The International Monetary Fund (IMF) levies surcharges, or extra fees, on member countries that either draw “substantial” amounts of IMF credit to mitigate the balance of payments constraints or maintain their credit exposure with the institution for sufficiently long periods. Reportedly designed to discourage the overuse of Fund resources and ensure the IMF’s financial soundness, […]
In April 2022, the International Monetary Fund (IMF) established the Resilience and Sustainability Trust (RST), its first lending facility to provide longer-term concessional financing to low- and middle-income countries to help tackle key structural challenges such as climate change and pandemic preparedness. The RST is resourced through voluntary re-channeling by Group of 20 (G20) countries […]
It is now widely recognized that emerging market and developing economies (EMDEs) excluding China need to mobilize $3 trillion annually – $1 trillion from external sources and $2 trillion domestically – by 2030 to meet shared climate and development goals. These investments are not only essential to avoiding the relative catastrophic economic, social and environmental […]
The clean transition toward net zero is often constrained by inadequate finance and access to affordable climate technologies, especially for developing countries. While the Group of 20 (G20) has been at the forefront of efforts to take steps to address the financial challenges, the generation and diffusion of climate technologies must also receive due attention. […]
By Akanksha Goyal The Boston University Global Development Policy Center (GDP Center) is pleased to present the 2024-2025 cohort of Global Economic Governance Fellows. These six outstanding scholars join the GDP Center from various backgrounds and universities, including the University of Oxford, American University and Syracuse University. They have completed or are completing doctoral degrees […]
Between 2008-2019, Latin American (LAC) countries borrowed $132 billion from Chinese development finance institutions (DFIs) and $155 billion from the World Bank. Over 20 LAC countries have become signatories of China’s Belt and Road Initiative since its inception. Additionally, LAC was the first region that United States officials visited to promote the US’s own infrastructure […]
By Maureen Heydt The Boston University Global Development Policy Center (GDP Center) is a policy-oriented research center working to advance financial stability, human well-being and environmental sustainability across the globe through rigorous interdisciplinary research, policy engagement and strategic communications. There are two aspects that make the GDP Center unique among development-oriented centers across other academic […]
At the upcoming 29th United Nations Climate Change Conference (COP29) in Baku, Azerbaijan in November, parties are expected to agree on a New Collective Quantified Goal (NCQG) to replace the $100 billion climate finance goal set in 2009. The $100 billion – in addition to being met two years late – left open significant questions […]
The Boston University Global Development Policy Center (GDP Center) is a policy-oriented research center working to advance financial stability, human well-being and environmental sustainability across the globe through rigorous interdisciplinary research, policy engagement and strategic communications. The GDP Center is a University-wide research center in partnership with the Office of Research and the Frederick S. […]
By Akanksha Goyal The Boston University Global Development Policy Center (GDP Center) is pleased to present the 2024-2025 cohort of Global China Research Fellows. These six outstanding scholars from a multitude of universities, including the Ohio State University, American University and the University of Oxford, have or will have completed doctoral degrees in disciplines ranging […]