Driven by geopolitics and the threat of climate change, industrial policy has reclaimed center stage in the comparative political economy of national economies, irrespective of their level of per capita income. However, this turn has been criticized for primarily enticing private capital into serving public agendas in ways that reduce the state to a “derisking” […]
The current international financial architecture is misaligned with the United Nations 2030 Sustainable Development Goals and the Paris Agreement. External financing flows to emerging market and developing economies, excluding China, need to increase by at least $1 trillion annually by 2030, but the highest level in the past decade was roughly one-third of what is […]
In the 2024 United Nations Pact for the Future, global leaders committed to scaling up and reforming international financial institutions to make them fit to meet the global challenges of the 21st century. Moving forward, there are two vital opportunities for the global community to revive global efforts to address these urgent challenges: the Fourth […]
By Naomi Frim-Abrams On February 26, 2025, the Spring 2025 Human Capital Initiative (HCI) Seminar Series at the Boston University Global Development Policy Center hosted Kristopher Velasco, Assistant Professor of Sociology at Princeton University, to share his work “Queering Repression: How the Global Crackdown on Civil Society Affects LGBT+ NGO Foundings.” Velasco’s research explores how […]
By Tim Hirschel-Burns Financing for Development Conferences – the chief event in the United Nations (UN) system on mobilizing the resources needed to achieve development – don’t come around very often: a decade ago in Addis Ababa, negotiators produced the Addis Ababa Action Agenda, which offered a comprehensive framework to guide development policymaking over the […]
There is a growing concern about the potential impacts of climate change on financial stability but little quantitative evidence is available on the potential magnitude of financial risks induced by climate extremes. An accurate assessment of climate physical risk is fundamental for global financial risk management. In a new journal article published in Nature Climate […]
Demand for energy transition minerals (TMs) is set to expand many-fold as global investors and nations embrace the ongoing global energy transition. The task of establishing sustainable and inclusive production methods for these supply chains is an urgent one for source countries – most of which are developing countries located in Latin America and the […]
By Julia Radomski and Rebecca Ray As the global economy shifts toward a greener future, the role of public development finance institutions (PDFIs) and export credit agencies (ECAs) in financing transition minerals (TMs) — which are vital for the green energy transition — is increasingly salient. Demand for TMs is set to expand many-fold as […]
By Hua Chai and Yan Wang In recent years, the traditional focus on public debt as the cornerstone of fiscal policy has come under scrutiny. Many countries anchor their fiscal policy on the level of public debt, either implicitly or explicitly through fiscal rules. However, the prolonged period of low interest rates in advanced economies […]
By Chiara Mariotti and Richard Kozul-Wright 2025 will be a pivotal year for development and climate cooperation, with financial matters coming to the fore at a range of key policy events, from the upcoming Finance in Common Summit taking place at the end of February in Cape Town to the 30th United Nations Climate Change […]