Mobilising private capital has become central to development finance and to the future of the IFC 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 International Finance Cooperation (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.

Guests

• Sara Pantuliano, (host), Chief Executive, ODI Global
• Alfonso García Mora, Vice President for Europe, Latin America and the Caribbean, International Finance Cooperation
• Nazmeera Moola, Chief Commercial Officer, Private Markets at Ninety One
• Martin 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?

Guests

• Sara Pantuliano (host), Chief Executive, ODI Global
• Sanam Naraghi Anderlini, Founder and CEO, International Civil Society Action Network (ICAN)
• Jonathan Cohen, Executive Director, Conciliation Resources
• Claire Hajaj, Executive Director, Inter Mediate
• Jago Salmon, Principal Policy Fellow, ODI Global

This 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.

Guests

• Sara Pantuliano, Chief Executive, ODI Global (host)
• Aatif Somji, Senior Research Officer, Gender Equality and Social Inclusion ODI Global
• Satang 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 Federation

Related resources

Navigating 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?

Guests

• Sara Pantuliano (host), Chief Executive, ODI Global
• Ali Cakiroglou, Director of Emerging Markets Research, HSBC
• Marcello Carvalho, Former Global Chief Economist, BNP Paribas
• Phyllis Papadavid, Senior Research Fellow, International Economic Development Group, ODI Global

Related resources

• Towards 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.

Guests

• Sara Pantuliano (host), Chief Executive, ODI Global
• Benedetta Berti, Secretary General of the NATO Parliamentary Assembly
• Ingeborg Denissen, Deputy Director of Security Policy, Netherlands Ministry of Foreign Affairs
• Dora Meredith, Director, ODI Europe

Related resources

• The 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.

Guests

• Sara Pantuliano (host), Chief Executive, ODI Global
• H.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 Global

Related resources

• Trump’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.

Guests

• Sara Pantuliano (host), Chief Executive, ODI Global
• Amit Bouri, Co-Founder and CEO, Global Impact Investing Network (GIIN)
• Neil Gregory, Senior Advisor to ODI Global's Centre for Private Finance in Development
• Dorothy Nyambi, President and CEO, Mennonite Economic Development Associates (MEDA)

Related resources

• IRIS+
• Impact Principles
• Impact 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.

Guests

• Sara Pantuliano (host), Chief Executive, ODI Global
• Comfort 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 resources

• Donors In A Post-Aid World December 2025 update
• Think Change episode 61: what trends will shape 2025?
• How geopolitical fragmentation is reshaping finance for emerging markets