The value of cash transfers, and USAID's budget boost

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Last week we were the media partner at the Global Inclusive Growth Summit hosted by the Mastercard Center for Inclusive Growth. The conference focused on how access to financial services are key to helping drive global development in low- and middle-income countries.

During one of the events, Barbados Prime Minister Mia Mottley stressed the importance of debt restructuring in order to help low- and middle-income countries overcome health and climate change challenges. We discuss the value of cash transfers for building resilience to crises by providing money to those in need quickly and efficiently, as well as how they can help increase financial inclusion globally.

We also published a story on Grant Assistant, an AI tool supporting its users in the writing grant applications. From speeding up the process of navigating the paperwork to helping local and smaller organizations access USAID grants, we discuss the tool’s potential impact on the global development sector.

This week, the U.S. Congress passed a bill, which would unlock around $9.2 billion in humanitarian aid. We contemplate what this means for USAID and where the money could go.

To dig into these stories, Devex Managing Editor Anna Gawel sits down with Yolande Wright, vice president of partnerships at GiveDirectly, and Devex Senior Reporter Michael Igoe for the latest episode of our weekly podcast series.

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