Two databases developed at the Global Development Policy (GDP) Center were prominently featured by the New York Times as part of an interactive story on China’s vision for a global network of trade, investment and infrastructure: The China Global Energy Finance Database The China-Latin America Finance Database The article, entitled “China Rules: How China Became a Superpower,” was published by the New […]
The role of development finance institutions (DFIs) in low-income and emerging countries is fundamental to providing long-term capital for investments in climate mitigation and adaptation. There is growing awareness among DFIs of the need to factor climate change into the financial risk assessment of their portfolios and the importance of assessing the opportunities generated by […]
Over the past 15 years, China has become one of the largest investors in the world, with Chinese companies, commercial banks and policy banks making major inroads in every region of the globe. China also launched the Belt and Road Initiative (BRI) in 2013 with the goal of catalyzing trillions of dollars of investments into […]
Since the Chinese government proposed the Belt and Road Initiative (BRI) in 2013, Chinese investments have been rapidly increasing in BRI countries. The Chinese government’s $113 billion pledge in special funds for investments in 2013 suggests this trend will likely continue. The investment choices that Chinese financial institutions make surrounding power, transportation and other long-lasting […]
According to the World Bank, Myanmar is now one of the fastest growing economies in Asia, with a projected GDP growth rate of 6.8 percent on average in the medium-term. Since the political liberalization initiated in 2011, attracting foreign direct investment (FDI) has become an important national strategy for promoting economic development. Though China is […]
Latin America and the Caribbean (LAC) faces a $110 billion annual gap in financing for climate change. Development finance institutions (DFIs) have a unique role to play in closing this financing gap through correcting key market and government failures and by crowding in private sector economic activity. DFIs have also been asked to play an […]
China began investing in overseas power projects in 2003, with investments accelerating in the years since. After a steady growth period from 2003-2013, the past four years have witnessed a substantial increase in the volume of Chinese investment. In a new working paper, Kevin P. Gallagher, Zhongsu Li and Denise Mauzerall provide the first estimates of […]
In just over a decade Chinese policy banks have emerged as global leaders in development finance in general and in finance for energy projects in developing country governments in particular. According to the China’s Global Energy Finance Database, between 2000 and 2017, the China Development Bank (CDB) and China Export-Import Bank (CHEXIM) provided $225.75 billion in […]
Bangladesh is about to embark on a major transformation of its energy system. To meet the growing energy demand, the government plans to increase coal-fired power generation from 2 percent to 50 percent of the country’s total mix by 2041. Looking towards a development future with increased coal, what will be the socioeconomic, environmental and […]
By Gus Greenstein on August 1, 2018 Mongabay article reported on the interdisciplinary, multi-year project co-published by the GDP Center & the Center for China and Asia-Pacific Studies at Universidad del Pacífico on development finance institutions (DFIs) in the Andean Amazon. Chinese / Western financing of roads, dams led to major Andes Amazon deforestation