Gallagher in Tico Times: China Outpaces US in Latin America
Kevin Gallagher, Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies at Boston University, said while Western development banks have been on the retreat in Latin America, their Chinese counterparts have double their efforts.
Gallagher was quoted in a Feb. 25 article on The Tico Times entitled “China Overtakes West in Development Funding to Latin America.”
From the text of the article:
“While Western development banks have been on the retreat, Chinese banks have doubled down,” said Kevin P. Gallagher, co-director of Boston University’s Global Economic Governance Initiative (GEGI).
Gallagher, speaking at a Feb. 11 conference organized by the Washington-based Inter-American Dialogue, said that in 2015, World Bank lending to the region fell 5 percent to $8 billion, while IDB lending dropped by 14 percent to $11.5 billion.
“The U.S. Ex-Im Bank, which the region usually relies on for $2-3 billion a year, was dormant and controversial, and absent from the scene,” said Gallagher, who runs GEGI with his Chinese colleague, Fei Yuan.
Kevin Gallagher is the co-chair of the Task Force on Regulating Capital Flows and has served as an advisor to the Department of State and the Environmental Protection Agency in the United States, as well as to the United Nations Conference on Trade and Development. Gallagher has been a visiting or adjunct professor at the School for Advanced International Studies at Johns Hopkins University, the Fletcher School of Law and Diplomacy; El Colegio de Mexico in Mexico; Tsinghua University in China, and the Center for State and Society in Argentina.