Financial inclusion takes a hit amid rising debt and high interest rates

Financial inclusion takes a hit amid rising debt and high interest rates

High interest rates are threatening the gains made in financial inclusion over the past decade, with investors backing off riskier investments especially in inclusive fintech, as reported by Devex’s Shabtai Gold this week. While some regions have achieved robust progress — such as India, where nearly 80% of adults now have a bank account — others are lagging behind. Over half the population of sub-Saharan Africa, or about 530 million people, are still unbanked.

Meanwhile French President Emmanuel Macron’s global financing summit, which aimed to address rising debt burdens and high interest rates, wrapped up at the end of last week with mixed outcomes, as covered by Devex Brussels Correspondent Vince Chadwick. The summit ended with a number of strong interventions from leaders in Africa and Latin America who challenged Western governments on inequitable global governance structures and called for a transformation of the financial system.

This week, Devex President and Editor-in-Chief Raj Kumar is joined by Reuben Abraham, the CEO at Artha Global, and Nasra Ismail, a policy adviser and ICAP Aspen fellow, to discuss these stories and more.

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Episoder(235)

The fight over $7.5B in expiring aid and a rejected State Department grant

The fight over $7.5B in expiring aid and a rejected State Department grant

We recently reported that roughly $7.5 billion in international affairs funding is set to expire by the end of this month. In a letter, more than 100 U.S. lawmakers have urged the State Department to ...

3 Sep 26min

The water sector’s funding challenge and Asia’s philanthropy push

The water sector’s funding challenge and Asia’s philanthropy push

At World Water Week in Stockholm, financing took center stage ahead of the U.N. Water Conference in Abu Dhabi this December. The annual gathering saw around 2,000 participants discuss water governance...

27 Aug 30min

Special edition: Rethinking the housing crisis

Special edition: Rethinking the housing crisis

What if housing finance could help solve today's biggest challenges? In this special episode, Habitat for Humanity’s Jacqueline Innocent reveals why housing is an upstream catalyst for health, educati...

25 Aug 27min

Famine reporting goes dark in 3 crisis zones, and COP31’s critical test

Famine reporting goes dark in 3 crisis zones, and COP31’s critical test

Afghanistan, Somalia, and Yemen, three of the world’s most hunger-prone nations, were removed from the latest reporting by the Famine Early Warning Systems Network — a U.S.-based data and monitoring s...

20 Aug 28min

Inside the State Department’s historic pivot to faith-based organizations

Inside the State Department’s historic pivot to faith-based organizations

In this episode of This Week in Global Development, Business Editor David Ainsworth sits down with Senior Reporters Michael Igoe and Sara Jerving to discuss the U.S. State Department’s announcement to...

13 Aug 29min

Special edition: Are jobs for youth development's silver bullet?

Special edition: Are jobs for youth development's silver bullet?

In this week’s special edition episode of the This Week in Global Development podcast, sponsored by the International Youth Foundation and the Caterpillar Foundation, we examine how shifting labor mar...

12 Aug 41min

Tracking the real-world impacts of US foreign aid cuts

Tracking the real-world impacts of US foreign aid cuts

This week, we discuss The Aid Report, a project supported by a media grant from the Gates Foundation to track the real-world impacts of U.S. foreign aid cuts. Over the past couple of months, the initi...

29 Jul 36min

The new era of US and European foreign assistance

The new era of US and European foreign assistance

This week we look back at the last 18 months of U.S. foreign assistance — a period defined by the dismantling of USAID and the absorption of foreign aid strategy into the State Department. We break do...

22 Jul 30min

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