Sophie Edwards is a Reporter for Devex based in London covering global development news including global education, water and sanitation, innovative financing, the environment along with other topics. She has previously worked for NGOs, the World Bank and spent a number of years as a journalist for a regional newspaper in the U.K. She has an MA from the Institute of Development Studies and a BA from Cambridge University.
As Philippe Le Houérou steps down as CEO of the International Finance Corporation, he tells Devex the "building blocks" are in place to realize his vision for an organization with development at its heart.
The director-general of the center — which boasts an all-star board of heads of state and business and development leaders — is on leave pending an investigation into allegations of mismanagement and harassment.
The World Bank Board approves $1.9 billion in funding for 25 countries. Bank executives have touted the speed of the financing, but some staff say the process has been hampered by confusion and delays.