Development finance supports global public goods such as physical infrastructure, nurtures emerging industries such as renewable energy, and uses concessional finance to further policy goals such as economic diversification, public health, climate change mitigation and adaptation. While private actors play a crucial role in international financial markets, development finance can help determine the direction of the global economy and lay the groundwork for sustainable and inclusive economic growth. The Global Economic Governance Initiative’s program on Development Finance explores the roles of development finance institutions – including multilateral, regional and national development banks and export credit agencies – in facilitating economic stability, human well-being and environmental sustainability. 

Concomitantly, the Global China Initiative (GCI) produces extensive research examining the extent to which China’s development finance fosters a more stable, socially inclusive and environmentally sustainable world economy. Explore resources on Chinese development finance.

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