Long Story Short

This week we discuss the establishment of the Africa Club by the African Union, an initiative that the continent’s leaders hope will drive reform of the global financial architecture. With African states currently spending more on debt repayments than they are on health care or climate action, the goal is for the alliance to leverage more funding for global development efforts. On the topic of Africa, we also reported on a gathering of African leaders who outlined their funding priorities for the International Development Association, the World Bank's fund for the lowest-income countries. From building climate resilience to greater energy and digital access, we examine why IDA is such an important tool for countries in the global south. We also break down leaked documents from the European Commission that outline its development vision for the next five years. To almost nobody’s surprise, it appears as though the EU is planning to pursue a foreign aid agenda based on its own economic interests rather than

IDA, or International Development Association is the world bank’s fund for the poorest countries. IDA provides grants and low-cost loans that countries can use for a variety of needs from health to education to infrastructure. This year it's up for replenishment and so the bank is going to donors to ask for a new influx of capital. In this episode, we speak to Dirk Reinnerman, the Director of the IDA Resource Mobilization and IBRD Corporate Finance at the World Bank, about his pitch to donors in the IDA replenishment, and how it ties to broader bank reforms. We also hear from Garghee Ghosh, the president of global advocacy and policy at the Gates Foundation about what makes IDA unique, and Serah Makka, the Africa Executive director at the ONE Campaign.

In this episode of the Devex Book Club podcast, President and Editor-in-Chief Raj Kumar sits down with Microsoft's Juan M. Lavista Ferres to talk about how he got his start with computer science, what AI can do (and what it can’t), and how Beluga whales can help detect war crimes in Syria.

Juan M. Lavista Ferres got his start with AI for good in an unlikely way: He really didn’t want to go hiking. While working at Microsoft running randomized control experiments, Ferres had a colleague who was raising money for research on sudden infant death syndrome, or SIDS, to which he had lost a child. The campaign involved climbing the Kilimanjaro mountain — decidedly a no-go for Ferres. Ferres didn’t want to climb a mountain, but he did want to contribute to his friend’s cause. So rather than lacing up his hiking boots, he got together with a group of colleagues to analyze the U.S. Centers for Disease Control and Prevention’s cohort-linked birth/infant death dataset, an open-source dataset that’s logged tens of thousands of SIDS cases in the United States. Using machine learning models, Ferres and his colleagues were able to manipulate the vast amount of data in ways that had never been done before, revealing new links between risk factors in infants and SIDS. It was through this effort that Ferres re

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

As finance ministers and central bank governors from the G20 nations concluded their recent meetings, concerns over the pace and stability of global economic recovery took center stage. In an exclusive conversation with Achim Steiner, the Administrator of the United Nations Development Programme (UNDP), key insights emerged regarding the discussions surrounding coordination, the global financial architecture, and pressing challenges facing developing economies.

The World Bank and International Monetary Fund are trying to evolve and prove they are fit for purpose, but the jury is out on just how far that evolution process has gone.  While numerous announcements were made at the World Bank-IMF Spring Meetings last week in Washington D.C., the pace of reform is too slow, according to several experts. “The rhetoric in terms of the important pronouncements that have been made are saying the right things, but they're not giving you the next three things that could get done in the next month, in the next three months, in the next six months, in the next 12 months,” Afsaneh Beschloss, founder and CEO of investment firm RockCreek, told Devex.   “And so what I would urge the shareholders to do is really get serious, put pressure on the World Bank to start getting things done, not to look at the negativity, but look at the need,” she said, adding that “so much can get done today as we speak.” This gap between rhetoric and reality, between policy making at 10,000 feet and t

How can the World Bank play a role in attracting more private capital to address development and climate needs? That is a challenge that World Bank President Ajay Banga has prioritized and was a key discussion in Washington, D.C., last week at the World Bank and International Monetary Fund Spring Meetings. From a Private Sector Investment Lab charged with helping the bank identify and scale what already works to a new loan guarantee platform and plans to bundle and sell some International Finance Corporation investments to private investors, changes are afoot. But there are questions about how far existing proposals go, if they will succeed, and how exactly private sector mobilization will be measured. In this podcast episode we hear from experts about how those efforts stack up and what more can be done to attract private money to these markets. We dive into what the Private Sector Investment Lab has prioritized, why mobilization efforts have been stymied, and the importance of data transparency in t

