The World Bank and the African Development Bank have announced that together they will commit more than USD $47 Billion in Climate Finance for African countries by 2025 to help countries tackle the effects of climate change.
Following the collapse of UK aid contractors Maxwell Stamp and Aktis Strategy in quick succession, the people from across UK’s aid sector are surveying the sector to try and understand what are the causes of recent struggles and what needs to be done to prevent such collapses in future.
President Trump’s nomination of David Malpass for President of the World Bank looks set to be approved by the Bank’s Board after the window for nominations closed last week leaving Malpass the sole nominee.
As countries increasingly shift their development aid approach from one focused on social service support and grant-based official development assistance (ODA) to an approached designed to increase private sector development, Development Finance Institutes (DFI) have risen in prominence. Now with their budgets and the scope of their work growing DFIs are having to grapple with increasing responsibilty to ensure they’re doing the most good possible with the resources available to them.
Priti Patel, a former UK international development secretary, has joined calls from the TaxPayers’ Alliance to reform the UK’s international development budget and for the UK alone to decide what constitutes aid. Patel was forced to resign her ministership for breaching ministerial rules in her relations with the Israeli government, but her stance on the UK’s aid budget makes her the latest Tory MP to support significant changes in the scope and the classification of the UK’s aid commitment.
The Trump Administration has submitted its plans for the establishment of the new US Development Finance Corporation (DFC) to Congress. The DFC was created as part of the boarder overhaul of the US’s global development programs passed in the BUILD Act.
US Officials are reportedly seeking to water down language and remove the word gender from documents being negotiated at the UN Commission on the Status of Women (CSW). The US is also refusing to reaffirm its commitment to the 1995 Beijing declaration and platform for action, regarded as the blueprint for global women’s rights.
The Presidents of the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) met in the ADB’s headquarters in Manila this week to discuss strategic and operational issues. ADB President Takehiko Nakao and AIIB President Jin Liqun signed a Cofinancing Framework Agreement for Sovereign Operations at the meeting.
KOICA, the Korea International Cooperation Agency, is reportedly considering offering official development assistance (ODA) to North Korea despite sanctions prohibiting cash transfers. North Korea is currently ineligigle for ODA from the South as any transactions between the two Koreas are treated as internal transactions under South Korean Law, but the South’s government is looking at changing the law so it can use development cooperation as part of the effort to ease tensions between the two countries.
The UK Department for International Development (DfID) could be forced to send 170 staff members to other government departments as to help assist with the additional workload expected in the event of a no-deal Brexit. DfID had 58 staff redeployed to other departments as of March 11th but with no clear path forward on Brexit in Parliament the government expects further support will be needed. If all requests for additional staff are granted DfID would see around 10% of its workforce deployed elsewhere.
Apolitical, a global network designed to help public servants find ‘the ideas, people and partners they need to solve the hardest challenges facing our societies,’ has published a list of the world’s 100 ‘most influential people in climate policy’
A new report from Rockefeller Philanthropy Advisors called ‘The Philanthropy Framework’ is trying to encourage big foundations to look beyond the success of their grantees in their self-evalutions to audit themselves and consider the effect they are having beyond just giving money. The report suggests organisations focus on three areas: charter (‘the organization’s scope, form of governance, and decision-making protocol’), social compact (‘its implicit or explicit agreement with society about the value it will create’) and operating model (‘the approach to the resources, structures and systems needed to implement strategy’).
The Women’s Philanthropy Institute (WPI) at the University of Indiana, Bloomington, has published a report looking at the ways issues of race and gender intersect in the philanthropic sector. The report, ‘Women Give 2019: Gender and Giving Across Communities of Color’, looks beyond a straight comparison of men and women to compare how racial identity affects individuals’ approach and views on philanthropy.
Bill McGlashan has parted company with TPG Capital. McGlashan established TPG’s growth fund and the firm’s impact investing arm the Rise Fund but was forced to leave the company after he was one of 50 individuals indicted by the FBI as part of its investigation into a scheme to help wealthy parents get their children into elite colleges through bribery and fraud. There is some confusion as to whether McGlashan was fired or resigned as reports indicate the firm was in the process of drafting a termination notice when it received McGlashan’s resignation memo, but the firm’s official statement to reporters says McGlashan was terminated.
A preview of what to expect at the Global Education & Skills Forum (GESF) in Dubai this weekend which will see 3,000 delegates meet to discuss how to improve global learning outcomes.