By Claire Paul From November 28-December 12, the 2023 United Nations Climate Change Conference (COP28) will be held in Dubai, United Arab Emirates. The conference comes at a “milestone moment,” as participating representatives will assess their country’s progress in adhering to the goals set out by the Paris Agreement and conclude the first-ever Global Stocktake. […]
By Rishikesh Ram Bhandary As delegates gather in Dubai for the 28th United Nations Climate Change Conference (COP28), climate finance is expected to dominate the agenda. While the $100 billion goal is likely to be met this year (though, at least two years behind schedule), climate finance needs remain tremendous. Estimates show that emerging markets […]
Climate vulnerable countries, such as those in Latin America and the Caribbean, are currently locked in a cycle of debt and climate: extreme weather events are driving up debt burdens, shrinking already-limited fiscal space and leading to higher costs of capital. Governments are left unable to adequately invest in adaptation measures or meet nationally determined […]
By Samantha Igo Within 24 hours in late October, Hurricane Otis, in defiance of forecasting models, increased windspeed by 115 mph and made landfall in Acapulco, Mexico as a Category 5 hurricane. In addition to the devastating loss of life, insurance analysts have estimated “insurable” losses in Acapulco and the surrounding area to be as […]
Urban expansion in Africa offers opportunities for growth and development, but such growth will also present significant challenges to the planning, managing and financing of public infrastructure and services, particularly urban transportation systems. Inadequate transportation in African cities has a particularly disproportionate effect on women, who are likely to face additional social and structural barriers […]
By Sayuri Kataoka The Boston University Global Development Policy (GDP) Center is pleased to present the 2023-2024 cohort of Global Economic Governance Fellows. These four excellent scholars join the GDP Center from various backgrounds and universities, including Stony Brook University, American University and Syracuse University. They have or will be completing doctoral degrees in disciplines […]
By Claire Paul After a summer of research and professional development, the 2023 Summer in the Field Fellows have completed their fellowships. The Summer in the Field Program, sponsored by the Boston University Global Development Policy Center, provides stipends of $6,000-$8,000 to a select group of qualified Boston University graduate students to participate in unpaid internships […]
A new update to the China’s Global Energy Finance (CGEF) Database, managed by the Boston University Global Development Policy Center, estimates that from 2000-2022, China’s two development finance institutions (DFIs)—the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) — have provided 331 loans, totaling $225 billion for 65 foreign governments for energy […]
By Nabil Haque On Wednesday October 4, 2023, the Boston University Global Development Policy (GDP) Center hosted a webinar discussion ahead of the 2023 International Monetary Fund/World Bank Group Annual Meetings on reforming and strengthening multilateral development banks (MDBs) to meet shared climate and development goals. The webinar was moderated by Kevin P. Gallagher, Director […]
Euro area central banks are reporting losses as they pay banks 4 percent but collect only 1 percent on trillions of euros of bonds bought to spur growth with lower yields. Once central banks exhaust their capital, they may need to go to their governments. Recently, the European Central Bank (ECB) ceased to pay interest […]