Long Story Short

This week we published an article on the development finance issues to watch in 2024. From fresh climate finance targets to the role that private capital mobilization can play in overcoming global development challenges, we discuss what we expect from the upcoming year and whether the ideas proposed will lead to tangible change in low-income countries. On the topic of capital increase, at an event on Monday, World Bank President Ajay Banga discussed his plans to reform the way the institution runs, including speeding up project approvals and streamlining the International Development Association ahead of its replenishment this year. It is hoped that the reforms will help increase the capital needed to overcome development challenges. Are the proposed reforms to the development finance architecture achievable? What is missing from the agenda? To answer these questions and dig into these stories, as well as others, Devex President and Editor-in-Chief Raj Kumar sits down with Global Nation co-founder Jonathan