By Yan Wang and Zheng Zhai Over the past two decades, China has become the largest bilateral provider of development finance. At the 2024 Forum on China-Africa Cooperation (FOCAC), China reaffirmed its commitment to further opening its vast financial market to African nations, encouraging them to issue panda bonds. Alongside this, it pledged $51 billion […]
By: Paula Torrez-Ortiz The Global Economic Governance Initiative (GEGI) within the Boston University Global Development Policy Center works to advance policy-relevant research on international financial, trade and development institutions that play a leading role in global economic governance. As part of this work, the GEGI research team has released four interactive research projects that serve […]
On Weds., Feb. 3, the Global Development Policy (GDP) Center hosted a webinar discussion and interactive demonstration of its latest research on opportunities debt-for-climate and debt-for-nature swaps with China. The research includes a journal article published in Science, a blog summary of the methodology and main findings, as well as an a new interactive tool […]
In a new journal article published in Science, research by Blake Alexander Simmons, Rebecca Ray, Hongbo Yang and Kevin P. Gallagher explores opportunities for China to alleviate debt burdens in exchange for debtor nation commitments to climate change mitigation and/or adaptation and environmental protection through “debt-for-climate” and “debt-for-nature” swaps. Many developing countries are experiencing mounting […]
By Blake Alexander Simmons and Rebecca Ray As developing countries emerge from the COVID-19 crisis, they will need to pivot rapidly to relaunch their economies. Given the severity of the current economic downturn, the world has an opportunity to pivot to greener and more inclusive forms of economic growth in the next business cycle. Standing […]