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This week, we take a look at the Civil Society and Social Innovation Alliance, known as CIVIC, a new, forthcoming World Bank Group initiative designed to support civil society organizations and social economy players. This venture seeks to foster more collaboration in line with the bank’s localization agenda, enabling civil society to play a crucial role in addressing global challenges.
On the topic of the World Bank, the financial institution announced $23.7 billion in contributions to the International Development Association, or IDA, the bank’s fund for providing grants and low-interest loans to 78 low-income countries. This is a 0.8% increase from the last replenishment of $23.5 billion in 2022 but falls short of the $27 billion that some advocates had hoped for.
We also discuss the Lobito corridor, which will connect Angola, Zambia, and the Democratic Republic of Congo via a rail that runs to the Lobito port in Angola. With many seeing it as a key initiative in the U.S.' efforts to counter China's growing influence, we discuss the chances of it continuing under the Trump administration.
To dig into these stories, Devex’s Michael Igoe sits down with Aly Rahim, program manager of the Global Partnership for Social Accountability at the World Bank, and Senior Reporter Adva Saldinger for the latest episode of our weekly 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.
