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.
Related Posts
Smaller and Greener? New Data Reveals a Shift in Chinese Loans to Africa
By Victoria Yvonne Bien-Aimé, Lucas Engel and Oyintarelado Moses A combination of economic shocks from the COVID-19 pandemic and the policy shift to a greener high-quality Belt and Road Initiative (BRI) has translated into a substantial decline in large-scale Chinese loan ...
At the Africa Climate Summit, China Can Lead by Example on Financing Sustainable Development in Africa
By Kevin P. Gallagher The climate crisis was caused by actors outside of Africa, yet Africans are suffering among the worst effects from climate change. Looking forward, African nations need to mobilize financing upwards of 10% of GDP annually to adapt to ...
How China’s Overseas Coal Plants in South and Southeast Asia Can be Retired Early
By Alex Clark Chinese public financial institutions have financed almost 40 gigawatts of coal-fired power generation capacity outside China in the last decade. These coal plants, located predominantly in Indonesia, Vietnam, and Pakistan, as shown below, and with an average ...
Prioritizing Socio-Ecological Protections: Study Shows Deregulation Doesn’t Attract Chinese Investment
By Christina Duran In a March 2023 synthetic report, the Intergovernmental Panel on Climate Change (IPCC) emphasized that Central and South America face adverse impacts from increased climate damage “without rapid, deep and sustained mitigation and accelerated adaptation action,” which ...
Friendship over Friendshoring? Practical Opportunities for U.S.-China Coordination on Global Energy Transition
By Cecilia Springer U.S.-China competition could be bad news for the climate. The geoeconomic fragmentation that is driven by U.S.-China decoupling will raise costs and potentially slow the global energy transition. At the same time, countries ...
The Real Drivers and Impacts of Chinese Overseas Lending and Development Finance
By Oyintarelado Moses Debates about the drivers and impacts of Chinese overseas lending and development finance (OLDF) have accompanied the rise of China as the world’s largest official bilateral lender. Amidst stalled debt negotiations under the ...
The More We Get Together: Benefits of Cofinancing Development Projects in the Global South
By Cecilia Springer The Global South faces major financing gaps for achieving sustainable development goals. At the same time, the main infrastructure initiatives seeking to fill these gaps - China’s Belt and Road Initiative (BRI) and the US-led Partnership for Global Infrastructure ...
Shifting Trade Winds between China and Latin America and the Caribbean as Free Trade Agreement Negotiations Progress
By Rebecca Ray and Zara C. Albright In 2022, the Latin America and Caribbean (LAC) region’s trade deficit in goods with China grew to a record 1.4 percent of regional GDP, as both sides of the relationship experienced uneven growth rebounds ...
Getting Currency Swaps Right: How China is Filling the Void Left by the West
By Kevin Gallagher, Marina Zucker-Marques and Barbara Fritz A recent World Bank paper – widely echoed by financial outlets – has raised concerns about a supposed Chinese “emerging system of cross-border bailouts”, composed mostly of currency swap agreements. To the authors, Chinese swaps are opaque and costly, ...
China’s Lending to Latin America and the Caribbean Begins Again with Smaller, Targeted Support
By Rebecca Ray and Margaret Myers Chinese development lending to Latin America and the Caribbean (LAC) has begun to rebound, according to the latest update of the Chinese Loans to Latin America and the Caribbean Database, maintained by the Boston University ...
History’s Solution to the China-U.S. Debt Standoff
By Kevin P. Gallagher History is repeating itself, but Western leaders are experiencing a selective memory loss that is preventing learning the lessons of that history. If developing countries are to mobilize the necessary resources ...
In Crafting Special Economic Zones, Ethiopia and Vietnam Learned from China and Taiwan
By Keyi Tang The Taliban administration recently announced plans to convert former US military bases into special economic zones (SEZs) with the aim of promoting economic self-sufficiency through increased trade and investment. The Taliban are not ...