Devex @ World Bank-IMF: UNDP's Achim Steiner on outcomes from the G20 meetings by Devex ..read more

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 nex ..read more

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 ..read more

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 abo ..read more

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 m ..read more

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 ge ..read more

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 Den ..read more

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 Devel ..read more

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 ..read more

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 ..read more