By Samantha Igo Within 24 hours in late October, Hurricane Otis, in defiance of forecasting models, increased windspeed by 115 mph and made landfall in Acapulco, Mexico as a Category 5 hurricane. In addition to the devastating loss of life, insurance analysts have estimated “insurable” losses in Acapulco and the surrounding area to be as […]
By Sayuri Kataoka The Boston University Global Development Policy (GDP) Center is pleased to present the 2023-2024 cohort of Global Economic Governance Fellows. These four excellent scholars join the GDP Center from various backgrounds and universities, including Stony Brook University, American University and Syracuse University. They have or will be completing doctoral degrees in disciplines […]
By Nabil Haque On Wednesday October 4, 2023, the Boston University Global Development Policy (GDP) Center hosted a webinar discussion ahead of the 2023 International Monetary Fund/World Bank Group Annual Meetings on reforming and strengthening multilateral development banks (MDBs) to meet shared climate and development goals. The webinar was moderated by Kevin P. Gallagher, Director […]
Euro area central banks are reporting losses as they pay banks 4 percent but collect only 1 percent on trillions of euros of bonds bought to spur growth with lower yields. Once central banks exhaust their capital, they may need to go to their governments. Recently, the European Central Bank (ECB) ceased to pay interest […]
Editor’s Note: Below is an excerpt of input submitted by Kyla Tienhaara, Rachel Thrasher and Kevin P. Gallagher to the Office of the High Commissioner of Human Rights (OHCHR) at the United Nations in June 2023 to inform the OHCHR’s report on “Investor-State Dispute Settlement (ISDS) mechanisms and the right to a clean, healthy and […]
By Rishikesh Ram Bhandary This is a critical policy moment just weeks ahead of the 28th United Nations Climate Change Conference (COP28) in Dubai where the first-ever assessment of how countries are meeting their climate pledges under the Paris Agreement – the Global Stocktake (GST) – will conclude. This review process will provide countries vital […]
By Tim Hirschel-Burns From October 9-15, thousands of finance ministry representatives, policymakers, researchers and academics, civil society advocates, press and other stakeholders convened in Marrakech, Morocco for the 2023 International Monetary Fund (IMF)/World Bank Group Annual Meetings. These meetings, the first time an African member state has hosted them in 50 years, came at a […]
Countries will need to mobilize a stepwise increase in domestic resources and put in place a broad array of new policies in order to meet the targets set out under the Paris Agreement on climate change and the United Nations 2030 Sustainable Development Goals (SDGs). Delivering economic growth and prosperity in a manner that is […]
By Praveena Bandara On September 26, 2023, the Boston University Global Development Policy (GDP) Center hosted Margarita Fajardo, Professor of History at Sarah Lawrence College, to discuss her new book ‘The World That Latin America Created: The United Nations Economic Commission for Latin America in the Development Era.’ In the book, Fajardo draws on various […]
By Rachel Thrasher On October 5, 2023, the Boston University Global Development Policy (GDP) Center hosted Jerome Roos, Fellow in International Political Economy at the London School of Economics & Political Science, to discuss the main ideas of his book, “Why Not Default? The Political Economy of Sovereign Debt.” The event, which was the third […]