Kevin P. Gallagher @KevinPGallagher
Professor and Director, Global Development Policy Center, @GDP_Center, Pardee School of Global Studies, Boston University USA. Views my own. bu.edu/gdp Boston Joined June 2013-
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On Tues., May 7, @Kentikelenis + @thomstubbs join us + @BUBeckyRay for a webinar discussion on their book, "A Thousand Cuts: Social Protection in the Age of Austerity," which provides an analysis of @IMFNews policies around the world. Register to attend: gdpcenter.org/4de9aTu
I’m puzzled by all the fretting about China trade shock 2.0. First, a subsidy war in EVs and batteries is actually a good thing since there is no global carbon tax. Second, we are no longer in hyperglobalization. Importing countries are free to respond. Remember the Japanese…
Jwala Rambarran from @V20Group presenting on SIDs, debt, and climate finance @GDP_Center
Proud to have been named to this group! We have an important task ahead!
Proud to have been named to this group! We have an important task ahead!
What a Climate-Aligned IMF Would Look Like by Mohamed Nasheed & Rakesh Mohan - Project Syndicate project-syndicate.org/commentary/imf…
🌍 NEW report from @MarinaZucker @KevinPGallagher + @UliVolz finds that 47 emerging market + developing economies will face insolvency problems in the next 5 years if they seek to ramp up investment to meet climate + development goals. Read more: gdpcenter.org/3xDrnJU
‘So it is crucial for Americans to recognize that, for most of the world, perhaps for all of us, China’s ability to provide low-cost green technology is, on balance, great news.’ nytimes.com/2024/04/19/opi…
I’m critical of those who ignore that bondholders are the biggest problem in this debt crisis. But I have always said the CDB is the most transformative Development Bank on earth & should be treated so at the restructuring table— bravo @TheoMaret on.ft.com/3U5ol8v
The second edition of the V20 Debt Review shows that the V20's total external public and publicly guaranteed debt now amounts to $946.7 billion, highlighting the need for a multi-pronged approach to tackling sovereign debt distress. #IMFMeetings v-20.org/resources/publ…
Defaulting on Development and Climate: Debt Sustainability and the Race for the 2030 Agenda and Paris Agreement. New report from our Debt Relief for Green and Inclusive Recovery project by @MarinaZucker, @KevinPGallagher & @UliVolz.
New research showing how IMF program is locking Argentina into a fossil fuel future periodistasporelplaneta.com/blog/the-imf-i…
1️⃣ @MarinaZucker @KevinPGallagher + @UliVolz argue in a new report that debt relief is urgently needed for at least 47 economically vulnerable emerging market + developing economies to maintain debt sustainability while investing in climate + development: gdpcenter.org/DRGR2024
Record debt costs mean climate spending could push nations to brink of insolvency | Reuters reuters.com/sustainability…
We are now accepting submissions at #SFPJournal for a special issue to commemorate the 30th anniversary of #ICPD. Take a look! @Pop_Council
We are now accepting submissions at #SFPJournal for a special issue to commemorate the 30th anniversary of #ICPD. Take a look! @Pop_Council
Read the report from @niccolo_manych @KevinPGallagher @rishirbhandary + coauthors on opportunities for development finance institutions to support the early phase-down of coal plants around the world. bu.edu/gdp/2024/03/21…
We have a terrific line up for this conference on Sovereign Debt and Climate Finance - be sure to register here umass-amherst.zoom.us/webinar/regist…
Spot on by @cornelban . If the world was acting in time on climate change there would be no ‘overcapacity’ problem. China’s historic innovation and diffusion of low carbon technology should be rewarded and replicated, not ridiculed.
Spot on by @cornelban . If the world was acting in time on climate change there would be no ‘overcapacity’ problem. China’s historic innovation and diffusion of low carbon technology should be rewarded and replicated, not ridiculed.
Enjoyed chairing a session at the T20 event in Brasilia on Global South’s Climate Agenda org by @SAIIA_info @IPEAbr @Alexbenk @JlChediek a o. Rich discussion on constraints faced by the Global South in accessing green technologies
By 2050, it's estimated that more than 25% of the world population will live in Africa – a number on track to grow to 40% by the end of the century. At BU, research related to Africa is on the rise. Join us this Monday to hear from experts across fields: bu.edu/research/2024/…
Isabella M. Weber @IsabellaMWeber
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7K Followers 4K Following The Global Development Policy Center advances policy-oriented research for financial stability, human well-being + environmental sustainability across the globeBrad Setser @Brad_Setser
98K Followers 953 Following CFR senior fellow. Views are my own. Retweets are not endorsements. Writes on sovereign debt and capital flows.Benjamin Braun @BJMbraun
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320 Followers 494 Following environmental economics, applied micro, digital economy. @Columbia @SipaSusdev, @Tsinghua_Uni alum.lol. Nothing except fiscal austerity is a magic bullet according the IMF.
