U.S. Interests in Nigeria’s Success with Financial Reform - Congressional Testimony

November 17, 2010

Todd Moss testified before the House Financial Services Subcommittee on International Monetary Policy and Trade on November 16, 2010, about the global financial crisis and financial reforms in Nigeria.

From Moss’s testimony:

The multilaterals are critical to the recovery of the global economy and worthy of robust U.S. support. I would urge Congress to look favorably upon the soft loan window replenishments and general capital increases for the African Development Bank and the World Bank in particular. These are investments that leverage U.S. contributions, build global markets, and expand the circle of prosperity.

Nigeria’s success is undeniably in the U.S. national interest. The United States needs a strong, capable, and stable Nigeria.… Fixing the financial sector is a prerequisite if the country is going to modernize, become middle-income, and join the international community as a responsible and dependable partner.

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