It’s shaping up to be a big year for development finance. Economic volatility and mounting crises are putting pressure on the system to step up.
Key institutions — namely the World Bank — are considering reforms, but other multilateral development banks and development finance institutions will also be called on to do more with their money.
There will be an “important political debate about the architecture for development finance,” says Haje Schütte, the head of the financing for sustainable development division and deputy director of development at the Organisation for Economic Co-operation and Development. The central question: “How does the system get fit for purpose to mobilize capital in support of global public goods?”
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About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
