is already one of the most