In the new book “Development Banks and Sustainability in the Andean Amazon,” authors Rebecca Ray, Kevin P. Gallagher, and Cynthia A. Sanborn explore what development banks, governments, and communities have learned in the last decade of careful negotiation between social and environmental protections in the Andean Amazon, and the pressures of surging infrastructure and the boom […]
By Xinyue Ma & Jake Werner The current debt sustainability framework and indicators employed by international financial institutions may be concealing as much as they reveal. The core of today’s World Bank–International Monetary Fund (IMF) debt sustainability framework is a set of debt ratio thresholds associated with the quality of a country’s policies and institutions, […]
By Katie Gallogly-Swan On Friday, December 11, the Global Development Policy (GDP) Center co-hosted a webinar with the South Centre on ‘Guaranteeing Access to Medicines: Reforming Trade and Investment Treaties in the COVID-19 Era,’ featuring Carlos Correa, Executive Director of the South Centre; Mustaqeem de Gama, Counsellor at the South Africa World Trade Organization (WTO) […]
By Kevin P. Gallagher & Rebecca Ray With the release of the new interactive China’s Overseas Development Finance (CODF) Database this past week, a number of analyses and takes have been offered on the data. In this post, we make three clarifying points on the scope and findings of our data: 1. What does it […]
By Maureen Heydt On Thursday, December 10, the Global Development Policy (GDP)Center hosted a webinar launch event for the new interactive China’s Overseas Development Finance (CODF) Database, featuring GDP Center Director Kevin P. Gallagher, Senior Academic Researcher Rebecca Ray, and Post-Doctoral Research Fellow, Blake Alexander Simmons. The CODF Database is the first global, harmonized, validated, and geolocated […]
Chinese policy banks provided close to half a trillion dollars in development finance to foreign governments from 2008—2019. This new interactive database allows users to examine the geolocation of China’s overseas development projects and to explore their proximity to indigenous people’s lands, critical habitats, and national protected areas. The interactive China’s Overseas Development Finance Database […]
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 […]