Will Obama’s “New Africa” Deliver on Its Promises?

As the three-day U.S- Africa Leaders Summit here drew to a close Wednesday, experts across the private, public and non-profit sectors continued to debate the opportunities and obstacles posed by the U.S’ expanding business partnership with Africa.

U.S. Debating “Historic” Support for Off-Grid Electricity in Africa

Pressure is building here for lawmakers to pass a bill that would funnel billions of dollars of U.S. investment into strengthening Africa’s electricity production and distribution capabilities, and could offer broad new support for off-grid opportunities.

U.S. Foreign Aid Approach Is Outdated, Experts Say

U.S. foreign aid is becoming increasingly outdated, analysts here are suggesting.

World Bank to Double Lending to Middle-Income Countries

The World Bank is aiming to double its lending to middle-income countries over the coming decade, in addition to expanding its overall commitments to some 70 billion dollars a year.

IMF Urges Redistribution to Tackle Growing Inequality

The International Monetary Fund (IMF) is wading strongly into the global debate over the impact of growing income inequality, offering a series of controversial findings that push back on long-held economic orthodoxy – of which the fund itself has long been a key proponent.

USAID Unveils Five-Year Plan in Afghanistan

Even as most international military forces are slated to leave Afghanistan by the end of 2014, USAID, the foreign aid arm of the U.S. government, is emphasising its sustained commitment to developing Afghanistan’s economy after the withdrawal.

Four Years Later, USAID Funds in Haiti Still Unaccounted For

As the fourth anniversary of the devastating earthquake in Haiti approaches on Jan. 12, development analysts are decrying an ongoing lack of transparency in U.S. foreign aid to the country, even as those assistance streams are drying up.

World Bank Raises 52b Dollars for Poorest Countries

The World Bank has raised some 52 billion dollars, a record amount, for its fund for development in the world’s poorest countries, though some are expressing concerns over the terms under which some of this money is being offered by donor governments.

Keeping the Philippines from Becoming Another Haiti

Nearly two weeks after Typhoon Haiyan devastated parts of the central Philippines, experts and activists here are warning that post-disaster reconstruction needs to be more transparent than past such efforts, while also focusing on a long-term assistance strategy that goes beyond immediate emergency relief.

Widening Inequality Shatters Mirage of Social Mobility

Growing income inequality will pose a major threat to social stability in countries around the globe, according to a new report by the World Economic Forum.

U.S.-Africa Trade Mostly Benefits Oil, Textiles

With a key U.S.-Africa trade agreement up for renewal in 2015, advocates on all sides of the issue say current policies are rife with shortcomings that leave many African businesses out in the cold.

Tallying the Benefits of Climate Action

More than a half-dozen governments on Tuesday launched a yearlong collaborative investigation into the economic benefits of taking broad action to combat global climate action.

U.S. Debates Climate Impact of Development Investments

A debate is heating up here over the extent to which U.S. government-facilitated private-sector development investments should be required to take into account how those ventures impact on climate change.