This week we are closely following the World Bank and International Monetary Fund Spring Meetings taking place in Washington, D.C. From having a capital increase to provide funding for the world's low-income countries to how the financial institution can support the fight against climate change, we dig into the key conversations we’re following at the conference. In addition to increasing risk appetite to encourage private capital mobilization, we argue that multilateral development banks, as well as organizations under the World Bank Group umbrella should be collaborating better in order to maximize impact. To discuss how the bank can be reformed for it to be a better partner in global development, Devex President and Editor-in-Chief Raj Kumar sits down with World Resources Institute CEO Ani Dasgupta and Devex Senior Reporter Adva Saldinger for the latest episode of the podcast series. Sign up to the Devex Newswire and our other newsletters: https://www.devex.com/account/newsletters

The World Bank is about 18 months into its efforts to reform the institution in response to shareholder demands and changing global needs. From stretching its existing funding to attracting more private capital, the bank has laid a laundry list of proposals on the table. So what has been accomplished thus far and what more is needed? That’s what we tackle in the first episode of a special edition podcast during this year’s World Bank and International Monetary Fund Spring Meetings, which take place in Washington D.C. this week. The bank has a new capital adequacy framework to get more out of its own money, a new mission statement making climate change part of its core ambition, and of course a new leader in Ajay Banga. Listen in to hear Devex Senior Reporter Adva Saldinger in conversation with Clemence Landers, a senior policy fellow at the Center for Global Development, Kevin Gallagher, director of the Global Development Policy Center at Boston University, Stephanie von Friedeburg, managing director of ban

As the war in Gaza stretches past the six-month mark, this week we had an exclusive story on Israel’s efforts to disrupt and dismantle UNRWA, the United Nations agency leading the humanitarian response for Palestinians. The agency — caught in a political war — was forced to ground its fleet of trucks, cars, and security specialists used by other U.N. agencies delivering support to those affected by the conflict. We have also been closely following the conversations around localization. A few months ago, a rural Sierra Leone-based nonprofit leader was unable to get a visa to a conference in Denmark — which led to an open letter demanding change in how convening spaces on locally led development should be organized. Four months later, it appears that some foundations, international organizations, and networks have committed to listening, including the U.S. Agency for International Development. We explore how localization can be more effectively carried out, including the need to move the headquarters of insti

Last week, we launched Roots of Change, a Devex series on locally led development, which explores how the localization agenda can be elevated from rhetoric to reality. We have been following the discussions around localization for the past couple of years and the progress made toward empowering local communities in shaping global development initiatives. As part of the series, we published an article that outlines five key takeaways we learned about the current state of the debate based on our coverage. We highlight that while progress is slow, change is inevitable. At the Inter-American Development Bank, major developments are underway. From changing how they operate to identifying new metrics of success, we dig into how the financial institution plans to become a better partner in development as it urges other MDBs to undergo reform as well. We also touch upon an interactive article we published on the U.S. Agency for International Development’s spending plan for the upcoming months. Find out how the age

Doing meaningful work doesn't have to come at the expense of your whole life. In fact, Alex Amouyel argues that anyone can create a life full of impact. In this episode of the Devex Book Club, Alex takes us through her own winding career trajectory, from her time as a scientist to her current role as President and CEO of Newman's Own Foundation, and shares that with enough will and determination, everyone has what it takes to make a difference.  For more information on upcoming episodes and to sign up for our mailing list, visit the Devex Book Club here: https://pages.devex.com/devex-book-club.html

This week, we reported that at the Employees at the International Foundation for Electoral Systems — a 37-year-old pro-democracy organization based outside Washington, D.C. — employees formed a new staff union to confront their organization’s president and CEO over labor rights. The issue is entangled within the wider debates of localization. While employees most certainly want to provide technical support to local partners, they do not believe that the process should undervalue the employees who provide it. At the end of last week, The Locally Led Development and Humanitarian Response Act was passed by the House Foreign Affairs Committee, legislation that would ease complexities in USAID's grantmaking process. While the bill still needs to clear the U.S. Senate, most seem hopeful it will do so. It is believed that the legislation would help USAID reach its localization targets, especially if it is passed before the U.S. general election in November. On the other side of the pond, a spending watchdog foun

