Tag: Boston University Global Development Policy
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Africa’s Debt Dilemma: The Urgent Need for More Equitable Borrowing
For the first time in years, a few African countries are venturing back into the bond market to raise funds for infrastructure and to pay down their debts. However, borrowing more from private creditors is a risky move given the difficulties ...
How China Can Make a Significant Difference in Mobilizing Capital for Climate and Conservation
By Rebecca Ray On February 7, major global creditors will meet at the Global Sovereign Debt Roundtable (GSDR) to address the continuing debt crisis among emerging market and developing economies (EMDEs), which have faced a confluence of crisis factors – ...
Pass the Dictionary: Understanding the Various Forms of China’s Economic Engagement
By Lucas Engel and Oyintarelado Moses The debt challenges among China’s borrowers, as well as China’s shifting approach to lending and investment abroad, are feeding an appetite for data on Chinese financial flows. However, without a ...
On Tour in Africa and Latin America-Caribbean: Analyzing Wang Yi’s First Foreign Visits of 2024
By Oyintarelado Moses Every year, the Chinese foreign minister launches China’s first foreign policy visit with a trip to Africa, but this year, the tour is slightly different. From January 13-22, Chinese foreign minister Wang ...
Who Will Come to the Rescue? The Inadequacies of the Global Financial Safety Net and Its Impact on Developing Countries
By Marina Zucker-Marques and William N. Kring In an era marked by ‘higher-for-longer’ interest rates and restricted access to international financial markets, access to emergency liquidity financing is essential for emerging markets and developing economies (EMDEs) to weather economic ...
China’s Promises of a Green Future Raises More Questions Than Answers
For the climate-minded, this week’s report from the Boston Global Development Policy Center about trends in Chinese energy finance made for sobering reading. Of the $251 billion China Development Bank and China Exim Bank provided for energy projects between 2000 and 2022, ...
Where’s the Green? New Research Raises Doubts About China Investments in Sustainable Energy
At the Belt and Road Forum in October, Chinese President Xi Jinping’s keynote speech was peppered with the word “green.” He committed China to numerous green initiatives, including “green infrastructure, green energy and green transportation.” The problem is that China’s global energy ...
Kevin Gallagher’s Key Takeaways From the Belt & Road Forum
Boston University Global Development Policy Center Director Kevin Gallagher was one of only a handful of U.S. stakeholders invited to participate in the Belt and Road Forum that just wrapped up in Beijing. Kevin joined CGSP Editor-in-Chief Eric Olander for a ...
Breaking the Taboo: How Multilateral Development Banks Can Participate in Debt Relief
By Marina Zucker-Marques and Kevin P.Gallagher For three long years now, the Group of 20 (G20) Common Framework has been unable to put debt-distressed countries on a path toward debt sustainability and development. The Common ...
Chinese Lending to Africa Plunges to 20-Year Low
Chinese lending to African countries plunged to below a billion dollars in 2022, the lowest level in two decades, according to new data from the Global Development Policy Center at Boston University. The findings confirm that the era of Beijing financing ...
Chinese Loans to Africa by Region, 2000-2022
From 2000-2022, countries in Southern Africa and East Africa historically borrowed the most from China primarily due to large-scale loans in Angola, Zambia, South Africa, Ethiopia and Kenya. In 2021 and 2022, the regional composition is distinct from previous years; lending ...
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 ...