Latin America and Africa paths diverge amid global shocks

Latin America and Africa paths diverge amid global shocks

A tale of two continents is unfolding in the global development landscape as Latin America embraces a surge of private investment while Africa grapples with severe economic aftershocks from geopolitical conflict in the Middle East.

At the recent Inter-American Development Bank meetings, an atmosphere of intense optimism prevailed, fueled by the region's 63% renewable energy matrix and the attendance of over 1,600 private sector leaders. High-impact projects such as the 2,300-mile Bi-Oceanic Corridor, designed to slash trade routes to Asia by 17 days, and the Lac Minerals initiative for lithium processing, signal a robust new era of regional integration and industrial growth.

In stark contrast, many African nations face a deepening crisis as volatility in the Middle East has driven fuel prices up by as much as 77% in cities such as Mogadishu. These inflationary pressures are devastating for informal workers and humanitarian efforts, with the World Food Programme facing skyrocketing insurance costs and delayed shipping routes that bypass the Red Sea.

With traditional aid from the West decreasing, both regions are increasingly looking toward south-south cooperation and Gulf investments to secure their economic futures.

To dig into these stories, Business Editor David Ainsworth sits down with Devex reporters Jesse Chase-Lubitz and Ayenat Mersie for the latest episode of our weekly podcast series.

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Episoder(244)

Special Edition: AI in practice: Bridging the implementation gap

Special Edition: AI in practice: Bridging the implementation gap

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Special edition: Reimagining financing for development and growth

Special edition: Reimagining financing for development and growth

The fundamental question of how development and growth are financed is undergoing a profound transformation. Over the course of a series of original essays and op-eds, The Next Frontier – a Devex seri...

2 Okt 33min

Inside the US global health overhaul and Buffett's philanthropic strategy

Inside the US global health overhaul and Buffett's philanthropic strategy

The United States is set to implement one of the biggest overhauls of its global health assistance in decades. The new strategy will reshape how billions of dollars flow to 35 countries, shifting grea...

1 Okt 35min

The Power to Decide: Reclaiming Sovereignty in a Digital Era

The Power to Decide: Reclaiming Sovereignty in a Digital Era

In this special edition episode of This Week in Global Development, sponsored by Public Digital, Devex's Alan Robbins sits down with Public Digital's Lauren Kahn and Mike Bracken CBE. Recorded at Deve...

30 Sep 29min

Global Progress in the AI Era: As Anthropic urges caution on AI, its ‘beneficial deployments’ work grows

Global Progress in the AI Era: As Anthropic urges caution on AI, its ‘beneficial deployments’ work grows

Anthropic co-founder and CEO Dario Amodei made headlines recently by calling for slowing the development of increasingly powerful AI models to give safety measures time to catch up. That only increase...

25 Sep 30min

Live from UNGA: Navigating the new era of multilateralism

Live from UNGA: Navigating the new era of multilateralism

This week we are closely tracking the conversations at the 81st session of the United Nations General Assembly and what they mean for the global development sector. From U.S. President Donald Trump’s ...

24 Sep 20min

The Gates Foundation's latest AI pledge, and a look ahead to UNGA 81

The Gates Foundation's latest AI pledge, and a look ahead to UNGA 81

This week, we report on the Gates Foundation’s 2026 Goalkeepers Report, which includes a $1 billion pledge to make AI more inclusive. The funding aims to expand access across health, education, agricu...

17 Sep 38min

Special edition: The real funding gap isn't money

Special edition: The real funding gap isn't money

In this special episode of the This Week in Global Development podcast, sponsored by Rippleworks, Devex Senior Editor for Special Coverage Catherine Cheney sits down with Doug Galen, CEO of Ripplework...

15 Sep 32min

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