This Week in Global Development

A tale of two continents is unfolding in the global development landscape as Latin America embraces a surge of private investment while Africa grapples with severe economic aftershocks from geopolitical conflict in the Middle East. 

At the recent Inter-American Development Bank meetings, an atmosphere of intense optimism prevailed, fueled by the region's 63% renewable energy matrix and the attendance of over 1,600 private sector leaders. High-impact projects such as the 2,300-mile Bi-Oceanic Corridor, designed to slash trade routes to Asia by 17 days, and the Lac Minerals initiative for lithium processing, signal a robust new era of regional integration and industrial growth.

In stark contrast, many African nations face a deepening crisis as volatility in the Middle East has driven fuel prices up by as much as 77% in cities such as Mogadishu. These inflationary pressures are devastating for informal workers and humanitarian efforts, with the World Food Programme facing skyrocketing insurance costs and delayed shipping routes that bypass the Red Sea. 

With traditional aid from the West decreasing, both regions are increasingly looking toward south-south cooperation and Gulf investments to secure their economic futures.

To dig into these stories, Business Editor David Ainsworth sits down with Devex reporters Jesse Chase-Lubitz and Ayenat Mersie for the latest episode of our weekly podcast series.

As AI models scale globally, social enterprises are increasingly working with frontier AI labs to test, adapt, and improve the technology in local contexts. This episode explores how those partnerships could determine whether AI reinforces existing inequalities — or helps close them.

This week, we are reporting from the Commission on the Status of Women — the world’s largest gathering on gender equality, which is taking place at the United Nations headquarters in New York. We discuss the key talking points at the conference, including what’s at stake amid a global regression in women’s rights, as well as the conversations taking place on the sidelines of the main summit.  

Staying on the topic of gender equality and the U.N., we also explore the potential merger of two agencies — UN Women and UNFPA — and explore the latest updates on the race for the next U.N. Secretary-General. 

To dig into these stories, and others, Adva Saldinger sits down with Colum Lynch and Elissa Miolene for the latest episode of our weekly podcast series.

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Too many “AI for good” pilots fail before reaching the people who need them most.

To solve this scaling crisis, Kanika Bahl, the CEO of Evidence Action, is stepping down from the helm of the organization to lead a new effort called the AI Access Initiative. Operating as an “AI-native NGO,” the initiative will bridge the gap between frontier tech labs and global development actors. 

Rather than funding endless pilots, it is focusing on scaling proven “big bets,” including clinical decision support for overstretched health systems and AI weather forecasting for smallholder farmers.

Bahl warns that the development sector must abandon “business as usual” and aim for audacious goals — including reaching half of the world’s 3.5 billion people living in poverty — to prevent a rapidly widening digital divide.

This week, we are reporting from the European Investment Bank’s annual meetings in Luxembourg to better understand the direction in which the institution is heading. We dig into the agenda as Europe continues to balance defense and development spending.

EIB President Nadia Calviño says the bank is “carrying the flag of development.” This comes as the bank pledged $1 billion for electrification in Africa, strengthened its commitment to health and gender, and launched its third Gender Action Plan.

During the conversation, we also discuss the messy USAID closeout process. Despite hundreds of millions of dollars owed to former partners and a growing threat of litigation, sources say the Trump administration is stalling settlement payments and imposing unrealistic deadlines as it starves the agency’s legacy operations.

To explore these stories and others, Senior Editor Rumbi Chakamba sits down with reporters Michael Igoe and Jesse Chase-Lubitz for the latest episode of our weekly podcast series. 

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