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CGD Policy Blogs

 

CFR's Africa Task Force Gives Nod to MCA

When the CFR released its new task force report "More than Humanitarianism: A Strategic Approach Toward Africa," it noted:

“We will know that the response to this opportunity has failed if, in another ten years, U.S. policymakers link hands once again with other world leaders around Africa’s problems and the world witnesses another global concert to end Africa’s poverty. The United States cannot afford to let another decade go by without effective solutions, and Africa deserves far better."

A buyback to resolve Nigeria's debt problem

Debt relief and African poverty are firmly on this year’s global agenda, most recently from the Tony Blair-sponsored Africa Commission. But little attention is going to the big elephant in the room: Nigeria.

Even with its oil wealth, Nigeria’s debt burden is enormous given its huge population of 130 million and its extreme poverty—average income is just $330 per year. Increasingly vital to Western energy security, Nigeria is also a worrying source of transnational security threats, including Islamic radicalism, disease, drug trafficking, and international crime.