The International Monetary Fund (IMF) has been tasked with quickly devising a climate change strategy that helps its members meet collective climate change and development goals while maintaining financial stability. A new working paper by Luma Ramos, Corinne Stephenson, Irene Monasterolo and Kevin P. Gallagher uses textual analysis algorithms to perform a baseline analysis of […]
By Rebecca Ray For many years, researchers have debated the International Monetary Fund’s (IMF) use of austerity, or required fiscal budget tightening: how common it is, which borrowers receive such requirements, whether IMF practice has changed after successive financial crises, and what impacts such austerity has had. Two new working papers from the Boston University […]
By Luma Ramos The International Monetary Fund (IMF) is a multilateral organization that seeks global financial stability and monetary cooperation. It has three core activities: surveillance, technical assistance, and emergency lending. Surveillance is understood as overseeing the international monetary and financial system and monitoring the economic and financial policies of its 190 member countries. The IMF’s […]
In offering loans to developing countries in exchange for policy reforms, the International Monetary Fund (IMF) typically sets the fiscal parameters within which development occurs. Among the drivers of socio-economic development, a new working paper focuses on an important, yet insufficiently understood, international-level determinant: the spread of austerity policies to the developing world by the […]
Climate and environmental breakdown demand urgent and coordinated action across borders. Such action requires new global norms and rules that allow national autonomy while converging toward shared goals to deliver rising living standards for all people without further damaging our ecosystems. This will only happen by confronting and contesting the furies of hyper-globalization: the beneficiaries […]
Promoting stability on a global scale is a core component of the International Monetary Fund (IMF)’s mandate, and the COVID-19 pandemic has had a significant impact on the financial stability of nearly every country, with associated losses likely to surpass the 2008-09 Global Financial Crisis. Senior IMF officials have since called for “exceptional action” to […]
China’s ongoing commitment to overseas infrastructure investment through the Belt and Road Initiative (BRI) has ignited concern over environmental impacts. The BRI’s environmental impacts will be determined by China’s decisions not only on what kinds of projects to fund, but also how those projects end up operating relative to projects without Chinese involvement. It is […]
Summarizing 20 years of data, Kevin Acker and Deborah Brautigam discuss the changing landscape of Chinese lending to Africa in a new policy brief, jointly published with the China Africa Research Initiative at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies (SAIS-CARI). In the policy brief, Brautigam, SAIS-CARI Director, and Acker, SAIS-CARI […]
Free trade agreements (FTAs) are often signed by the developing countries in the hope of increasing their market access, improving their balance of trade (BOT) and reviving their economic growth by generating additional output and employment in their countries. However, if FTAs worsen the BOT or net exports, they can adversely impact Gross Domestic Product […]
The Boston University Global Development Policy (GDP) Center is a University-wide center in partnership with the Frederick S. Pardee School of Global Studies. The GDP Center’s mission is to advance policy-oriented research for financial stability, human well-being and environmental sustainability. The Global China Initiative (GCI) at the GDP Center maintains a suite of five interactive […]