DEVELOPMENT FINANCE
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.
Research Highlights
Latest News & Publications
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GDP Center Round-Up: G20 India Leaders’ Summit
September 07, 2023By 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... [ More ]
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Sustainable Future Bonds: Boosting MDB Lending and Improving the Global Reserve System
June 19, 2023Amid warnings from the Intergovernmental Panel on Climate Change that it is “now or never” to make the investments necessary to limit warming to 1.5°C... [ More ]
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Reviving the International Financial Transactions Tax Agenda for the G20
June 13, 2023As the need for substantive climate action and poverty alleviation becomes more urgent amid global crises, both developing and developed countries cannot fulfill the mechanisms... [ More ]
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Finance and Global Economic Governance for Green Transformation
May 25, 2023A clean energy transition and achievement of the UN 20230 Sustainable Development Goals (SDGs) in developing countries requires staggering amounts of resources that are currently... [ More ]
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The Role of the G7 in Strengthening the Global Landscape of Climate Finance for Adaptation and Loss and Damage
April 26, 2023The year 2023 offers political momentum for strengthening the global climate finance architecture under and outside the United Nations climate change regime. In November 2022, [ More ]
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Webinar Summary – The 2023 Paul Streeten Distinguished Lecture in Global Development Policy: The Blurred Contours of a New International Economic Order
April 11, 2023By Timon Forster On March 29, 2023, the Boston University Global Development Policy Center, the Institute for Economic Development and the Department of Economics hosted its... [ More ]