A debt crisis is emerging in the Global South at the precise moment when substantial investment is needed to meet shared climate and development goals. Yet, the G20 Common Framework has been unable to engage all creditor classes or link debt relief to climate and development. How can emerging market and developing economies (EMDEs) find […]
China is not alone in directing public financing to new coal-fired power across the globe. Yet, China’s development finance institutions have played a significant role in commissioning and financing over 39GW of currently operating overseas coal power plants, largely in South and Southeast Asia within the past two decades. If these plants are assumed to […]
Tuberculosis (TB) prevalence varies geographically in South Africa, but the drivers of this spatial heterogeneity are poorly understood. Like many infectious diseases, internal migration of infected people may contribute to the spread of TB and emergence of new hotspots via TB introduction and increased encounters between infectious and susceptible individuals. Cross-border migration has been shown […]
Reform of the international financial system is in the air, with support from both developing countries, as well as the advanced economies that wrote the rules in the first place. Tasked by US Secretary of the Treasury Janet Yellen, the World Bank has begun advancing an ‘evolution roadmap’ that reconsiders the mission, operations and financing […]
As the international institution charged with maintaining global financial and monetary stability, the International Monetary Fund (IMF) has a vital role to play in ushering in a green transition that is as swift as it is just. What actions has the IMF taken since the release of its Climate Change Strategy in August 2021 to […]
In the eighth edition of Manias, Panics, and Crashes: A History of Financial Crises, Robert McCauley joins Robert Aliber to build on Charles P. Kindleberger’s renowned work. Since 1978, Manias, Panics and Crashes has tracked various financial crises through time, from ‘Tulipmania’ in the 17th century to the more recent global financial crisis. The book, a hallmark […]
Much has been written about the questionable legitimacy of extending credit to states where it is likely that the funds will benefit the corrupt leader, or where the terms of the debt are highly inequitable. Less literature focuses on a different moment in the debt cycle: the point of default and the loss of voice […]
The China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM), China’s two most active development finance institutions (DFIs), have historically accounted for the bulk of China’s overall lending to the Latin America and the Caribbean (LAC) region, though lending has declined significantly in recent years. Between 2015-2020, the LAC region saw a precipitous […]
By Christina Duran The Latin American Studies Association, the premier international association of scholars of Latin America and the Latin American diaspora, has recently announced that Susan Eckstein, Professor of Sociology and of International Relations at Boston University’s Frederick S. Pardee School of Global Studies, will be awarded the Association’s Kalman Silvert Award for distinguished […]
By Leslie Elliott Armijo A global power rebalancing is in process, and Latin America now has the option of playing a larger role in global politics than ever before. In a new journal article in Global Perspectives, I argue that shifts in global power are increasing the value of independent regionalism, particularly within Latin America. […]