Reframing six centuries of world history in a single book is no easy feat. Doing it in lively, engaging prose that keeps you hooked the whole way through is even harder. But such is the talent of Howard French, longtime foreign correspondent and author of Born in Blackness, our Devex Book Club selection for this month. For more information on upcoming episodes and to sign up for our mailing list, visit the Devex Book Club here: https://pages.devex.com/devex-book-club.html

This week, Devex is at the South by Southwest, or SXSW, conference and festival exploring innovations in food systems and agriculture, but we’ve also got stories on food as a weapon of war, the accusation that USAID meddled with Zimbabwe’s democratic process, and the utility of the Pandemic Fund. Hunger and starvation have become a standard weapon in combatants’ war arsenal everywhere from Afghanistan to Gaza to Syria, Sudan, and Ukraine, writes Senior Global Reporter Colum Lynch. But recently, some observers have seen a broader erosion of international laws and norms that promote the prohibition of food as a weapon of war or as a lever in diplomatic or humanitarian negotiations. We’ve also got an exclusive from Global Development Reporter Elissa Miolene on the accusation by the Zimbabwean ambassador to the United States that the U.S. Agency for International Development is interfering in the country’s democratic processes — calling USAID’s human rights and governance work a “gross violation” of Zimbabwe’s

Last week, USAID unveiled its latest $5 billion global health supply contract, part of its NextGen suite of contracts. Worth $17 billion in total, it’s the largest suite of foreign aid contracts ever issued, to be delivered over the course of 10 years. But despite all the talk around localization, it’s highly likely the contracts will end up going to the usual industry players. “Most of the low- or middle-income countries, they can do without those USAID-funded contractors coming to do things for them,” said Olusoji Adeyi, president of Resilient Health Systems and a staunch advocate for the decolonization of the sector.  The previous iteration of USAID’s global health supply contract, worth $9.5 billion and delivered solely through Chemonics, failed to live up to expectations after running into multiple delays and performance problems. “USAID has refused to learn, and they are throwing $17 billion of taxpayer money after a failed business model,” said Adeyi. Listen to the latest episode of This Week in Glo

Vitala Global Foundation is a nonprofit organization that works with girls and women to develop digital solutions for stigmatized sexual and reproductive health issues, including abortions. Last week, Aya Contigo, its digital companion for abortion and contraception support that launched in Venezuela and has since expanded to the United States, was a winner of South by Southwest’s Innovation Showcase. Dr. Roopan Gill, co-founder and CEO of Vitala Global Foundation, was in Austin, Texas, to talk about the role technology can play in providing more accessible reproductive health resources, especially amidst growing restrictions on reproductive rights. “It's not just an app providing passive information,” she said. “We're really trying to see how it acts as a glue, as an ecosystem integrator, especially in this day and age where we have so much complexity around abortion access.” Gill spoke with Devex for Devex @ SXSW, a special edition of our This Week in Global Development podcast. The episode also feature

There’s no question that artificial intelligence will have a massive impact on the future of food systems, but it remains to be seen whether it will address or perpetuate inequities. “I think the question is, how's it going to be used in our food system in a way that actually promotes all of the objectives that we want?” said Roy Steiner, senior vice president for the Food Initiative at The Rockefeller Foundation. “Technology tends to be a fairly neutral tool. It multiplies whatever is underneath it. So if we have a completely inequitable system, it will multiply the inequity.”   Steiner spoke with Devex on the sidelines of South by Southwest in Austin, Texas, where conversations focused on the ways technology will transform every aspect of society, including the way the world grows, produces, distributes, supplies, and consumes food. The current food system is detrimental environmentally, socially, and nutritionally, Steiner said, adding that he’s hopeful that technological advancements can help the world t

The world needs new approaches, not just more funding, as it faces a financing gap of an estimated $4 trillion annually to achieve the Sustainable Development Goals, or SDGs. “We’re either going to find this money somewhere under the cushions … or we’re going to make it cheaper,” said Hala Hanna, executive director of Solve, an initiative of the Massachusetts Institute of Technology that launches open calls and backs innovators working to solve global problems. “So we really believe that innovation and finding new voices and new ideas is one key part of doing that.”  Devex spoke with Hanna at South by Southwest in Austin, Texas. She drew on some of the same themes as Najada Kumbuli, head of investments at the Visa Foundation, and Nazanin Ash, CEO of Welcome.US. Each of them discussed the ways their organizations leverage innovation, technology, and investment to support new solutions for the SDGs that won’t come from traditional models. Listen to the episode to hear more on their strategies to build a mor