Tag: kevin p. gallagher

GDP Center Roundup – IMF/World Bank Group Annual Meetings, 2023

By Sayuri Kataoka and Samantha Igo Policymakers are facing a critical inflection point: the window to act on climate change is rapidly closing, climate shocks and overwhelming debt service payments threaten to undo decades of progress and stymie future investments in emerging markets and developing economies (EMDEs), while, concomitantly, the existing international financial system is […]

Webinar Summary: Chinese Loans to Africa Database – Data Update

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 […]

Global Development Policy Center – Strategic Plan, 2023-2028

The Boston University Global Development Policy Center’s (GDP Center) mission is to advance policy-oriented research for financial stability, human well-being and environmental sustainability. The GDP Center is a University-wide research center in partnership with the Frederick S. Pardee School for Global Studies and the Office of Research at Boston University. The ambition of the GDP […]

Debt Distress and Climate-Resilient Development in Sub-Saharan Africa

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 […]

GDP Center Round-up: The Summit for a New Global Financing Pact

By Samantha Igo Amid warnings from the Intergovernmental Panel on Climate Change that it is “now or never” for climate action, policymakers meet in Paris this week on June 22-23 for the Summit for a New Global Financing Pact. With the $100 billion climate finance commitment by advanced economies long overdue, and current estimates suggesting […]

Sustainable Future Bonds: Boosting MDB Lending and Improving the Global Reserve System

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 […]

Reviving the International Financial Transactions Tax Agenda for the G20

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 […]

Scaling Up Climate Adaptation Finance in Times of Growing Public Debt, Inflation and Natural Disasters

In 2021, economic losses from natural catastrophes totaled $270 billion. Poor climate physical risk assessment limits adaptation finance, which is still lagging behind mitigation finance in emerging markets and developing economies (EMDEs), but also high-income countries. A new policy brief  published by the European Capital Markets Institute and authored by Irene Monasterolo, Kevin P. Gallagher, […]