My response is on the longer side here bc it's a thoughtful piece on a key topic. This is right that structural transformation should be the goal of development. But in terms of POLITICAL dynamics, the same forces constrain both aid and structural transformation 1/16

China is providing new finance to Kenya including the PPP for the extension of the SGR, some SEZs and manufacturing FDI. podcasts.apple.com/us/podcast/t...

Our broken financial architecture Myanmar’s disaster (est. cost >100% GDP) qualifies it for IMF relief via the CCRT But CCRT funds, w/ just 81 mn SDRs aren't enough to cover the 103 mn Myanmar could request- 20% of their quotas Meanwhile, IMF sits on $282bn in idle gold

Interesting piece. "As of Feb. 6, 2025, the AIIB has 306 approved projects totaling $59 billion. Energy and transportation are its two largest sectors of lending." theconversation.com/if-us-attemp...

Thank you for the nice review.

Happening now @bostonu.bsky.social, @kevinpgallagher.bsky.social offers opening remarks at an expert panel on green industrial policy in the Global South, co-sponsored with the BU Pardee School and ft'ing speakers from 🇿🇦South Africa, 🇧🇷Brazil + 🇮🇩Indonesia.

How can fiscal policy better account for the economic benefits of public investments? Hua Chai + @yanwang5.bsky.social propose shifting fiscal policy focus from debt levels to public sector net worth in a new blogpost. Read more: www.bu.edu/gdp/2025/03/...

What role can renminbi-denominated panda bonds play in development finance, and why is it good timing for issuing panda bonds? @yanwang5.bsky.social + Zheng Zhai explore in a new blogpost: www.bu.edu/gdp/2025/02/...

A key outcome from this year's declaration is the G20 Roadmap towards Better, Bigger, and More Effective Multilateral Development Banks. We @gdp-center.bsky.social were honored to lead research under the "bigger" pillar. Lots of MDB reforms still needed + the Roadmap is key to guiding them

The IMF view that in large part the Global South is only facing a short term liquidity crunch may be wrong and if so is dangerous. Real debt relief is needed for stability and development. New piece with Mark Sobel: www.omfif.org/2024/11/dist...

In a new report, Chiara Mariotti, @rishirbhandary.bsky.social, @kevinpgallagher.bsky.social + Richard Kozul-Wright outline 6️⃣ policy recommendations for multilateral + national development bank cooperation to advance development + climate change priorities. Read more: www.bu.edu/gdp/2025/02/...