Author: BU Global Development Policy Ctr.
The Boston University Global Development Policy Center is a policy-oriented research center working to advance financial stability, human well-being and environmental sustainability across the globe.
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To Speed Up Coal Plant Retirement, Policymakers Need to Better Understand the Costs and Benefits
By Rishikesh Ram Bhandary and Kevin P. Gallagher Coal-fired power plants will have to be rapidly phased down to meet the Paris Agreement targets and avoid the catastrophic costs of inaction on climate change. At ...
Brazil’s Non-Signing on to China’s BRI: Much Ado About Nothing?
By Jorge Heine Amazingly, a subject as obscure as whether a Latin American country would sign on to a particular Chinese international cooperation program made headlines around the world these days. “Brazil becomes the second country after India not to join ...
Three Big Global Questions on the IMF and World Bank’s Agenda
By Tim Hirschel-Burns The World Bank and the International Monetary Fund (IMF) are not the only places where global economic decision-making takes place, but arguably, no other institutions combine such global scope and implementation power. The United Nations (UN) serves as ...
Pulling China In: The Political Goals and Project Needs Behind Latin America’s Loans From China
By Zara C. Albright Since Latin American countries began borrowing from China’s development finance institutions (DFIs) nearly two decades ago, loans from the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) have played a significant role in ...
Navigating Risk and Relationships: Chinese Loans to Africa in 2023
By Diego Morro, Victoria Yvonne Bien-Aimé and Lucas Engel This week, African and Chinese leaders are gathering in Beijing for the 2024 Summit of the Forum on China-Africa Cooperation amid significant anticipation from observers about the summit’s key priorities and whether ...
Report: Chinese Lending to African Countries Rebounded in 2023
Chinese creditors resumed lending to African countries in 2023, ending seven years of consecutive declines, according to new data from Boston University's Global Development Policy Center. Chinese lenders issued 13 loans to borrowers in eight African countries and two regional financial ...
Learning Through Lending: China-Africa Economic Engagement through FOCACs Past and Present
By Lucas Engel As the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) approaches, it is warranted to look back at the trajectory of China-African economic engagement and assess its current state. For China, FOCAC, ...
Empowering Africa: How Host States Can Influence Chinese-Supported Power Projects
By Naa Adjekai Adjei Over the past decade, Chinese investments have significantly bolstered Africa's infrastructure landscape. However, prevailing narratives have often emphasized China's influence, overshadowing the critical role of African host states in determining ...
More Finance, Less Emissions: Chinese Investment in Africa for Low-Carbon Industrialization
By Keyi Tang, Solomon Owusu and Gideon Ndubuisi As African and Chinese leaders prepare for the upcoming Forum on China-Africa Cooperation (FOCAC), it is imperative to consider the environmental implications of China's growing economic presence in Africa. ...
Falling Through the Net? The Perils of Relying on Central Bank Swaps for Global Crisis Finance
By Laurissa Mühlich, Thomas Goda, and Marina Zucker-Marques Since the 2008 global financial crisis, central bank swaps have emerged as an increasingly important pillar of the Global Financial Safety Net (GFSN), the network of institutions and arrangements that aim at ...
Unlocking Africa’s Clean Energy Potential With Prefeasibility Funding
By Tsitsi Musasike, Jiaqi Lu, Adjekai Adjei, and Kevin P. Gallagher The second decade of China’s Belt and Road Initiative (BRI) promises to be bigger, better, and, importantly, greener. According to the Chinese Loans ...
The Case for Early Retirement of Chinese Financed Overseas Coal Plants
By Cecilia Springer China leads the world in domestic renewable energy installation and low-carbon manufacturing and is increasingly positioning itself as a climate leader through its development financing in the Global South. However, China ...