Industrial policy is on the rise, but new research shows that it is not a magic bullet for economic growth. Instead, fiscal policies that support innovation and technology diffusion more broadly—plus basic research—are the answer. Read our blog: imf.org/en/Blogs/Artic…
Egypt IMF Debt Sustainability Analysis summary table of sovereign stress risk for 2024 compared to 2023. An example of the underlying difference: 2029 public debt to GDP in the previous DSA 75%, in the new DSA 65%.
On Tues., May 7, @Kentikelenis + @thomstubbs join us + @BUBeckyRay for a webinar discussion on their book, "A Thousand Cuts: Social Protection in the Age of Austerity," which provides an analysis of @IMFNews policies around the world. Register to attend: gdpcenter.org/4de9aTu
Un honor compartir con el exPresidente de #CostaRica, Carlos Alvarado ( @CarlosAlvQ ), con ocasión de una brillante charla que dictó en el @GDP_Center sobre cómo enfrentar los desafíos globales. Todo pasando esta semana en el @BUPardeeSchool ! @sebastian_gray @KevinPGallagher
@V20Group external public + publicly guaranteed #debt = $946.7 billion. Expected to pay $904.7 billion debt service 2022-30. 8 countries spend over 20% of #tax revenue on it. Only 4 have growth > borrowing costs. v-20.org/resources/publ…
Mexico's peso fell as much as 7% in the past hour -- the steepest drop in four years -- from ~17/USD to ~18/USD after reports of an explosion in Iran. The world moves FAST when you're the most-traded currency in emerging markets and a proxy for risk appetite
Grateful to @LaynaMosley and Princeton Sovereign Finance Lab for inviting @JubileeUSA to present on our New York legislation to several of the world's leading debt experts, economists and political scientists on the sidelines of the #IMFMeetings.
And what I have just said to the #G20 where Brazil is effectively driving the reform agenda is that where management can act it is beginning to do so. Now we need shareholder action. #SpringMeetings2024
‘@rkyte365 said that while there “was movement” within the World Bank, “most observers” think the changes are not “deep enough and fast enough” on.ft.com/4aYmwkR
.@Eric_LeCompte and @DamonSilvers discuss the proposed New York State Sovereign Debt Stability Act. psfl.princeton.edu/events/2024/po…
Very proud to be associated with the effort to pass the New York State Debt Stabilization Act looking to help the world's poor improve their lives and fight climate change AND to be in the same room with my dear friend @Eric_LeCompte and the brilliant @LaynaMosley
.@Eric_LeCompte and @DamonSilvers discuss the proposed New York State Sovereign Debt Stability Act. psfl.princeton.edu/events/2024/po…
The second edition of the V20 Debt Review shows that the V20's total external public and publicly guaranteed debt now amounts to $946.7 billion, highlighting the need for a multi-pronged approach to tackling sovereign debt distress. #IMFMeetings v-20.org/resources/publ…
📢📢CfP: #Debt Traps: Rethinking International Debt Architecture & Debt Sustainability Assessments w| @SID_INT @stefprato @JasonBraganza1 @AFRODAD2011 JP Bohoslavsky 🗓️Deadline for abstracts: 30 April 2024 ℹ️Details: shorturl.at/dmny6
We are now accepting submissions at #SFPJournal for a special issue to commemorate the 30th anniversary of #ICPD. Take a look! @Pop_Council
📢Studies in Family Planning is accepting abstracts for a Special Issue! In commemoration of the 30th anniversary of #ICPD PoA, #SFPJournal is announcing a call for abstracts for a special issue reflecting on why ICPD remains relevant today. Learn more: bit.ly/3MR6UoA
Haven't posted about this much but in my free time I've been organizing with @justiceisglobal. When there's so much injustice at home + abroad, it has felt way better to be working w/ motivated people to do something about it. Please reach out if you'd consider getting involved!
'A new World Climate Bank could anchor a global green and just public finance system – but not if its modelled after the failing World Bank de-risking model.' We need a new ecosystem of collaborative public finance. landclimate.org/a-world-climat…
We have a terrific line up for this conference on Sovereign Debt and Climate Finance - be sure to register here umass-amherst.zoom.us/webinar/regist…
A privilege to be on a panel with this phenomenal group of women advocating for nuanced understandings of dev finance+debt amidst complex political-economic & social relations between China & the Global South. @isanet @StellaHongZhang @JessLiao1 @KeyiTang1 Gong Xue, Jyhjong Hwang
Enjoyed chairing a session at the T20 event in Brasilia on Global South’s Climate Agenda org by @SAIIA_info @IPEAbr @Alexbenk @JlChediek a o. Rich discussion on constraints faced by the Global South in accessing green technologies
I have confidence that the GEMs data really can be a catalyst for private investment. But wrangling MDBs and DFIs is like herding cats. It will take a lot of pushing from @USTreasury and other interested stakeholders.
One more evidence that high interest rates charged to Emerging Markets Developing Economies is unjustifiable. Not only default cases are minor, but when occur, recovery rates are above 70% What are high premium charged for?
Interesting from new World Bank statistics on defaults is that the highest recovery rates among private-sector counterparts were in Sub-Saharan #Africa among all regions and among low-income countries. Quite a strong negative correlation between recovery rates and income-level.