Germany’s finalized 2027 draft budget confirms a 6% development cut — slashing crisis reconstruction by 38% even as total federal spending grows via defense-exempt borrowing.
Oxfam GB gets back on track. Plus, a scoop on new funding for tropical forests. A storied INGO tries to turn the page on a series of scandals.
Also in today’s edition: Who’s helping Nepal in the wake of deadly flash flooding, and East Africa braces for its own possible coming deluge.+ As aid budgets shrink, impact investing offers a way to direct private capital toward social and environmental challenges. Join us tomorrow, Sept. 2, for a Devex Pro Briefing that explores the fundamentals of impact investing, including the key players, emerging trends, and where impact capital fits. This briefing provides a practical guide on when and how NGOs and social enterprises can access this capital and become investment-ready.
Oxfam GB’s leadership clash that started last year got downright nasty. Former CEO Halima Begum accused the charity of “brutally” dismissing and stigmatizing her and the former board chair of making her feel “humiliatingly infantilized.” The charity hit back, saying an independent review found “substantive and very serious concerns” about Begum’s conduct, decision-making, and leadership style.
From private money to digital divides, world leaders in Aspen grapple with the future of the sector.
Few places in the world where leaders gather to discuss global problems can rival Aspen, Colorado, in the summer. Nestled in picturesque mountains and surrounded by some of the most expensive homes on the planet, this is a village where the bagel shop sells caviar, and, on the drive in, a moose ambled down the roadside. Something for everyone.
Each summer you’ll find here some of the most powerful people in the world — their hair down, adorned in mountain chic — gathered to consider, and even shape, the future.
Much of the hobnobbing happens at Aspen Institute events throughout the summer, including the high-powered Aspen Security Forum that took place last month. It was on the sidelines of that national security convening that a group of around 40 honchos — leaders of major philanthropies, aid agency chiefs, former members of the U.S. Congress, prominent social entrepreneurs, and influential thinkers — got together to debate the future of global development. Organized by the Aspen Global Innovators Group, the closed-door retreat was convened by Peggy Clark and Jim Pickup and steered by co-chairs Henrietta Fore and John Nkengasong.
Moving toward trust-based, flexible funding models that give community-rooted organizations the freedom to lead.
