On Monday, March 28, 2022, China’s National Development and Reform Commission issued new guidelines on greening the Belt and Road Initiative (BRI), the ambitious multi-billion-dollar international push to better connect China to the rest of the world through trade and infrastructure. Through this venture, China is providing over 100 countries with funding they have long […]
By Zara C. Albright In 2021, for the second year in a row, China and Latin America and the Caribbean (LAC) agreed to no new official financing commitments from the China Development Bank (CDB) or the Export-Import Bank of China (CHEXIM). Rather, the China-Latin America and the Caribbean Economic Bulletin, 2022 edition, published by the […]
In 2021, Latin America and the Caribbean (LAC) continued to face challenges stemming from the COVID-19 pandemic and resulting economic strains. After a 7 percent contraction in 2020, the region’s GDP growth rebounded to 6.2 percent in 2021, according to a recent projection from the Economic Commission for Latin America and the Caribbean. This was […]
As the world comes to grips with the devastating economic and public health consequences of COVID-19, Southern-led alternative institutions for finance and development have taken on more importance than ever. The new book, “South-South Regional Financial Arrangements: Collaboration Towards Resilience,” from William N. Kring and Kevin P. Gallagher, in partnership with Diana Barrowclough and Richard […]
China’s leadership is increasingly aware of the importance of environmental sustainability as a key factor in the success of the Belt and Road Initiative (BRI), an initiative first raised publicly by Chinese leader Xi Jinping in 2013 for intercontinental development and economic cooperation. The BRI puts transportation and energy infrastructure among its top priority areas, […]
The 2022 update to the China’s Global Energy Finance Database, managed by the Boston University Global Development Policy Center, recorded no new energy development finance commitments in 2021 from China to foreign governments through its two most active policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM). This is the […]
By Özlem Ömer On Tuesday, March 1, the Boston University Global Development Policy (GDP) Center hosted a webinar to discuss its new report analyzing the policy responses to the COVID-19 pandemic and lessons for the global trade and investment regime, focusing on six countries— USA, Germany, France, China, India and South Africa. The discussion centered […]
In 2018, overseas energy financing by China’s two global policy banks—the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) —was at its lowest level since 2013. These two banks provided just $8.62 billion to foreign countries in financing for energy sector activity overseas in 2018, down 69 percent from the $28.04 billion […]
In 2019, overseas energy financing by China’s two policy banks with global operations —the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) —was at its lowest level since 2008. In 2019, China’s policy banks issued only three loans for energy projects totaling just $3.2 billion, down 71 percent from the $11.08 billion […]
By Rachel Thrasher In the wake of the 2008-09 Global Financial Crisis, there was a movement by the International Monetary Fund (IMF), Group of 20 (G20) and many in the academic community to investigate how certain policies could help stabilize the world economy. A critical focal point for this was capital flow management measures, or […]