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POLICY PAPERS
November 17, 2017
This paper covers qualitative case studies from Iran, Nigeria, and India to illustrate a series of lessons for governments implementing subsidy reform policies. From these three country experiences, we find that fostering public support to implement lasting reform may depend on four measures: (1) fo...
Multimedia
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...
Blog Post
September 13, 2011
This is a joint post with Steph Majerowicz.
The Arab Spring has grabbed the world’s attention, yet Iraq—the Arab country that not long ago was the very epicenter of American foreign policy—has all but fallen off the front pages. While Iraq’s security has improved greatly, the country is s...
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...
CGD NOTES
August 03, 2005
Nigeria has $33 billion in external debt. The government has been trying unsuccessfully for years to cut a deal with creditors to reduce its external obligations but to date has only managed to gain non-concessional restructuring. The major creditors also have good reasons for wanting to seek a reso...
BRIEFS
July 13, 2005
Although nearly all poor countries are classified by the World Bank as IDA-only, Nigeria stands out as a notable exception. Indeed, Africa’s most populous country is the poorest country in the world that is not classified as IDA-only. Under the World Bank’s own criteria, however, Nigeria has a stron...