According to the International Monetary Fund (IMF), Latin America and the Caribbean (LAC) is experiencing continued low economic growth projections amid a stalling COVID-19 recovery, rampant inflation and the knock-on effects of Russia’s war in Ukraine. Amid this challenging economic time for LAC, what are the latest developments on trade, investment, development finance, debt and […]
By Luma Ramos and Rebecca Ray The Intergovernmental Panel on Climate Change declared that the world stands at a ‘now or never’ moment. In this decade, nations must make the necessary investments to prevent global warming from surpassing 1.5 degrees Celsius. Without those investments, the world will suffer severe consequences, including devastating human, ecological and […]
The China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM), China’s two most active development finance institutions (DFIs), have historically accounted for the bulk of China’s overall lending to the Latin America and the Caribbean (LAC) region, though lending has declined significantly in recent years. Between 2015-2020, the LAC region saw a precipitous […]
By Hua-Ke (Kate) Chi On Thursday, January 26, the Boston University Global Development Policy (GDP) Center hosted a webinar discussion for the 2023 update of the China’s Overseas Development Finance (CODF) Database, a global, harmonized, validated and geolocated database recording loan commitments from two major development finance institutions (DFIs) in China, the China Development Bank […]
By Christina Duran From post-pandemic industrialization to COVID-19 and southern African sovereign debt, researchers from around the world explored a variety of topics as part of the Fall 2022 Global China Initiative Research Colloquium over the past four months. The webinar series kicked off in September 2022, with a discussion led by Dr. Justin Yifu […]
As 2022 comes to a close and the world confronts the “polycrisis,” researchers from the Boston University Global Development Policy Center highlight where progress has been made, where policy movement has stagnated and what to keep an eye on for 2023. Below, read key takeaways on the green energy revolution, sovereign debt, Chinese loans to […]
By Rebecca Ray From 2020-2022, China has presided over the Council of the Parties of the Convention on Biological Diversity (CBD COP). Their leadership has included the establishment of the Kunming Biodiversity Fund and the consideration of the Post-2020 Global Biodiversity Framework. Concomitantly, researchers at the Boston University Global Development Policy Center have been tracking […]
In 2009, the International Monetary Fund (IMF) approved reforms to make short-term operations available to low-income countries and reform lending to higher-income countries. Many scholars have noted that the 2008 Global Financial Crisis appeared to loosen austerity measures in favor of more counter-cyclical approaches. However, it remains an open question whether the IMF followed through […]
By Yudong (Nathan) Liu On Tuesday, October 11, 2022, the Boston University Global Development Policy (GDP) Center hosted a webinar discussion with Paulo Esteves, Coordinator of the Socio-Environmental Platform and the Global South Unit for Mediation at the BRICS Policy Center of the Pontifícia Universidade Católica do Rio de Janeiro and Rebecca Ray, Senior Academic […]
By Christina Duran In September 2022, Argentina applied for membership in the BRICS group of nations (named for its original five members of Brazil, Russia, India, China, and South Africa). It will become the third Latin American member, after Brazil and Uruguay, which joined in 2021. This news comes as Latin American and Caribbean countries […]