In an environment characterized by rising interest rates and high uncertainty, avoiding a global recession is possible not by halting investment, but continuing to invest in public assets in the Global South. Public assets like railroads, bridges and other critical infrastructure are able not only to generate a positive yield, but also support sustainable structural […]
The prevailing view in political science and economics has been that women’s power in the Global North is greater than that in the Global South, where progress is viewed as slower and less impactful. Yet, across analytic levels, the developing world provides striking models of the assertion of women’s power, specifically the latest insight that […]
The global financial system is confronting a multitude of challenges, from uncertain growth and widespread debt to climate risks and beyond. Amid these constraints, the International Monetary Fund (IMF) has a vital role to play as the anchor of the Global Financial Safety Net (GFSN). As the Group of 20 (G20) has called for a […]
By Samantha Igo Amid warnings from the Intergovernmental Panel on Climate Change that it is “now or never” for climate action, policymakers meet in Paris this week on June 22-23 for the Summit for a New Global Financing Pact. With the $100 billion climate finance commitment by advanced economies long overdue, and current estimates suggesting […]
Amid warnings from the Intergovernmental Panel on Climate Change that it is “now or never” to make the investments necessary to limit warming to 1.5°C and avoid catastrophic costs, policymakers are in Paris this week to discuss the international financial architecture and how to efficiently mobilize sufficient resources for a green transition. Multilateral development banks […]
As the need for substantive climate action and poverty alleviation becomes more urgent amid global crises, both developing and developed countries cannot fulfill the mechanisms designed to ease these issues. Meeting the United Nations 2030 Sustainable Development Goals (SDGs) and climate action are necessary to ensure green transitions and lift communities out of poverty, but […]
By Zara C. Albright On Wednesday, May 24, 2023, the Boston University Global Development Policy (GDP) Center hosted a webinar discussion with Margaret Myers of the Inter-American Dialogue, Rebecca Ray of the GDP Center and Ignacio Tornero, Founder and CEO of East Consulting and an Adjunct Instructor with Pontífica Universidad Católica de Chile, to discuss […]
The World Trade Organization’s (WTO) Appellate Body (AB) was established in 1995 to hear appeals on trade disputes between member countries. However, following the end of the final member’s term in 2020, it has been effectively disbanded, and the United States has since blocked all new appointments. The inability of a multilaterally accepted AB to […]
By Christina Duran In a March 2023 synthetic report, the Intergovernmental Panel on Climate Change (IPCC) emphasized that Central and South America face adverse impacts from increased climate damage “without rapid, deep and sustained mitigation and accelerated adaptation action,” which will disproportionately affect the most vulnerable populations. The need for greater climate change mitigation is […]
A clean energy transition and achievement of the UN 20230 Sustainable Development Goals (SDGs) in developing countries requires staggering amounts of resources that are currently beyond the capacity of domestic fiscal space available. The international community has found it very challenging to meet the commitments on international resource transfers, whether it is the 0.7 percent […]