What’s Really “In It” for Private Investors in Emerging Markets?

Mobilising private capital has become central to development finance and to the future of the International Finance Corporation (World Bank Group) itself. In this episode of Think Change, we unpack what private capital mobilisation actually means in practice, and why it has become such a defining measure of success.We explore the pressures facing the IFC, the changing expectations of global and institutional investors, and what’s really “in it” for the private sector as well as for development outcomes in emerging markets.GuestsSara Pantuliano, (host), Chief Executive, ODI GlobalAlfonso García Mora, Vice President for Europe, Latin America and the Caribbean, International Finance Corporation (World Bank Group)Nazmeera Moola, Chief Commercial Officer, Private Markets at Ninety OneMartin Koehring, ODI Principal Research Fellow and Head of the Centre for Private Finance in Development

How do wars actually end, and what does it take to make peace lasting and just? What lessons has the world still not learned about how wars end?In collaboration with Conciliation Resources, this episode reflects on what past conflicts can teach us about the pathways out of war, what current wars might tell us about the limits and possibilities of peacemaking today, and how peace processes can be designed to be not only durable but also just and inclusive. Looking ahead, we ask: in a world of increasing geopolitical tension and fragmented global governance, how might wars end in the future, and what role can civil society, diplomacy and public engagement play in making peace possible?GuestsSara Pantuliano (host), Chief Executive, ODI GlobalSanam Naraghi Anderlini, Founder and CEO, International Civil Society Action Network (ICAN)Jonathan Cohen, Executive Director, Conciliation ResourcesClaire Hajaj, Executive Director, Inter MediateJago Salmon, Principal Policy Fellow, ODI GlobalThis episode is dedicated to Nicholas “Fink” Haysom – a close friend and an extraordinary figure in global peacebuilding.Over a lifetime of service, Haysom played a pivotal role in some of the world’s most complex conflicts, from supporting Nelson Mandela during South Africa’s democratic transition to leading UN missions and peace processes across Burundi, Sudan, Sri Lanka and beyond. He was widely respected not only for his expertise, but for his integrity, humility, and deep commitment to dialogue as a path to lasting peace.For those who knew him, his loss is deeply personal. This episode honours his legacy and the values he lived by, and reflects on the responsibility to carry that work forward.

Across many countries, legislative strategies are increasingly being used to roll back hard-won rights related to gender and bodily autonomy.This International Women's Day, we're asking: what can be done at national and multilateral levels to resist further erosion of sexual and reproductive rights worldwide?This episode explores the political and ideological forces behind the growing politicisation of Women's Sexual Health and Reproductive rights, the weaponisation of gender issues globally.Building on new evidence on efforts to undermine safe abortion - Sierra Leone, efforts to restrict LGBTQ+ rights in Kenya, and initiatives to reverse the ban on female genital mutilation (FGM) in The Gambia - we examine the narratives that allow these agendas to gain traction and the role our institutions play in safeguarding rights.GuestsSara Pantuliano, Chief Executive, ODI Global (host)Aatif Somji, Senior Research Officer, Gender Equality and Social Inclusion ODI GlobalSatang Nabaneh, Director of Programs for the Human Rights Center at the University of Dayton, and Member of the African Committee of Experts on the Rights and Welfare of the Child (ACERWC)Maria Antonieta Alcalde Castro, Incoming Director General of the International Planned Parenthood FederationRelated resourcesNavigating the politics of backlash: women's rights and repealing the FGM ban in The Gambia (Working Paper, ODI Global)Think Change episode 85: Algorithms and online misogyny – how do we fix a system built to harm women? (Think Change podcast, ODI Global)Research series: Navigating the politics of backlash to sexual & reproductive rights (Research series, ODI Global)

Why is abundant global capital is not translating into stronger productive investment, and what role the G20 can play in shaping a more resilient and sustainable capital flows framework in an increasingly fragmented global economy?Global finance has demonstrated considerable resilience despite persistent economic uncertainty, geopolitical tension and worsening debt dynamics. Capital flows and investment remain central to economic performance - particularly in emerging and developing economies.Yet assets held by non-bank financial institutions have expanded rapidly, reaching an estimated US$250 trillion, around 400% of GDP in advanced economies. At the same time, real investment as a share of GDP across many emerging and advanced economies has stagnated or declined since the 2008 global financial crisis.Persistent frictions, coordination failures and mispriced risk continue to constrain capital mobilisation for productivity-enhancing investment. Closing this gap is critical for long-term growth and sustainable development.If capital is abundant, why is productive investment lagging? And in an increasingly fragmented global economy, what role can the G20 play in shaping a more resilient and sustainable capital flows framework?GuestsSara Pantuliano (host), Chief Executive, ODI GlobalAli Cakiroglou, Director of Emerging Markets Research, HSBCMarcello Carvalho, Former Global Chief Economist, BNP ParibasPhyllis Papadavid, Senior Research Fellow, International Economic Development Group, ODI GlobalRelated resourcesTowards a G20 framework for capital flows to EMDEs: informing the UK Presidency (Expert comment, ODI Global)The case for a G20 liquidity shield amid geoeconomic fragmentation (Expert comment, ODI Global)

