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Devex is a media platform and social enterprise designed for the global development sector. It focuses on linking and educating professionals in areas like development, health, humanitarian work, and sustainability by providing news, business insights, and opportunities for funding and careers in international development. As a for-profit membership organization, Devex has a team of over 100 employees spread across four locations, including its main office in Washington, D.C., as well as offices in Barcelona and Manila.

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US Treasury Secretary: US will stay engaged with World Bank, IMF

22 hours ago | devex.com | Adva Saldinger

One of the big questions going into the World Bank-International Monetary Fund Spring Meetings was whether the United States would engage with the institutions, and if so, how? On Wednesday, U.S. Treasury Secretary Scott Bessent provided some answers.
Scoop: Elon Musk's DOGE takes aim at Millennium Challenge Corporation

1 day ago | devex.com | Adva Saldinger

The Millennium Challenge Corporation – a U.S. development agency – may be next on the Trump administration’s chopping block.
The World Bank is focused on jobs. What does that mean?

1 day ago | devex.com | Adva Saldinger

At this week’s World Bank Spring Meetings, the buzzword is jobs, and specifically how they can offer pathways out of poverty. While World Bank President Ajay Banga said he wants the bank to orient itself around a “north star” of job creation, much of the how is still underway. That means no headline goals, no flashy data, and to some observers, not even clear definitions.
Is this the moment for nuclear energy at the World Bank?

2 days ago | devex.com | Adva Saldinger

The bank could soon end its ban on nuclear energy work, with shareholders and borrowing countries expressing growing interest in the clean, stable source of power and bank leadership backing the idea. For years, energy advocates, key World Bank shareholders, and some borrowing countries have urged the bank to rethink its policy banning any work on or financing of nuclear energy — and now it seems this might actually come to pass.
What to watch at the 2025 World Bank-IMF Spring Meetings

3 days ago | devex.com | Adva Saldinger

The World Bank-International Monetary Fund Spring Meetings that kick off this week are likely to be a quieter affair as the institutions seek to keep a low profile amid uncertainty about their relationship with the United States, their largest shareholder.
Special edition: What to know as the 2025 World Bank-IMF Spring Meetings kick off

3 days ago | devex.com | Adva Saldinger

If the World Bank and International Monetary Fund’s annual Spring Meetings feel a little quieter this year, that’s probably not an accident. Both institutions are walking a diplomatic tightrope as they convene during a 180-day review ordered by the Trump administration in February — a process that could reshape their relationship with their largest shareholder: the United States. That looming uncertainty is casting a shadow over this week’s meetings.
Devex Newswire: USAID programs under review, yet again

6 days ago | devex.com | Anna Gawel

The United States is embarking on a review of its previously completed review of USAID programming. Is that bad or good news for those who did (or didn’t) make the cut? Also in today’s edition: The World Bank’s Ajay Banga speaks to reporters — and surreptitiously to U.S. President Donald Trump? The never-ending reviewThis is a preview of NewswireSign up to this newsletter for an inside look at the biggest stories in global development, in your inbox daily. First, we got the announcement on Jan.
Somali Development and Reconstruction Bank pushes for private investment

1 week ago | devex.com | Anna Gawel

During a recent Devex Pro briefing, the bank’s governor, Hodan Osman, talked about the opportunities and challenges of investing in least-developed states. Somalia is working to lift itself out of years of conflict and poverty — and that includes amping up the work of the Somali Development and Reconstruction Bank so that the country can better mobilize private sector investment. As governor of the bank, Hodan Osman is helping to spearhead that effort.
Devex CheckUp: What are the new US global health priorities?

1 week ago | devex.com | Jenny Lei Ravelo

As U.S. Agency for International Development programs get integrated into the State Department, here’s our key question: Which global health programs will continue to be supported under this new arrangement? An Excel sheet and PowerPoint slides — dated April 8 — obtained by Devex has some answers, identifying some of the priorities that willstill receive support from the State Department. And some that won’t.
Devex Newswire: Trump aid cuts rattle the UN’s humanitarian capital

1 week ago | devex.com | Helen Murphy

Geneva, once the heart of global diplomacy, is in crisis as the U.S. aid cuts wrought by the White House trigger layoffs, frozen projects, and shrinking influence. Major agencies like WHO and UNAIDS are scaling back, with warnings of deadly consequences. Also in today’s edition: Cyprus is stepping into the race for the U.N. General Assembly presidency.