Chinese foreign direct investment (FDI) has grown from a few million dollars in the 1990s to $2.5 trillion in 2015, spurring economic growth and reducing between-country inequality in the host countries and regions. This concentration of Chinese investments in states and sectors with low investment grades has led China to be caricatured as a “bad […]
The push for intraregional trade in Africa comes at a pivotal moment for the continent. Across the region, growth in gross domestic product remains very uneven. In large part, this sluggish growth is due to the lackluster performance of the three largest economies. But it is also due to increasing debt vulnerabilities across the continent, […]
African Union (AU) leaders will gather in Niger on 7 July for an Extraordinary Summit to discuss the African Continental Free Trade Area (AfCFTA). They will be meeting at a critical moment for the continent. Africa, which is experiencing uneven growth and rising debt sustainability problems and is facing an uncertain global environment, needs the […]
The Amazon stores 120 billion tons of carbon, supports rainfall systems that are critical for regional economies and provides habitat for one-third of the world’s species. Investments to secure the Amazon’s natural capital are an essential step to supporting sustainable infrastructure. Under traditional approaches to infrastructure development, the Amazon’s natural capital is at risk. In […]
By Rebecca Ray, Kevin P. Gallagher, and Cynthia Sanborn. Global China Initiative (2019).
A decade after the Global Financial Crisis, the world economy continues to be on fragile footing. While global growth is gradually recovering in many parts of the world, deep vulnerabilities remain in the global monetary and financial system at a period when support for multilateral institutions is very low in some countries. During these times, […]
By Kevin P. Gallagher, Leandro Serino, Danny Bradlow, and José Siaba Serrate. T20 task force on International Financial Architecture for Stability and Development, July 2018.
The international community needs to annually mobilize trillions of dollars in order to close infrastructure gaps and meet the goals and commitments of the Group of 20 (G20) and the UN 2030 Sustainable Development Goals, (SDGs) and to date, private sector and national governments are falling far short of financing these goals. Development finance institutions […]
The 2017 update of the China’s Global Energy Finance (CGEF) Database shows China’s two global policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM), are becoming the largest sources of energy finance for governments across the world. The interactive database, managed by the Boston University Global Development Policy Center, tracks […]
As members of the Western-led financial institutions, the International Monetary Fund and the World Bank, meet with finance ministries and central banks in Washington over the next few days, the center of gravity for leadership is shifting to other shores. Since the global financial crisis that occurred over a decade ago, there is now more […]