05/23/2026
Great read as we re-imagine International Development
"The ‘development system’ as we’ve known it for decades is facing a twin crisis. First is a crisis of solvency: official development assistance (ODA) fell by roughly $50 billion between 2024 and 2025. Core development finance is down 26%, humanitarian funding down 36%. Second – and perhaps more fundamental – it is facing a crisis of legitimacy: the benevolent donor model is running out of moral capital at exactly the moment it has run out of money."
The 'development system' as we've known it faces a twin crisis of finance and legitimacy. A new model for development cooperation must urgently be built – shaped by transformative shifts across power, finance and technology.