Kevin Gallagher, Professor of Global Development and Director of the Global Development Policy Center at Boston University’s Frederick S. Pardee School of Global Studies, was interviewed by The China-Global South Podcast on restructuring debt repayment plans for the Global South. Gallagher opened his portion with comments on his attendance and participation at the most recent Global…
Kevin Gallagher, Professor of Global Development and Director of the Global Development Policy Center at Boston University’s Frederick S. Pardee School of Global Studies, was interviewed by E&E News on the upcoming meeting between the World Bank and the International Monetary Fund. The article, “IMF, World Bank Meet as Calls for Reform Grow Louder,” discusses the meeting between the…
Kevin Gallagher, Professor of Global Development and Director of the Global Development Policy Center at Boston University’s Frederick S. Pardee School of Global Studies, was quoted in The New York Times on restructuring debt repayment plans for the Global South. In the article, titled “How to Avoid Another Global Debt Crisis,” Gallagher comments on debt relief and…
In an interview with Reuters, Kevin Gallagher, Professor of Global Development Policy at Boston University’s Frederick S. Pardee School of Global Studies and Director of the Global Development Policy Center (GDP Center), discussed the need for debt write-offs for countries that are most vulnerable to actions of climate change. The article, titled “Up to $520bln in Debt Write-offs Needed for Emerging Nations’ Climate…
Professor Gallagher discusses the negative impact of IMF delays, how it can impact their ability to secure additional funding sources, as well as the emergence of China as an emerging market lender
No new state-to-state loans have been issued from China to Latin America over the past two years. Ambassador Heine offers his thoughts on why China’s strategy has shifted.
In their remarks, Gallagher and Kozul-Wright outline the motivation and purpose of the new book – “The Case for a New Bretton Woods” – which is to call for a global discussion to realign global economic institutions for our collective climate, social and development goals.
China has been burned on FDI in Latin America, but Ambassador Heine argues that a reason for China’s reoriented lending strategy in the region could be that the country is going to concentrate more on development and internal investment in the coming years.
Professor Gallagher and Cecilia Han Springer talk about new findings from the GDP Center’s “China’s Global Energy Finance Database,” and outline China’s declining energy sector loans and what that means for future development financing and global green energy investments.
Argentine President Alberto Fernández’s visit to China raises a number of concerns in the U.S., and as Ambassador Heine points out, it will likely impact the country’s ongoing debt negotiations with the IMF.
Co-authored by the GDP Center, the Heinrich Böll Foundation and the Centre for Sustainable Finance at SOAS, University of London, the report proposes an ambitious blueprint for designing debt relief to secure green, resilient and inclusive development.
“A debt crisis is unfolding…It is time for the G20 to take another step forward on debt relief toward a green and inclusive recovery.”
“The world needs to be able to make sure that we’re not burning away our natural assets to get out of this crisis.”
The GDP Center’s new research assesses which countries are suitable for debt-for-climate and/or debt-for-nature swaps with China based on significant exposure to both Chinese debt and threats to climate/biodiversity.
Prof. Gallagher explains “debt-for-climate swap” whereby debt relief is linked to investments in climate conscious projects.
Scholars from the Pardee School’s GDPC discuss China’s roll in Latin America’s looming debt crisis.
Professor Kevin Gallagher co-signed a recent commentary on Argentina’s debt, which argues that the debt relief will help combat the pandemic and set global economy on a sustainable path.
The Beyond the Headlines, or BtH, series continued with a discussion on the destruction in Puerto Rico caused by Hurricanes Irma and Maria.