Shabtai Gold Authors

Shabtai Gold

Shabtai Gold is a Senior Reporter based in Washington. He covers multilateral development banks, with a focus on the World Bank, along with trends in development finance. Prior to Devex, he worked for the German Press Agency, dpa, for more than a decade, with stints in Africa, Europe, and the Middle East, before relocating to Washington to cover politics and business.

Latest Articles

World Bank
World Bank
African states detail their needs on World Bank reform ahead of G20
13 Jul 2023
African states say fighting hunger and energy access must be prioritized as part of the reform process at the World Bank, a pushback against the narrow wealthy nations' focus on overhauling the lender to tackle climate and pandemics.
Climate finance
Climate finance
How the Bridgetown Initiative envisions global financial system reform
13 Jul 2023
Mia Mottley's initiative seeks to overhaul global finance to make climate finance available to vulnerable countries that are historically low carbon emitters. Three experts explain what's at stake.
Finance
Finance
G20 experts urge 'inescapable' capital increase for development banks
6 Jul 2023
Nine experts say multilateral development bank reform is possible — at a cost.
Finance
Finance
African nations' borrowing costs are high, but reforms offer a fix: IMF
6 Jul 2023
IMF staff prove that African nations are paying more than governments in other regions to borrow money. However, there is a solution: specific reforms will ally investors' concerns and lower the cost of borrowing, helping fuel development.
World Bank
World Bank
Meet the guardians of the World Bank’s coveted AAA credit rating
4 Jul 2023
A tight-knit group of finance experts safeguards the money that makes the World Bank run. Some $400 billion in loans run through the treasury unit, which galvanizes investors to put their savings into funding development.
Finance
Finance
How high interest rates threaten reversal on financial inclusion gains
28 Jun 2023
During the zero interest rate party, financial inclusion projects saw an inflow of investments. But now investors are backing off, and progress is at risk. The chief investment officer at Accion says it's now time for global institutions to step up.
Devex Invested
Devex Invested
Devex Invested: Setbacks for an ambitious plan to ease global debt woes
13 Jun 2023
In this week's edition: failed legislative efforts to force private sector bond investors to negotiate debt relief for lower-income countries; what’s behind U.S. DFC’s reorganization, and British International Investment comes under fire.
Finance
Finance
Why low-income nations are ‘cracking’ under debt pressure
6 Jun 2023
Debt service payments have more than doubled since 2011 in the world's poorest nations. This means they cannot spend on health and education and break cycles of poverty, let alone make needed investments to defend against climate change.
World Bank
World Bank
Ajay Banga faces great expectations as he takes helm of World Bank
2 Jun 2023
The Indian-born former Mastercard executive has a fanbase across the financial world who are convinced he can deftly reform the World Bank for the modern era. But it's a time of polycrisis and competing demands, making it a tough task.
World Bank
World Bank
Interview: Nothing off limits on World Bank reforms, Malpass says
31 May 2023
If David Malpass could change one thing, he'd solve the debt crisis hitting low-income countries. In an exit interview, the outgoing World Bank chief says the lender needs to keep evolving to stay relevant - and effuses pride in the bank's staff.
See all articles by Shabtai Gold