While Asia continues to grow, South America remains stagnant. There are multiple reasons for this, but one major obstacle is the lack of investment in infrastructure. Development bank support for infrastructure investments in South America could unlock unlimited growth and development opportunities for the region, the benefits of which would far exceed the initial costs. […]
Since the late 1950s, the world has come to use the US dollar to an extent that justifies speaking of the dollar’s global domain. In a new journal article published in the Atlantic Economic Journal, Global Development Policy Center Non-Resident Senior Fellow Robert McCauley contends that the global role of the dollar remains large and suffers […]
By Kehan Wang During the COVID-19 pandemic, Latin America has suffered from one of the most acute economic downturns in the region’s history. More than ever, Latin American countries need help from the international community in the forms of liquidity, debt relief and more importantly for the long-term recovery, new development finance. On Tuesday, January […]
Sustainable, competitive and inclusive development trajectories for nations are crucial. However, there are uncertainties embedded in the emergence of green-related industries – in politics, technology, production and others. Amid this uncertainty, it is the mission of public institutions to foster and even shape markets. This is the case for development finance institutions (DFIs) supporting sustainable […]
In a new working paper, the Director of the Global Development Policy Center, Kevin P. Gallagher, and Non-Resident Senior Research Fellow, Yan Wang discuss debt sustainability in the Southern Africa region and the role of China as a lending partner and lay out policy options for alleviating the debt burden. Countries within the Southern African […]
In a new book published by the Asian Development Bank titled “Building the Future of Quality Infrastructure,” GDP Center Director Kevin P. Gallagher contributed two chapters on policy and institutional framework for delivering on sustainable infrastructure and on sustainable infrastructure to secure the natural capital of the Amazon. The book is published through a collaboration […]
Prudential Financial Regulators, Central Banks and Regulatory Authorities have increasingly come to recognize that they have a role to play in dealing with climate change, including climate disasters such as storms, tornadoes and tsunamis. Such events impact the economy by destroying physical assets, income opportunities, credit worthiness and the fiscal base. In turn, the financial […]
By Rebecca Ray Global Americans, December 5, 2019
A new book, “Development Banks and Sustainability in the Andean Amazon,” edited by Rebecca Ray, Kevin P. Gallagher and Cynthia A. Sanborn explores what development banks, governments and communities have learned in the last decade of careful negotiation between social and environmental protections in the Andean Amazon, and the pressures of a surging infrastructure and […]
The multilateral system is in crisis. After years of accentuating financial instability, inequality, and climate change, the system is now under attack on all fronts and may be pushed to the limit by the actions of the United States. In late 2018 and early 2019, the GDP Center partnered with the United Nations Conference on […]