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Research
Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
TESTIMONY
Remarks to the European Parliament on EFSD/ EFSD+
September 24, 2025
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Research
WORKING PAPER
June 11, 2025
China is increasingly confronted by a policy trilemma, according to which it will be forced to choose between scaling back lending under the Belt and Road Initiative; delaying or abandoning its commitment to the internationalization of the Chinese yuan; or making domestic policy adjustments to reviv...
POLICY PAPER
June 09, 2025
This paper examines the changing shape of Chinese investment in Africa, as it evolves from large scale infrastructure toward small scale manufacturing. It looks at the opportunity for the region in the context of a deepening manufacturing labor shortage in China; discusses barriers to that opportuni...
WORKING PAPER
March 18, 2025
This paper tests the hypothesis that the growing proportion of World Bank contracts granted to Chinese firms, particularly in the infrastructure sector, may undermine results by exposing projects to lower standards of work. We find that such concerns are unfounded. We create a dataset of World Bank ...
CGD NOTE
March 17, 2025
At the ninth Forum on China-Africa Cooperation (FOCAC-9) in September 2024, China reaffirmed its position as Africa’s largest bilateral creditor. President Xi announced a resource package of just over $50 billion, $10 billion more than the 2021 proclamation. It came as a palpable relief to the Afric...
WORKING PAPER
October 15, 2024
As the largest bilateral lender to developing countries, China’s involvement in efforts to help countries in debt distress achieve debt sustainability is very important. However, China has often been criticized for being slow to respond to those challenges due at times to some strategic motives. Fiv...
