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November 17, 2011
In this two-minute 2006 video clip, CGD’s Todd Moss explains how the Center helped to open the way for Nigeria to obtain $30 billion in debt relief, one of the world’s biggest ever debt deals. Moss tells how CGD research led the World Bank to reclassify Nigeria so it could become eligible fo...
January 14, 2010
On April 21 Nigeria took final steps to pay off about $30 billion in accumulated debt for about $12 billion-an overall discount of about 60 percent-using foreign reserves from soaring oil prices. Nigeria had racked up arrears during decades of military rule and the debt was seen as a major barrier t...
WORKING PAPERS
May 26, 2006
The Multilateral Debt Relief Initiative (MDRI), the latest phase of debt reduction for poor countries from the World Bank, the IMF, and the African Development Bank, will come close to full debt reduction for at least 19 and perhaps as many as 40 countries. Debt relief proponents see it as a momento...