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. China has founded or co-founded two new multilateral development banks (MDBs) and at least 13 regional and bilateral funds that will increase Chinese development finance […]
In 2013, the Chinese government announced its plans to establish the Asian Infrastructure Investment Bank (AIIB) and to pursue a massive regional infrastructure plan initially called either the “New Silk Road” or the “One Belt, One Road” (OBOR), and now officially termed the Belt and Road Initiative (BRI). An extraordinary move by China, the BRI […]
By Kevin P. Gallagher (March 2016) The China Triangle (Kevin Gallagher) ChinaFile on Vimeo. Since 1980, China has evolved from a poor and mostly rural society into one of the largest economies in the world. As it grew into a major industrial power, it demanded enormous amounts of steel for new factories and cities, copper […]
Development banks have a unique role to play in Latin America and the Caribbean (LAC) and in emerging market and developing countries across the globe. Development banks seek to correct key market and government failures and crowd-in private sector economic activity into areas such as infrastructure and cleaner energy technologies, as well as into policy […]
Inter-American Dialogue, Washington DC Kevin Gallagher and Fei Yuan present GEGI’s new report “Greening Development Finance in the Americas” November 30, 2015