Ideas to action: independent research for global prosperity
Does SDR Recycling Impair Reserve Management?
November 14, 2023
Improving School Management of Violence in Peru
November 22, 2023
Development Finance Cooperation amidst Great Power Competition: What Role for the World Bank?
May 15, 2023
The ability of the World Bank to strike an appropriate balance between country demands and global goods depends on the institution’s shareholders. Yet, the deterioration in the bilateral relationship between the United States and China now threatens to undermine effective governance at the instituti...
Mapping China’s Participation in Multilateral Development Institutions and Funds
November 18, 2021
China has emerged as a leading participant in multilateral development organizations. In many ways, this is a welcome development. Today’s global challenges, including COVID-19 and climate change, require an international response and have prompted renewed calls for increased multilateral engagement...
Mapping China’s Multilateralism: A Data Survey of China’s Participation in Multilateral Development Institutions and Funds
November 18, 2021
A considerable body of recent research attempts to shed light on China’s bilateral aid and finance flows, but there have been fewer efforts focused on China’s participation in multilateral development channels. As a result, China’s role across the landscape of multilateral institutions and funds is ...
Testimony on China’s Lending Practices and the International Debt Architecture
May 18, 2021
On May 18, 2021, CGD Senior Fellow Scott Morris testified before the House Committee on Financial Services Subcommittee on National Security, International Development and Monetary Policy at a hearing titled “Examining Belt and Road: The Lending Practices of the People’s Republic of China and Impact...
How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments
March 31, 2021
China is the world’s largest official creditor, but we lack basic facts about the terms and conditions of its lending. Very few contracts between Chinese lenders and their government borrowers have ever been published or studied. This paper is the first systematic analysis of the legal terms of Chin...
WHITE HOUSE AND THE WORLD POLICY BRIEFS
China’s Role in Developing Countries: Resetting US Policy with a “3 C’s” Agenda
December 03, 2020
As much as current US policy has sought to characterize China’s lending program in blunt and strictly negative terms, the reality is mixed.
Bargaining with Beijing: A Tale of Two Borrowers
November 18, 2020
We examine the behavior of Chinese government lenders in two debt rescheduling episodes: a “low stakes” case involving Seychelles and a “high stakes” case involving the Republic of Congo. The fact that the Republic of Congo was worse off after rescheduling its debts with Beijing underscores the impo...