As the world comes to grips with the devastating economic and public health consequences of COVID-19, Southern-led alternative institutions for finance and development have taken on more importance than ever. The new book, “South-South Regional Financial Arrangements: Collaboration Towards Resilience,” from William N. Kring and Kevin P. Gallagher, in partnership with Diana Barrowclough and Richard […]
The COVID-19 pandemic has induced new financial strains for emerging market economies (EMEs) and low-income developing countries (LDCs). As a remedy to these strains, the International Monetary Fund (IMF) allocated $650 billion in Special Drawing Rights (SDRs) in August 2021. Since then, recent IMF communications give evidence of the ongoing attempt to revamp SDRs into […]
Editor’s Note: The following is a testimony delivered by Dr. Cecilia Han Springer to the US-China Economic and Security Review Commission hearing on ‘China’s Energy Plans and Practices’ on March 17, 2022. To Chairs Glas and Friedberg, to the Commission, good afternoon. My name is Cecilia Springer. I am the Assistant Director of the Global China Initiative at the […]
By Maureen Heydt On Wednesday, March 23, the Boston University Global Development Policy Center, the Institute for Economic Development and the Department of Economics will host the third Paul Streeten Distinguished Lecture in Global Development Policy. The 2022 Distinguished Speaker is Dani Rodrik, renowned economist and Ford Foundation Professor of International Political Economy at the John […]
Wildlife conservation and management (WCM) practices have been historically drawn from a wide variety of academic fields, yet practitioners have been slow to engage with emerging conversations about animals as complex beings, whose individuality and sociality influence their relationships with humans. In a new journal article published in Conservation Biology, Émilie Edelblutte, Roopa Krithivasan and […]
The onset of the COVID-19 pandemic triggered a sudden reversal in global capital flows, compounding the fallout from the pandemic for emerging market and developing economies. Between mid-January and mid-March 2020 alone, the Organization for Economic Co-operation and Development (OECD) estimated outflows from these countries at $103 billion. The consequences of such sudden stops or […]
By Cecilia Han Springer The 2022 update to the China’s Global Energy Finance (CGEF) Database, managed by the Boston University Global Development Policy Center, recorded no new energy development finance commitments from China to foreign governments in 2021 through its two most active policy banks, the China Development Bank (CDB) and the Export-Import Bank of […]
By Oyintarelado (Tarela) Moses On March 1, 2022, the Boston University Global Development Policy (GDP) Center joined a webinar hosted by the Word Resources Institute (WRI) to launch the China Overseas Finance Inventory (COFI) Database. WRI created the database in collaboration with the GDP Center, the China Africa Research Initiative at the Johns Hopkins University […]
China’s leadership is increasingly aware of the importance of environmental sustainability as a key factor in the success of the Belt and Road Initiative (BRI), an initiative first raised publicly by Chinese leader Xi Jinping in 2013 for intercontinental development and economic cooperation. The BRI puts transportation and energy infrastructure among its top priority areas, […]
Combating climate change requires coordinated global efforts, yet much of the current climate policymaking is led by developed countries. A case in point is the European Union (EU)’s ambitious climate change mitigation package. To prevent carbon leakage, the EU adopted a resolution in 2021 to implement a Carbon Border Adjustment Mechanism (CBAM) as a part […]