In December 2023, the International Monetary Fund (IMF) is scheduled to conclude its 16th General Review of Quotas, a process required by the IMF’s Articles of Agreement. The IMF’s quota system is vital because it determines the financial contribution of member countries, the distribution of voting power at the Fund and access to financing mechanisms […]
By Mira Kelly-Fair The Central American country of Belize is experiencing rapid development due to an increase in tourists, expatriates and immigrants entering the country. As part of the 2023 Summer in the Field Fellowship Program, I was able to explore how this rapid development varies across the country and how different communities are reacting […]
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) […]
Applications are closed for the 2026/2027 Global Economic Governance Fellows Program. The Global Economic Governance Initiative (GEGI) was founded in 2008 to advance policy-oriented research on international financial, trade, and development institutions created in the aftermath of World War II that continue to play a leading role in global economic governance. Within GEGI, research is conducted […]
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 […]
The Boston University Global Development Policy Center’s (GDP Center) mission is to advance policy-oriented research for financial stability, human well-being and environmental sustainability. The GDP Center is a University-wide research center in partnership with the Frederick S. Pardee School for Global Studies and the Office of Research at Boston University. The ambition of the GDP […]
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 […]
By Brook Baker and Rachel Thrasher COVID-19 exploded on a global stage dominated by an international legal and policy regime that instantiates closed science, intellectual property (IP) monopolies and privatized control over the testing, supply, price and distribution of life-saving health technologies. As a result, there were avoidable delays in biopharmaceutical preparedness, ill-adapted technologies that […]
In the United States, the long-time disparity in men’s and women’s average earnings extends across skill levels. To explain why the gender pay gap persists between men and women with similar educational backgrounds and skills, researchers have documented robust differences in risk preferences and overconfidence between men and women, with women exhibiting a greater degree […]
According to the International Monetary Fund (IMF), Latin America and the Caribbean (LAC) is experiencing continued low economic growth projections amid a stalling COVID-19 recovery, rampant inflation and the knock-on effects of Russia’s war in Ukraine. Amid this challenging economic time for LAC, what are the latest developments on trade, investment, development finance, debt and […]