To meet, perchance to scheme. As always, the most important meeting at Davos this year might be the one we only hear about months later, when a deal brokered over mulled wine off the famous promenade bears fruit. In the meantime, Devex will be on the ground in the Swiss Alps from Jan. 15 to 19, looking for the global development subplots at the World Economic Forum’s 54th annual meeting.
Nancy Lee, director for sustainable development finance and senior policy fellow at the Center for Global Development, noted that for low-income and vulnerable countries, 2024 is likely to be even tougher than 2023.
“Global interest rates, though easing, are likely to continue to shut many out of global capital markets,” Lee wrote to Devex via email. “The World Bank is predicting that global growth will slow for the third straight year. Spikes in debt service will squeeze social spending even harder. And the accelerating climate crisis will impose growing losses.”
About the author
Vince Chadwickvchadw
Vince Chadwick is a contributing reporter at Devex. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before covering breaking news, the arts, and public policy across Europe, including as a reporter and editor at POLITICO Europe. He was long-listed for International Journalist of the Year at the 2023 One World Media Awards.
