• Facing a climate breakdown, leaders 'act while we learn'
    Jan 26 2024
    2023 was the hottest year on record. So it’s no surprise that the climate emergency was a big focus of last week’s World Economic Forum annual meeting in Davos, Switzerland.

    Devex’s Raj Kumar sat down with several leaders to discuss how the climate crisis intersects with their work: Peter Sands, the executive director of the Global Fund to Fight AIDS, Tuberculosis and Malaria; Sophie Atiende, CEO of the Global Fund to End Modern Slavery; and Jonathan Reckford, CEO of Habitat for Humanity.

    Together, they explore the interconnections between climate change and the issues they are focused on, as well as the urgency for action.

    Sands describes a visit to northern Nigeria with Muhammad Ali Pate, the country’s minister of health and social welfare, where they saw “a shocking number” of children who were malnourished and severely ill with malaria.

    “It’s a good example of how the climate change interaction is sort of multifactorial,” he said, explaining how climate change is harming agricultural productivity, leading to malnutrition, and changing the epidemiology of malaria.

    “The combined impact of that is more severely ill children and more deaths of small children,” Sands said. “That's the kind of thing we're still trying to understand. But my view is we need to act while we learn. We can't wait for a perfect answer; we need to be doing more in anticipation of how we see this unfolding.”

    Listen to the episode to hear more from Sands, Atiende, and Reckord, who joined Kumar for the Davos Dispatch podcast, recorded from WEF in Davos, Switzerland.
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    26 mins
  • Financing tech solutions in Africa
    Jan 23 2024
    There are a growing number of social entrepreneurs using technology to address a range of development challenges in Africa, from agriculture healthcare to education. But many of them say that financing is the greatest barrier to scale.

    At the World Economic Forum Annual Meeting 2024, Devex’s Raj Kumar sat down with three social entrepreneurs: Temie Giwa-Tubosun, CEO of LifeBank, a healthcare technology and logistics company delivering critical medical supplies, Gerald Abila, founder of BarefootLaw, a non-profit in Uganda providing access to justice through technology, and Mayur Patel, chief commercial officer at M-Kopa, an asset financing platform in Africa.

    Their conversations point to several ways social entrepreneurs are using technology to address social challenges, as well as the crucial role financing must play in scaling their impact.
    "The big barriers for growth are not demand,” Patel said. “They're not the scalability of the platform, or the opportunity. The big barriers to growth are figuring out how you solve the working capital cycle.”

    Listen to the episode to hear more from Giwa-Tubosun, Abila, and Patel, who joined Kumar for the Davos Dispatch podcast, recorded from the World Economic Forum in Davos, Switzerland.
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    25 mins
  • What's next for the Green Climate Fund?
    Jan 22 2024
    It’s a big moment for the United Nations Green Climate Fund. Its funding levels hit a record high following the climate conference COP 28, with several countries adding contributions to its second replenishment that sent the fund’s total soaring past its $10 billion goal to $12.8 billion.

    GCF’s Executive Director Mafalda Duarte oversaw the replenishment after assuming the role only three months prior, having departed her previous job as the head of the Climate Investment Funds in June. Somewhere in there, she was also at the Africa Climate Summit, the U.N. General Assembly, and multiple other global engagements.

    “Quite intense,” she acknowledged to Devex President and Editor-in-Chief Raj Kumar in Davos, Switzerland, the latest stop on her whirlwind travel agenda.But if Duarte has been busy, it’s because she’s making huge strides at an organization that was in a notably rocky place a few years ago. On this episode of Davos Dispatch, a series housed under our regular weekly podcast, This Week in Global Development, Duarte gives us the scoop on what’s next for GCF and its role in climate change mitigation and adaptation.
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    34 mins
  • Making 'billions to trillions' a reality
    Jan 18 2024
    The “billions to trillions” narrative — the idea that a relatively small amount of public financing can be used to crowd in trillions of dollars in private capital to solve climate and other development challenges — has been discussed in development finance circles for nearly a decade now. And yet there’s still an annual $4 trillion gap in financing for energy, water, and other critical development objectives.

