Development funding is in crisis. What now? With Mark Suzman
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Development funding is in crisis. What now? With Mark Suzman

36:27 Aug 4, 2025
About this episode
The first two decades of the 21st century were a golden age for global development. International co-operation and funding drove remarkable progress in the developing world. Now, that progress threatens to stall as wealthy nations, including the US and UK, withdraw their support. A global meeting held in Spain last month ended with a new international agreement, the Seville Commitment, on funding development – but will it succeed where others have failed? What role do rich countries, and organisations such as the World Bank, have to play? And will anyone be willing to relieve developing nations of their onerous debt obligations? Financial Times associate editor Pilita Clark speaks to Gates Foundation chief executive Mark Suzman.Want more? Free links:Trump shadow hangs over global development talksDevelopment funds dash for donor cash at World Bank and IMF meetingsPilita Clark is an associate editor and business columnist at the FT. You can read her columns here: https://www.ft.com/pilita-clark Follow Pilita on Bluesky or X: @pilitaclark.bsky.social? or @pilitaclarkSubscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.Presented by Pilita Clark. Produced by Mischa Frankl-Duval. Flo Phillips is the executive producer. Manuela Saragosa is the FT’s acting co-head of audio. Original music and sound design by Breen Turner.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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