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This week we discuss the establishment of the Africa Club by the African Union, an initiative that the continent’s leaders hope will drive reform of the global financial architecture. With African states currently spending more on debt repayments than they are on health care or climate action, the goal is for the alliance to leverage more funding for global development efforts.
On the topic of Africa, we also reported on a gathering of African leaders who outlined their funding priorities for the International Development Association, the World Bank's fund for the lowest-income countries. From building climate resilience to greater energy and digital access, we examine why IDA is such an important tool for countries in the global south.
We also break down leaked documents from the European Commission that outline its development vision for the next five years. To almost nobody’s surprise, it appears as though the EU is planning to pursue a foreign aid agenda based on its own economic interests rather than prioritizing issues linked to poverty and the United Nations’ Sustainable Development Goals. And like the U.S. Agency for International Development, which is struggling to meet its localization objectives, the EU also faces issues around staffing that affect its ability to carry out effective aid delivery.
To analyze these stories, Devex President and Editor-in-Chief Raj Kumar sits down with Bidjan Nashat, managing director of Aequitas Human Capital, and Senior Reporter Adva Saldinger for this week’s edition of our podcast series.
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About the author
Thomas Cserep
Thomas Cserép is an Associate Editor who manages and oversees Devex's social media presence, coordinates Devex’s audience outreach, and produces the This Week in Global Development podcast. Prior to Devex, he worked as a freelance journalist, with his writings appearing in a variety of publications, including Get Spanish Football News and the magazine of the Hungarian Geographic Society.
