Single-issue alliances and multilateral development banks will become more central and more powerful in global development this year, as other parts of the sector tighten their belts.
That's the prediction of Devex President Raj Kumar, during an event on the key global development trends to watch in 2024.
With heavy political pressures on aid budgets in some of the biggest donor countries and a growing share of official development assistance being diverted to meet humanitarian needs, less money will be left for long-term development programming, Kumar said.