A new blended finance action plan calls on multilateral development banks to step up their efforts to leverage private capital. It lays out a series of eight key initiatives that can help to accelerate blended finance and raise more funds to address the Paris Agreement on climate change and the Sustainable Development Goals.
The International Finance Corporation faces a difficult question. On one hand, IFC wants to help build strong financial institutions in developing countries. On the other hand, some of those institutions finance coal-fired power plants.
As the Malaria Summit gathers in London this week, Devex speaks to two Bill & Melinda Gates Foundation experts — Philip Welkhoff, head of the malaria program, and Trevor Mundel, president of global health — about why data and surveillance will be central to overcoming stagnation in the fight against the disease.
Public sector corruption costs the world economy up to $2 trillion annually and fighting graft was high on the agenda of the World Bank Spring Meetings. Officials, business leaders, and civil society figures discussed how best to fight it, while World Bank Chief Executive Officer Kristalina Georgieva promised her institution would be "much stronger and proactive." Here are six key takeaways from the debate.
As direct payments gain traction across the sector, a conservation scheme in Cambodia could hold key lessons.
Civil society groups have raised concerns about the World Bank's support for private education solutions in developing countries, including lodging a formal complaint against a provider in Kenya, as the institution meets for its Spring Meetings.
The World Bank wants to move earlier into conflict-affected and fragile countries with more funding, more staff, and a mandate to focus on prevention, according to the institution's fragility, conflict, and violence director Franck Bousquet.
As negotiations for a multibillion dollar capital increase at the World Bank continue this week, the United States government wants to see employees' salary growth curtailed, according to a source with knowledge of the U.S. position.
A new independent policy study, commissioned by Novartis, reveals controversial views about what African experts think is the best way to push forward progress on malaria eliminations. This guest column details the biggest findings of the Malaria Futures for Africa, or MalaFA study, and explains why we need to take advantage of these African insights and learnings.
Landing a job with the World Bank Group is highly competitive. With only a fraction of applicants being successful, it's important to tailor your application and utilize all the insider knowledge you can get to stand out. Devex spoke with Roberto Amorosino, senior human resources specialist at the bank, to get his advice on increasing your chances of getting hired.
The Women Entrepreneurs Finance Initiative, or We-Fi, is to hand out $120 million in funding split between the World Bank, Islamic Development Bank, and Asian Development Bank to support work on women's economic empowerment. At the World Bank Spring Meetings, gender experts came forward with suggestions for how the fund can best operate in the sector.
Speaking on the sidelines of the Commonwealth Heads of Government Meeting in London this week, development minister Lord Michael Bates offered a look into the Department for International Development's plans to leverage insurance tools to help small island states prepare for and respond to natural disasters.
There are an estimated 1.6 billion people in the world living in substandard housing. This figure is climbing, but housing microfinance — small, nonmortgage-backed loans for short terms — could be a market solution to address growing housing needs, incremental building patterns, and the land tenure realities of low-income households. Habitat for Humanity explains how.
In her memoir, Fighting Corruption Is Dangerous: The Story Behind the Headlines, Ngozi Okonjo-Iweala recounts her time in the Nigerian government and her struggles to combat graft, battle oil companies, and bring in effective government. It is a sobering tale that ends with a rallying cry to the development sector: "Outsiders can only assist. Corruption must be fought by insiders and from the inside."
The announcement comes during the Malaria Summit London 2018, where commitments will include a range of new interventions in funding, innovation, and data, with strong support from malaria-endemic countries and a special focus on refugees and internally displaced people.
Satellite technology is providing health workers in remote communities in Nigeria with better access to training, as well as improved information management systems. In this video, we take a look at how a new partnership is helping to revolutionize health coverage in some of the country's rural areas.
An analysis of European Union climate financing released Wednesday has raised questions about where the funds are going, as it emerged that Turkey was by far the biggest individual recipient.