Cash transfers. Localization. Trust-based philanthropy. People-first. Pay for results. Market-shaping. Billions to trillions.
There’s no shortage of big ideas for transforming the global development model. Most of these have made real strides over the past few years as interest in traditional aid projects, infrastructure loans, and charity wane. But 2024 may be a wake-up call for anyone who thought there was time to make a slow and steady transition to a new way of doing business.
For one thing, there are the elections.
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About the author
Raj Kumarraj_devex
Raj Kumar is the President and Editor-in-Chief at Devex, the media platform for the global development community. He is a media leader and former humanitarian council chair for the World Economic Forum and a member of the Council on Foreign Relations. His work has led him to more than 50 countries, where he has had the honor to meet many of the aid workers and development professionals who make up the Devex community. He is the author of the book "The Business of Changing the World," a go-to primer on the ideas, people, and technology disrupting the aid industry.