Europe is again confronting war on its continent at a moment when old assumptions and rules about security are breaking down. Alliances feel less certain, deterrence less predictable, and responsibility more contested.Military-first, state-centric models of security are dominating the debate. But this narrow view doesn't capture the overlapping risks shaping the world Europe now faces – from conflicts and humanitarian crises to climate stress, tech disruption and deepening trust between major powers.Rearmament alone isn't enough. Social cohesion, energy security, resilience and political legitimacy are just as central to what security looks like in practice.In this episode, our guests explore how security should be redefined – who bears responsibility, how risks are understood, and what must change in policies and institutions if Europe is to navigate a more complex and contested world.GuestsSara Pantuliano (host), Chief Executive, ODI GlobalBenedetta Berti, Secretary General of the NATO Parliamentary Assembly Ingeborg Denissen, Deputy Director of Security Policy, Netherlands Ministry of Foreign AffairsDora Meredith, Director, ODI Europe Related resourcesThe security we need: rebalancing military spending for a sustainable and peaceful future (Event video recording, ODI Global)How is Ukraine redefining global security? (Think Change podcast, ODI Global)Read more about ODI Europe

A year into Trump’s second term, guests examine how India, China, Russia and other big powers are recalibrating strategies in a shifting global order.2026 has already been marked by significant geopolitical upheaval. US military intervention in Latin America points to a wider trend: the return of a world order shaped by hard power, where rules and international law are increasingly sidelined.The international landscape is rapidly evolving. But how are other major powers responding? How is this impacting international financial markets?This episode explores how India, China, Russia and other big powers are changing their strategies in response to this new phase of US foreign policy. Moving beyond the usual focus of what’s happening in Washington, D.C., it examines the perspectives of other key regions and how these shifts are redefining their economic interests, and defence and security agendas. GuestsSara Pantuliano (host), Chief Executive, ODI GlobalH.E. Fatafehi Fakafānua, The Prime Minister of Tonga  Mr. Manish Singh, Chief Investment Officer Cross Bridge Capital Dr Rebecca Nadin, Director of Global Risks and Resilience and The Centre for Geopolitics of Global Change at ODI GlobalRelated resourcesTrump’s Monroe Doctrine 2.0 redefines great power competition in the Americas - now it's Beijing's move (Insight, ODI Global)The year ahead in global risks: foresight for a world in transition 2026 (Insight, ODI Global)The Centre for Geopolitics of Global Change (ODI Global)The Resilient and Sustainable Islands Initiative (ODI Global)

As global leaders gather in Davos later this month amid shrinking aid budgets and hardening geopolitical priorities, development finance is being recast through the language of investment – raising urgent questions about who shapes this new model, who carries the risk, and who benefits.Development finance is entering a period of profound transition. Traditional aid models are under strain, squeezed by fiscal pressure, political fragmentation and shifting global priorities. In their place, investment-led approaches, from impact investing and blended finance to philanthropic capital and deeper private sector engagement, are gaining prominence as the future of development.In this episode of Think Change, we examine what this shift looks like in practice. How is capital being deployed across Africa and other emerging markets? What role do micro, small and medium enterprises (MSMEs) play in translating finance into inclusive growth? And how viable is the move from grants to risk-tolerant investment in fragile and underserved contexts?Experts discuss where impact investing is delivering real outcomes, where expectations may be overstated, and how power, incentives and accountability are shifting as development increasingly speaks the language of capital.As Davos conversations turn towards mobilising private finance and redefining global cooperation, the episode asks whether investment genuinely deepen development, rather than simply reshaping it in the image of existing markets.GuestsSara Pantuliano (host), Chief Executive, ODI GlobalAmit Bouri, Co-Founder and CEO, Global Impact Investing Network (GIIN) Neil Gregory, Senior Advisor to ODI Global's Centre for Private Finance in DevelopmentDorothy Nyambi, President and CEO, Mennonite Economic Development Associates (MEDA)Related resourcesIRIS+Impact PrinciplesImpact Investor Survey

