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Latest newsNews searchHealthFinanceFoodCareer newsContent seriesFocus areasTry Devex Pro
    • Devex Impact
    • Devex @ World Bank-IMF 2025

    Did the world get the development paradigm backward in 2015?

    AFD’s Rémy Rioux, Rockefeller’s Julia Frifield, and DBSA’s Boitumelo Mosako discuss the reimagining of development’s financial architecture — and whether 2015, a key year for development, could have set the world up in a more strategic way.

    By Fiona Zublin // 20 October 2025

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    Brazil builds on G20 finance reform while advancing domestic investment

    “We have [had] a problem for a decade, which is … somehow we did it [in] the wrong order.”

    That was the analysis from Rémy Rioux, head of French development agency AFD, on a panel at Devex Impact House during the World Bank-International Monetary Fund annual meetings last week. Rioux, who has led AFD since 2016, reminded Devex Senior Reporter Michael Igoe that in July 2015, the development world gathered in Addis Ababa, Ethiopia, to set a financial framework before meeting at the United Nations General Assembly to set the Sustainable Development Goals and finally gathering for the 21st U.N. Climate Change Conference, or COP21, in Paris to forge the Paris Agreement.

    “We should have done the other way around. We should have started with climate because, like it or not, climate will remain the driver for a very long time, then we should have declared the SDGs … and then we should have gone to Addis to set the financial framework of that ambition and that urgency.”

    This article is free to read - just register or sign in

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    More reading:

    ► Head of France's AFD reflects on development finance's uneven evolution (Pro)

    ► What happened at the last FfD conference, and what has changed since?

    ► FfD4 special edition: The key takeaways from four days in Sevilla

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    About the author

    • Fiona Zublin

      Fiona Zublin

      Fiona Zublin is Devex's Deputy Managing Editor. Prior to joining the Devex team, she worked at OZY, NPR, and The Washington Post. Originally from the United States, she now lives and works in Paris.

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