By Zheng Zhai and Kevin P. Gallagher Countries across the Global South need a stepwise increase in investment to improve the well-being of their population and foster low-carbon, equitable and resilient growth. Countries must promote growth while simultaneously avoiding the significant social and economic losses that could arise from climate change and social instability. Lower […]
In 2024, China’s relationship with Latin America and the Caribbean (LAC) continued to grow, especially in the emerging sectors of renewable energy, energy transition minerals and electric mobility. However, lower-technology sectors such as agriculture and mining continued to dominate trade and are likely to continue their prominent role in trans-Pacific relations. Rebecca Ray and Enrique […]
By Yan Wang As the deadline for the United Nations Sustainable Development Goals (SDGs) draws near, the world economy faces headwinds from trade protections, supply-chain disruptions and shrinking development assistance. According to the OECD, official development assistance (ODA) from member countries declined by 7.1% in 2024. Against this backdrop, finding workable solutions to a polycrisis […]
With five years to go before the Sustainable Development Goals (SDGs) deadline, official statements have stressed that only 18 percent of the targets are on track, and many are going in reverse. International development community and policymakers around the world are struggling to find approaches that help to combat climate change and other challenges. Chinese […]
By Yiyuan Qi and William Olichney As China’s overseas financing activities expand across the globe, the need for reliable, detailed and publicly accessible data has grown as well. Researchers, policymakers, civil society and journalists increasingly rely on third-party databases to understand the scale, nature and impact of China’s global lending. A small group of independent […]
By Mengdi Yue As climate, biodiversity and pollution crises intensify, the call for green transformation has become universal. Yet while the urgency is clear, how countries cooperate to achieve it is still evolving. Understanding the how is becoming essential as countries search for practical decarbonization pathways. A new special policy study published by the China […]
By Rebecca Ray Globally, conserving nature is a key priority for protecting communities and economies from the catastrophic impacts of climate change. To this end, nations around the world have signed the Kunming-Montreal Global Biodiversity Framework and committed to mobilizing $200 billion per year for global biodiversity conservation, including $30 billion through international finance. However, […]
By Kevin P. Gallagher and Gregory T. Chin More than any time since their founding in 1944, the International Monetary Fund (IMF) and the World Bank, known as the Bretton Woods Institutions (BWIs), are undergoing important changes. China has played a significant role in driving those changes such that a new global economic order may […]
The multilateral system is falling short in mobilizing the level and composition of capital flows necessary for countries in the Global South to raise living standards and avoid the catastrophic costs of climate change. Rather than channeling a stepwise increase in resources, net capital flows to emerging market and developing countries have turned negative. This […]
By Rebecca Ray By 2030, low- and middle-income countries (LMICs) other than China must mobilize an ambitious $3 trillion annually to meet their development needs and avoid the catastrophic impacts of climate change. Further complicating this challenge is the fact that development finance has slowed dramatically in the last few years. A new working paper […]