On November 12, 2020, members of the Global Development Policy Center’s Working Group on Trade Treaties and Access to Medicines called for World Trade Organization (WTO) TRIPS Council to adopt a waiver proposal that would remove barriers to adequate supply and affordable prices for life-saving COVID-19 health technologies: Dear Members of the TRIPS Council, We, […]
In a new working paper, the Director of the Global Development Policy Center, Kevin P. Gallagher, and Non-Resident Senior Research Fellow, Yan Wang discuss debt sustainability in the Southern Africa region and the role of China as a lending partner and lay out policy options for alleviating the debt burden. Countries within the Southern African […]
Ahead of the G20 summit in Riyadh, Saudi Arabia this week, our experts outline the top policy priorities of the moment. Below are recommendations related to trade agreements, bond purchases, IMF austerity, strengthening the global financial safety net, climate change, and more: G20 Needs to Reset Multilateralism As the COVID-19 pandemic rages into a second […]
In a new policy brief, Kevin P. Gallagher, Director of the Global Development Policy Center, and William N. Kring, Assistant Director, together with Haihong Gao, Ulrich Volz, and José Antonio Ocampo discuss the shortcomings of the current global financial safety net. After outlining the dysfunctions of the current financial system, the authors propose a set […]
In the wake of the global financial crisis of 2008-9, the research department and flagship reports of the International Monetary Fund (IMF) suggested tight fiscal consolidation was inappropriate for developing nations undergoing economic stress. In this new working paper, Dr. Rebecca Ray, Dr. Kevin P. Gallagher, and Dr. William Kring evaluate the extent to which […]
The past two decades have witnessed China’s rise as the world’s leading provider of official development finance (ODF) for energy. However, the overwhelming majority of the Chinese ODF has flown to fossil fuels projects, with solar and wind power representing 2.6 percent the total for electric power worldwide and 1.1 percent of the total for […]
The COVID-19 crisis has revealed many of inherent societal fragilities. As countries in Southern Africa recover from the crisis and mobilize to ensure resilience and sustainability are built into their economies, reinvigorating development finance to invest in renewable energy and energy access will be essential for the people and countries of the Southern African Development […]
A report launched today in a public webinar calls on the G20 to move beyond the Common Framework for Debt Treatments announced last week and require public and private creditors to provide a substantial debt cut to a broad set of low- and middle-income countries, in exchange for a commitment to use the fiscal space for […]
In a new report, the Global Development Policy Center outlines an ambitious new proposal for comprehensive debt relief that includes the private sector and middle-income countries, in an effort to jump start a green and inclusive recovery from COVID-19. The report, summarized below, is produced in partnership with the Heinrich Böll Stiftung and the Centre […]
In a new journal article published in Global Policy, Kevin P. Gallagher, William N, Kring, Haihong Gong, José Antonio Ocampo and Ulrich Volz explain how the protection of the Global Financial Safety Net (GFSN) – comprising the nations’ foreign reserves, central banks’ bilateral swap lines and financial resources of global financial institutions, particularly of the […]