By Yan Wang and Yinyin Xu Energy poverty remains a persistent and widespread development challenge across Africa, where more than 600 million people, primarily in sub-Saharan regions, still lack reliable access to electricity. This situation accounts for over 80 percent of the global electricity access gap. Even though many African countries are rich in natural […]
In September 2021, Chinese leader Xi Jinping pledged that China would stop financing new overseas coal-fired power plants and instead pledged to ramp up support for renewable energy projects. This announcement marked an important shift in China’s global energy policy, with potential to fill the glaring gaps in the financing necessary for the energy […]
By Chiara Mariotti and Richard Kozul-Wright 2025 will be a pivotal year for development and climate cooperation, with financial matters coming to the fore at a range of key policy events, from the upcoming Finance in Common Summit taking place at the end of February in Cape Town to the 30th United Nations Climate Change […]
By Thang Ha On November 14, 2024, the Boston University Global Development Policy (GDP) Center hosted a webinar on the latest data and trends in China’s overseas energy finance, based on the new update to China Global Energy Finance (CGEF) Database. The webinar was moderated by Rebecca Ray, Senior Academic Researcher with the Global China Initiative […]
By Diego Morro From 2000-2023, China’s development finance institutions (DFIs), the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM), and other Chinese commercial lenders provided approximately $182.3 billion in development finance to Africa, an amount comparable to the $209.5 billion committed to Africa by the World Bank from 2000-2022. The Boston University […]
A new update to the China’s Global Energy Finance (CGEF) Database, managed by the Boston University Global Development Policy Center, estimates that from 2000-2023, China’s two development finance institutions (DFIs)—the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM)—provided 367 loans, totaling $209 billion to 118 public borrowers in 68 countries for energy […]
By Angie Ye On Wednesday, September 4, the Boston University Global Development Policy Center (GDP Center) hosted a webinar discussion on the latest data and insights from the Chinese Loans to Africa (CLA) Database. Moderated by Rebecca Ray, Senior Academic Researcher with the Global China Initiative (GCI), the webinar featured a presentation by Lucas Engel, […]
Between 2008-2019, Latin American (LAC) countries borrowed $132 billion from Chinese development finance institutions (DFIs) and $155 billion from the World Bank. Over 20 LAC countries have become signatories of China’s Belt and Road Initiative since its inception. Additionally, LAC was the first region that United States officials visited to promote the US’s own infrastructure […]
Over the last two decades, Chinese banks and state-owned enterprises (SOEs) have provided loans and technology for a large number of coal-fired power plants abroad. With estimated emissions of 245 Mt carbon dioxide annually and a median age of seven years, this overseas coal fleet is increasingly incompatible with host countries’ and global climate goals. […]
The Chinese Loans to Latin America and the Caribbean (CLLAC) Database, jointly managed by the Inter-American Dialogue and the Boston University Global Development Policy Center, recorded two new Chinese overseas finance commitments in 2023 worth a combined $1.3 billion. Both loans were made to Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) by the […]