By Manuel Cruz On Thursday, September 14, the Boston University Global Development Policy Center hosted Jorge Heine, Research Professor, Frederick S. Pardee School of Global Studies and Jorge Castañeda, Former Foreign Affairs Minister of Mexico, to present the main ideas of their book, “Latin American Foreign Policies in the New World Order: The Active Non-Alignment […]
By Marina Zucker-Marques With the worsening debt situation in developing countries, the ongoing debt relief negotiations within the Group of 20 (G20) Common Framework have been disappointing. Among many issues delaying debt negotiations (like domestic debt restructuring, sharing information on debt sustainability analysis and debt carrying capacity), the question of whether multilateral development banks (MDBs) […]
As the sovereign debt crisis in the Global South continues to unfold, the lack of involvement of multilateral development banks (MDBs) in debt relief efforts has become a contentious issue among major creditors. Although the Group of 20 (G20) has explicitly called for MDBs to develop options to share the burden of debt relief efforts, […]
Given the environmental and economic impacts of climate change, especially for developing countries, global institutions and national governments have begun to respond to the challenge with climate finance and policy. Despite these efforts, a significant financing and policy gap remains between the status quo and achieving shared climate goals – a gap that is further […]
By Claire Paul On September 9-10, the Group of 20 (G20) will meet in New Delhi, India for its Leaders’ Summit – a critical moment for world leaders as pressure for action on climate, the looming debt crisis, international architecture reform and capital resource mobilization – to name just a few key issues – mounts. […]
By Claire Paul Following the hottest summer on record, policymakers, representatives from international financial institutions, researchers and civil society will gather for two key global summits from September 4-6: the Africa Climate Summit (ACS) hosted in Nairobi, Kenya, and the Finance in Common Summit (FiCS) hosted in Cartagena, Colombia. The FiCS seeks to reinforce commitments in […]
Due to multiple external shocks since the outbreak of the COVID-19 pandemic, sub-Saharan Africa (SSA) is facing acute debt distress and new highs in the cost of foreign capital. Concomitantly, the region needs to mobilize a stepwise level of financing to meet shared climate and development goals, under the Paris Agreement climate targets and the […]
As Group of 20 (G20) members have committed to transition to low-carbon economies, they need to adopt a carefully coordinated approach to ensure an orderly transition that considers the potential cross-border spillover risks of domestic transitions. A new Think20 (T20) policy brief by Rishikesh Ram Bhandary, Régis Gourdel, Xiaobei He, Lara Merling and Irene Monasterolo […]
Many low- and middle-income countries are struggling with deteriorating debt sustainability and external shocks, including the economic repercussions of the COVID-19 pandemic, Russia’s war in Ukraine and the tightening of monetary policy in advanced economies. Amid these developments, it is crucial to explore whether the world – and its most vulnerable countries – is well […]
By Leslie Elliott Armijo and Prateek Sood Global concern over the recent acrimonious debate surrounding raising the United States’ debt ceiling – and the tenuous relief following a long awaited agreement – illustrates the US dollar’s centrality in the national and world economies. While there would be an enormous cost to the reputation and leadership […]