Todd Moss proposes that countries seeking to manage new natural resource wealth should consider distributing income directly to citizens as cash transfers. Beyond serving as a powerful and proven policy intervention, cash transfers may also mitigate the corrosive effect natural resource revenue often has on governance.
Todd Moss testifies 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.
This module will examine the leading issues related to capital flows between the developed and developing worlds. It will cover the various types of official and private finance as well as the institutions and policies designed to manage and promote these flows. The first half considers development assistance from both the recipient and donor perspectives, as well as the changing roles of the IMF and the multilateral development banks. In the second half, the course explores the key issues in debt, private investment, and the financial sector. The course will stress policy-relevant issues and the presentation of analysis and information in a format used in real policymaking settings.
After dramatically increasing their lending during the global financial crises, the international financial institutions are requesting an unusual General Capital Increase. Senior fellow Todd Moss and co-authors explain what this means—and why it’s important.
A New and Improved African Development Bank? An Update on Recommendations from the CGD Working Group
With the African Development Bank (AfDB) seeking approval from its shareholders for a three-fold increase in its capital base, CGD senior fellow and vice president Todd Moss has evaluated the bank’s progress against six recommendations offered by a CGD working group in 2006. How much progress has the AfDB made?
Africa remains extremely difficult for entrepreneurs. Donors are increasingly targeting assistance to address the investment-climate constraints that hinder private-sector growth. This report lays out the case for promoting investment climate reforms more strategically, various options for implementing a system to do so, and possible institutional homes for the proposed facility.
Zimbabwe faces a daunting array of obstacles to full economic recovery, including a crippling external debt burden. Todd Moss and Benjamin Leo urge that the current government must address the legacy of debt arrears and manage external debt in order to generate opportunities for reconstruction and growth.
CGD vice president and senior fellow Todd Moss and reasearch assistant Lauren Young propose direct cash distribution of Ghana's oil profits to help the country avoid the natural resource curse. One positive effect of the plan would be to strenghten democratic pressure on the government to be good stewards of the resource.
Targeted U.S. Support for Zimbabwe’s Recovery: Testimony before the Senate Foreign Relations Subcommittee on African Affairs
CGD vice president for corporate affairs and senior fellow Todd Moss testified before the Senate Foreign Relations Subcommittee on African Affairs about U.S. policy toward Zimbabwe. He urged members of the committee to support democratic elements of Zimbabwe’s government without aiding corrupt forces in the country.
Senior fellow Todd Moss investigates how the aftershocks of the global economic downturn are affecting Africa. African countries that take the right steps to mitigate the pain will be poised to benefit from the eventual recovery; those that don't will be left behind.
Senior fellow Todd Moss considers the future of foreign aid in light of Dambiso Moyo’s book, Dead Aid, which argues that Western aid to Africa has brought more harm than help. The relevant question today, he argues, is not whether aid is good or bad, but rather how aid can be made to work better for both donors and the people of Africa.
This module will explore some of the research on the key issues of growth and poverty reduction in sub-Saharan Africa. It will examine a variety of empirical findings on these topics to better understand why Africa and the international agencies tasked to promote development have had so little success in the post-independence era. The course emphasizes international financial relations and institutions.
This module will examine the leading issues related to capital flows between the developed and developing worlds. It will cover the various types of official and private finance as well as the institutions and policies designed to manage and promote these flows. It begins by considering development assistance from both the recipient and donor perspectives, as well as the changing roles of the IMF and the multilateral development banks. In the second half, it explores the key issues in debt, private investment, and the financial sector.
Senior fellow Todd Moss delineates three recommendations for the Obama administration to help restore democracy to Zimbabwe.
This CGD working group report offers five practical recommendations for strengthening the International Development Association (IDA)--the World Bank's soft-loan facility for the world's poorest countries--as donors begin replenishment talks that will shape IDA's course from mid-2008 through mid-2011. Among the recommendations: affirm IDA's central role in the international aid system; focus on core tasks; don't hold IDA hostage to broader geopolitical issues; get serious about finding ways to help fragile states; and sharpen incentives for performance.Learn more
Bill Easterly calls Moss's new introduction to Africa "compulsively readable and accessible" and "a masterpiece of clear thinking." Each chapter is organized around three fundamental questions: Where are we now? How did we get to this point? What are the current debates?
Why Doesn't Africa Get More Equity Investment? Frontier Stock Markets, Firm Size and Asset Allocations of Global Emerging Market Funds - Working Paper 112
Africa receives only a tiny fraction of global investments in emerging markets. But the problem is not that fund managers are scared away by a seemingly steady stream of bad news out of Africa, nor is a general marketing of Africa to global investors the solution. Instead the authors of this new CGD working paper find that the small size of African markets and low levels of liquidity are a binding deterrent for foreign institutional investors. Drawing on firm surveys to explore why African firms remain small, the authors offer practical recommendations for increasing portfolio investment in Africa. Learn more
U.S. aid to Africa soared during President Bush's first term, to more than twice the level of any previous administration. But the newly divided government--Democratic Congress, Republican White House--could mean a cut in aid. In this CGD Note senior fellow Todd Moss uses just-released data from the first term of the Bush administration to explore patterns in U.S. official development assistance. He finds that aid to Africa is higher when the same party controls both the White House and Congress and that an all-Republican government gives more aid than an all-Democratic one.
Read Moss' 2003 Surprise Party working paper