Debt, inequality, and climate finance dominate the agenda, but boycotts and geopolitical rifts threaten to overshadow South Africa’s historic year at the helm.
Plus, how the European Investment Bank could boost its lending capacity, and the Green Climate Fund’s record funding levels.
Short-term consultants make up roughly 25% of the World Bank's workforce, and the bank said it has become overly reliant on that "contingent workforce."
And it’s due time for organizations to speak up about the future of development funding, says Christy Gleason, chief policy officer at Save the Children US.
From guarantees to green funds, global development finance is being reshaped — but who’s really benefiting from the changes?
The nonprofits are seeking refuge abroad, with one Canadian law firm saying it had seen a tenfold increase in inquiries, while a U.K. law firm said it had seen a fivefold increase. Plus, at the Trust Conference, a call to work together against rising authoritarianism.
The one-stop-shop guarantee platform is driving record deal flow — and offering a glimpse into how the World Bank aims to integrate and mobilize more private capital.
Brian Kagoro of Open Society Foundations laments the lack of reforms to the global financial architecture, but remains hopeful that the urgency of today’s crises will trigger change.
Brazil is monitoring the rollout of multilateral development bank reforms advanced under its G20 presidency while launching new domestic measures to mobilize private and international finance for its green transition.
Former Tunisian Prime Minister Mehdi Jomaa says Africa’s young population and human capital hold the key to turning its economic challenges into opportunities — but only if leaders can strengthen governance and build strategic partnerships.
Experts say domestic resource mobilization — and smarter, fairer, more effective tax systems — are more important than ever to help countries fund their own development.
At Devex Impact House, AfriCatalyst's Daouda Sembene called for urgent reforms of the G20 Common Framework.
As climate shocks mount, leaders say financial reform must finally unite climate action and development goals.
The managing director of Africa's Trade and Development Bank talks silver linings to the aid cuts for multilateral development banks.
AFC's Samaila Zubairu wants to help the continent fund its own development.
Samaila Zubairu, president and CEO of the Africa Finance Corporation, says we "need to find ways to intentionally transform that potential to progress and prosperity for all our people."
On the sidelines of the World Bank and IMF annual meetings, global finance leaders discussed how the new G7 Infrastructure Investment Council will strengthen collaboration across DFIs and institutional investors.
“We have had a role internationally going back decades, and it's been important to us, and I think it will continue to be important to us,” said Alice Albright, former head of MCC. “I think the question is, what is fit for purpose?”
Inside S&P Global Ratings’ changes to the way it evaluates MDB risk which it says could unlock up to $800 billion. Plus, everything you missed at the World Bank-IMF annual meetings.
For years, development finance leaders have talked about the need to attract private capital. But what can we learn from the deals that have already taken place?
As old growth models falter, the Gates Foundation and, more recently, Open Philanthropy are testing new ways to help low- and middle-income countries prosper. They’re able to take risks, test ideas, and inform policy reforms that multilateral banks and bilateral donors often can’t.
A shift from aid to investment will require stronger institutions, better-prepared projects, and renewed focus on local capacity, African leaders said at Devex Impact House on the sidelines of the World Bank-IMF annual meetings.
United Way is one of the world's largest nonprofits, but it is focused on ways that it can help bring about small-scale change, says its CEO.
The director general of Norway's development agency offers some reasons that the country's public wants to spend money on international development.
Highlights from last week's World Bank-IMF annual meetings.
AFD’s Rémy Rioux, Rockefeller’s Julia Frifield, and DBSA’s Boitumelo Mosako discuss the reimagining of development’s financial architecture — and whether 2015, a key year for development, could have set the world up in a more strategic way.
The World Bank plans to reform its accountability framework. Plus, Devex’s new flagship project to illustrate the magnitude of cuts to U.S. aid.
As the bank tries to streamline overlapping functions, board members sought to assure civil society groups that communities negatively affected by the institution's projects will have the same level of access to accountability functions.
As renewables reshape global development, experts say the real prize for LMICs isn’t mineral wealth but affordable energy — and the ability to use it to build industries, create jobs, and drive growth on their own terms.
IFC’s Anup Jagwani and Somalia’s Abdihakim Ainte made the case for a more business-driven approach to agriculture — one that leans on technology, private finance, and stronger rural markets.
In this week’s edition: what we learned about where the World Bank is hiring and what it’s paying, which roles have been hit harder than others by the aid crisis, featured new job leads, and more.
“We don’t need more than 40% of [the] money we were receiving before,” says Africa CDC chief Jean Kaseya, arguing that what’s required now is efficiency, not more funding. Plus, World Bank’s Axel van Trotsenburg on what it will take for multilateralism to survive.
African countries don't need more than 40% of the money they were receiving before, he said.
World Bank VP Sangbu Kim calls digital public infrastructure the “fundamental foundation” for digital services, stressing IDs, payments, and e-signatures as core. He urges governments to expand access and prevent exclusion.
The World Bank's second-in-command calls for accountability, outcomes, and the willingness to listen.
For the latest episode of our podcast series, recorded live on the sidelines of the World Bank and IMF annual meetings, Adva Saldinger sits down with Michael Igoe and Elissa Miolene to discuss what’s at stake at the summit.