After a year of extraordinary upheaval, this special episode looks ahead to the forces set to shape 2026. From deep aid cuts and accelerating AI to renewed geopolitical tension, political violence and humanitarian catastrophe, guests explore what a fractured global landscape means for democracy, development and the future of international cooperation.2025 has tested the resilience of the international system. Aid budgets have been slashed, debt pressures have mounted across low-income countries, and rapid advances in artificial intelligence have outpaced political and regulatory responses. At the same time, political violence, democratic backsliding and public dissent have intensified while humanitarian crises and genocide continue to expose the limits of existing multilateral responses.Against this backdrop, global power is fragmenting as supply chains are being reshaped, economic nationalism is on the rise, and geopolitical competition is increasingly defining how states engage with one another.Tune in as we explore how dynamics of technological disruption, economic stress and geopolitical realignment are redefining cooperation and what realistic shifts could help strengthen global governance and collective action as we move into 2026.GuestsSara Pantuliano (host), Chief Executive, ODI GlobalComfort Ero, CEO, Crisis Group Sir Vince Cable, Former Secretary of State for Business and Trade and Distinguished Fellow, ODI Global Dr. Urvashi Aneja, Founder, Digital Futures Lab Related resourcesDonors In A Post-Aid World December 2025 updateThink Change episode 61: what trends will shape 2025?How geopolitical fragmentation is reshaping finance for emerging markets

After one of the most challenging years for the humanitarian system, Sudan offers both a stark warning and a source of new thinking. This episode of Think Change examines how local actors are reshaping aid around solidarity, dignity and community leadership.Sudan’s crisis is unfolding at an extraordinarily difficult moment. Since violence escalated in April 2023, state institutions have collapsed, essential services have disappeared and millions have been displaced. Yet despite the scale of suffering, the conflict has remained one of the world’s least visible, receiving minimal political attention and limited media coverage.But as formal systems fell away, communities themselves stepped forward. Mutual aid networks – most prominently the Emergency Response Rooms (ERRs) – have grown out of Sudan’s long history of neighbourhood organising and now play a central role in protecting civilians, coordinating life-saving assistance and sustaining basic services. Operating as volunteers with scarce resources, they have become the only functioning governance structures in many areas.At the same time, global recognition of their efforts is growing. The ERRs’ innovation and courage have earned nominations for the Nobel Peace Prize in both 2024 and 2025, highlighting not only the impact of their work but also the larger challenge they pose to international actors: to reconsider power, legitimacy and the role of civic leadership when states can no longer function.With Sudan’s future hanging in the balance, the questions are urgent. What does genuine locally led leadership look like in a moment of institutional collapse? How can global actors support community-driven resilience without undermining it? And what might the ERRs’ example mean for the future of humanitarian action worldwide?GuestsSara Pantuliano (host), Chief Executive, ODI GlobalAlsanosi Adam, External Communications Coordinator for the Emergency Response Rooms of SudanLuka Biong Deng, Adjunct Professor at the Institute of Peace, Development and Security Studies; Former National Minister of Cabinet Affairs of Sudan & Minister in the Office of the President of South SudanDenise Brown, United Nations Resident Coordinator in Sudan Freddie Carver, Director, Humanitarian Policy Group, ODI GlobalRelated resourcesFrom 'ego-systems' to 'ecosystems': renewing humanitarian action (Publication, ODI Global)ODI Global and NEAR's advisory panel on the future of humanitarian actionODI Global's Sudan resources hub

Online misogyny is becoming a defining feature of digital life, amplified by algorithms and enabled by platforms that fail to protect users. As violence against women intensifies across online spaces, the stakes for gender equality and for democracy itself have never been higher.Violence online is surging at a moment when digital spaces should be becoming more inclusive. Algorithms reward outrage, platform design obscures abuse, and hostile online communities allow those who target women to organise and radicalise. As a result, violence that begins online increasingly spills into public life.But the consequences go far beyond individual harm. Abuse aimed at women in politics is already deterring them from seeking re-election, while global progress on gender equality is slowing. With governments struggling to regulate fast-moving platforms and profit incentives working against user safety, digital spaces are becoming sites where exclusion is reproduced at scale.With the stakes rising, the questions are pressing. What is driving this rapid escalation in online misogyny? How are design choices and political inaction enabling it? And what would it take to turn digital spaces into environments that strengthen equality rather than deepen exclusion?GuestsSara Pantuliano (host), Chief Executive, ODI GlobalSasha Havlicek, CEO & Founder, Institute for strategic dialogue Seyi Akiwowo, Author, How To Stay Safe Online and Founder 21/20 StudiosDiana Jiménez Rodriguez, Senior Research Officer, ODI Global Related resourcesHidden in plain sight: how the infrastructure of social media shapes gender norms | ALIGN PlatformDigital sexual violence against women in Mexico: role of the Olimpia Law in transforming underlying gender norms | ALIGN PlatformSocial media, violence and gender norms: the need for a new digital social contract | ALIGN PlatformDrivers of tech-facilitated GBV in Mexico: A behavioural research study in Oaxaca and Estado of México | ALIGN PlatformWhy online safety policies and digital advocacy are essential for women’s political participation | ALIGN PlatformBreak the bias to challenge gender norms on social media | ODI Global