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Harvard Center for International Development  

Harvard Center for International Development

Incredible progress has been made throughout the

Author: Harvard Center for International Development

Incredible progress has been made throughout the world in recent years. However, globalization has failed to deliver on its promises. As problems like unequal access to education and healthcare, environmental degradation, and stretched finances persist, we must continue building on decades of transformative development work. The Center for International Development (CID) is a university-wide center based at the Harvard Kennedy School that seeks to solve these pressing development problemsand many more. At CID, we believe leveraging global talent is the key to enabling development for all. We teach to build capacity, conduct research that guides development policy, and convene talent to advance ideas for a thriving world. Addressing todays challenges to international development also requires bridging academic expertise with practitioner experience. Through collaborative, in-country partnerships, CIDs research programs, faculty, and students deploy an analytical framework and context-dependent approaches to tackle development problems from all angles, in every region of the globe.
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Rethinking Development Finance: Impact, Leverage, and the Private Capital Push
Thursday, 16 April, 2026

This episode of CID Voices explores how development finance institutions have evolved from counter-cyclical lenders during the financial crisis into impact-driven investors operating under mounting fiscal scrutiny. The conversation moves through the tensions shaping DFIs today: the push toward private capital mobilization and what it means for additionality, the segregation of capital pools across risk and return profiles, the challenges of local currency financing in emerging markets, and the growing pressure from governments to instrumentalize DFIs as part of national strategies. It closes on the geopolitical turn in development finance, including the DFC's reframing around national security, and what a future that blends development, climate, and defence finance might look like.

 

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