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Unleashing the Power of Business to Change the World — Raj Kumar

In Pursuit of Development

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The Importance of Accountability

More and more bilateral aid is going to humanitarian response, not to long-term development. As you see more conflict, as you see climate driving more migration and more disasters, that trend I think is going to continue. And so I look at it to the future, and I think we have a future where bilateral aid becomes largely about humanitarian response. Long-term development space will be filled by multilateral development banks working with private sector on investable areas like renewable energy or transport.

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