To mark the tenth anniversary of China’s historic Belt and Road Initiative (BRI), the third Belt and Road Forum for International Cooperation (BRF) will be held in Beijing in mid-October, with several international leaders scheduled to attend. The BRI is an ambitious global infrastructure platform to expand connectivity, economic integration, growth and cooperation across the […]
By Lucas Engel On Thursday, September 21, the Boston University Global Development Policy Center hosted a webinar to introduce a new update to the Chinese Loans to Africa (CLA) Database and discuss past and current trends in Chinese lending to the continent. Oyintarelado Moses, Data Analyst and Database Manager at the GDP Center presented and […]
As the sovereign debt crisis in the Global South continues to unfold, the lack of involvement of multilateral development banks (MDBs) in debt relief efforts has become a contentious issue among major creditors. Although the Group of 20 (G20) has explicitly called for MDBs to develop options to share the burden of debt relief efforts, […]
In September 2021, at the 76th United Nations General Assembly, Chinese leader Xi Jinping announced that China will step up support for other developing countries in developing green and low-carbon energy and will not build new coal-fired power projects abroad. Since then, renewable energy has become a key area in promoting the green development of […]
By 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 world leaders as pressure for action on climate, the looming debt crisis, international architecture reform and capital resource mobilization – to name just a few key issues – mounts. […]
Due to multiple external shocks since the outbreak of the COVID-19 pandemic, sub-Saharan Africa (SSA) is facing acute debt distress and new highs in the cost of foreign capital. Concomitantly, the region needs to mobilize a stepwise level of financing to meet shared climate and development goals, under the Paris Agreement climate targets and the […]
Amid 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 and avoid catastrophic costs, policymakers are in Paris this week to discuss the international financial architecture and how to efficiently mobilize sufficient resources for a green transition. Multilateral development banks […]
As the need for substantive climate action and poverty alleviation becomes more urgent amid global crises, both developing and developed countries cannot fulfill the mechanisms designed to ease these issues. Meeting the United Nations 2030 Sustainable Development Goals (SDGs) and climate action are necessary to ensure green transitions and lift communities out of poverty, but […]
By Amanda Brown On Tuesday, May 2, 2023, the Debt Relief for a Green and Inclusive Recovery (DRGR) Project hosted the webinar launch of its new report, “Debt Relief for a Green and Inclusive Recovery: Guaranteeing Sustainable Development.” The DRGR Project is a collaboration between the Boston University Global Development Policy (GDP) Center, Heinrich-Böll-Stiftung and […]
The rise of China as the world’s largest official bilateral creditor has not come without debate. Within US policymaking circles in particular, concerns have been voiced of the impact of Chinese finance and whether China engages in ‘debt trap diplomacy,’ wherein finance is lent with the intent to seize a strategic public asset or gain […]