    Speaking to Devex’s Raj Kumar, Samaila Zubairu, CEO of the Africa Finance Corporation shared how his organization is leveraging public-private partnerships in “risky” countries such as Gabon and Djibouti, and what larger multilateral development banks should be doing to be more effective.

    “What is most important is for us to introduce more urgency in our approach to work. We need to really start to focus on outcomes,” Zubairu said. “We should all be accountable. We should be looking at what's the baseline at a certain period of time, and what are we doing to cause improvements to happen.”

    Zubairu joined Kumar for the Davos Dispatch podcast, recorded from the World Economic Forum in Davos, Switzerland.
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    23 mins
  • Davos Dispatch — what really went down at WEF '23?
    Feb 2 2023
    Davos 2023 has wrapped, and Devex was there to experience it all. In this installment of Davos Dispatch, Devex President and Editor-in-Chief Raj Kumar compared notes with reporter Vince Chadwick on what the conference means for development, the private sector and how the two can, and must, work together. And despite their differing Davos experiences—Raj moderated a number of WEF panels while Vince joined a frozen press scrum waiting in vain for Greta Thunberg—they both agree that the conference is quite unlike anything else.
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    36 mins
  • Episode 9: Davos Dispatch Wrap Up
    May 27 2022
    There wasn’t any snow but there was plenty of schmoozing at the World Economic Forum Annual Meeting in Davos this past week. But in between the “pre-breakfasts” and the late-night parties were substantial discussions and hopeful ideas.

    Devex Editor-in-Chief Raj Kumar and Senior Reporter and author of Devex Invested Adva Saldinger look back on the biggest issues people were talking about — from climate and crypto to the war in Ukraine — while looking ahead to see if all of the lofty talk will actually reach the people on the ground who need to see rhetoric turned into action.

    For the latest on business and development finance, sign up to Devex Invested, delivered straight to your inbox every Tuesday.
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    27 mins
  • Episode 8: Interview with Dante Disparte, Chief Strategy Officer & Head of Global Policy, Circle
    May 27 2022
    Digital currency. Blockchain. Brainwallet. Web 3.0. What do they all actually mean — and what do they mean for the development community?

    Adva Saldinger, senior reporter at Devex and author of the Invested newsletter, delves into tech’s next revolution with Dante Disparte, chief strategy officer and head of global policy for Circle, which produces the closest thing we have to a digital dollar backed by the U.S. banking system.

    Dante Disparte has two decades of experience as an entrepreneur, business leader and global risk expert, most recently as founder and CEO of Risk Cooperative, a strategic risk advisory and insurance brokerage based in Washington, D.C. He is also a member of the World Economic Forum’s Digital Currency Governance Consortium, helping drive global standards and regulatory harmonization for digital currencies.

    For the latest on business and development finance, sign up to Devex Invested, delivered straight to your inbox every Tuesday.
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    24 mins
  • Episode 7: Interview with Jeremy Farrar, Director, Wellcome Trust
    May 27 2022
    Jeremy Farrar, one of the first people to sound the alarm about the pandemic, warns the global community: Do not let your guard down — for this pandemic, or the next one.

    The director of Wellcome Trust talks to Devex Editor-in-Chief Raj Kumar about the uncertainties of long Covid, the successes and failures of the global coronavirus response, the geopolitics of global health, and our collective “blindspots” to the next virus.

    Jeremy Farrar is a member of the UK Vaccine Taskforce and the Principles Group of the ACT-Accelerator hosted by the World Health Organization, where he chairs the R&D Blueprint Advisory Group. He advocates for rapid investment in research on Covid-19 testing, treatments and vaccines, and argues that everyone – not only people who live in rich countries – should benefit equally from the discoveries that result.

    For the latest on the pandemic and global health, sign up to Devex CheckUp, delivered straight to your inbox every Thursday.
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    21 mins