The Hidden Economics of Remarkable Women (HERO)

The number of people exposed to floods globally has surged by nearly 25 percent since 2000, with Africa experiencing the most dramatic increase. Floods this spring were especially brutal in East Africa, killing nearly 530 people and most heavily impacting Kenya. On today’s episode of the Hidden Economics of Remarkable Women, we analyze the relationship between climate and gender equality. Host Reena Ninan begins by hearing from Nairobi-based reporter Eunice Maina, who spoke with a family deeply impacted by the spring floods. They dig deeper into how these floods and climate change in general disproportionately affect women and children. Then, Ninan speaks with Tariye Gbadegesin, the CEO of the Climate Investment Funds. It is one of the world’s largest multilateral climate funds, and a significant portion of their work targets women and girls. We recorded this interview during the annual World Bank-International Monetary Fund meetings in October. Guests and organizations:  Eunice Maina, journalist based in Nairobi, Kenya. This is her fifth time reporting for HERO.  Tariye Gbadegesin, CEO, Climate Investment Funds The Hidden Economics of Remarkable Women is a podcast from Foreign Policy, supported in part this season by the Gates Foundation, Northwestern University’s Roberta Buffett Institute for Global Affairs, and the Atlantic Council. Learn more about your ad choices. Visit megaphone.fm/adchoices

As global public debt reaches historic highs, one of the key solutions is increasing the amount of funding for “concessional” loans—or ones with very good terms. That is where the World Bank’s International Development Association (IDA) comes in. According to the World Bank, the IDA is the world’s largest source of development finance for countries most in need. It provides low-income countries with grants and loans with little to no interest. Every three years, the IDA has to raise funds from its members: donor countries. Its final replenishment meeting, where it will announce how much money it is able to raise, will take place on Dec. 5 and 6 in Seoul. The stakes are high as this critical deadline looms. On today’s episode of the Hidden Economics of Remarkable Women, host Reena Ninan speaks with two experts who care deeply about the IDA and financing for the world’s poorest countries. Ninan talks to Gargee Ghosh, president of global policy and advocacy for the Gates Foundation, and Mavis Owusu-Gyamfi, president and CEO of the African Center for Economic Transformation (ACET), at the Atlantic Council’s International Monetary Fund recording studio. They share their deep expertise about what really works in supporting women and girls, as well as reducing poverty. Guests and organizations:  Gargee Ghosh, president of global policy and advocacy for the Gates Foundation Mavis Owusu-Gyamfi, president and CEO of ACET The Hidden Economics of Remarkable Women is a podcast from Foreign Policy, supported in part this season by the Gates Foundation, Northwestern University’s Roberta Buffett Institute for Global Affairs, and the Atlantic Council. Learn more about your ad choices. Visit megaphone.fm/adchoices

Thousands of Kenyans protested against a finance bill in June that would have increased taxes on many everyday items. This was proposed in part to help pay off loans from the International Monetary Fund (IMF) and World Bank, which account for more than 40 percent of the country’s foreign debt. But what is Kenya’s current fiscal climate? And how are these debts impacting gender equality? On today’s episode of The Hidden Economics of Remarkable Women, host Reena Ninan talks with Nairobi-based reporter Sharon Kiburi, who has been following Kenya’s debt crisis. Kiburi tells Ninan about her interview with Wanjira Wanjiru, a protest leader against the June finance bill, co-founder of the Mathare Social Justice Centre in Nairobi, and co-host of the Liberating Minds podcast. Then, we hear from Diana Gichengo, the executive director of the Institute for Social Accountability (TISA). She discusses TISA’s efforts to engage with the IMF about their program in Kenya, which is largely expected to end in March. Gichengo spoke on a panel organized by Transparency International U.S. and moderated by the Trust, Accountability, and Inclusion (TAI) Collaborative on the sidelines of the IMF/World Bank meetings in October. Guests and organizations:  Sharon Kiburi, journalist based in Nairobi. This is her second time reporting for HERO. Wanjira Wanjiru, co-founder of the Mathare Social Justice Centre and co-host of the Liberating Minds podcast Diana Gichengo, executive director of the Institute for Social Accountability in Kenya   The Hidden Economics of Remarkable Women is a podcast from Foreign Policy, supported in part this season by the Gates Foundation, Northwestern University’s Roberta Buffett Institute for Global Affairs, and the Atlantic Council. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Hidden Economics of Remarkable Women is back for a very special seventh season. If you’re a longtime listener, you’ll know our show generally focuses on women from the global majority, or the global south. But this time, we wanted to cover the banks and institutions shaping global funding—particularly as the world faces an unprecedented amount of governmental debt. According to the International Monetary Fund (IMF), global public debt is expected to top $100 trillion by the end of this year, its highest level ever. Many countries are facing painful choices about how to spend fewer resources, including on programs critical to women and girls. We recorded most of our interviews at the IMF and World Bank annual meetings in late October, right before the U.S. presidential election. Here, financial leaders decide how to spend billions of dollars on top development priorities, such as poverty reduction, climate change, and gender equality. We’ll try to answer some big questions this season: How are countries and multilateral institutions grappling with so much government debt? What are they doing to prepare for the new U.S. administration? And how is all this impacting the fight for gender equality? For the season premiere, we wanted to start by looking at what has worked in the past. We talk to two incredible women who have both been finance ministers and leaders at multilateral institutions about how they have advanced women and girls economically. Guests and organizations:  Christine Lagarde, the president of the European Central Bank and the former head of the IMF Malado Kaba, the former head of gender at the African Development Bank and current managing director of Falémé Conseil First, host Reena Ninan speaks with Christine Lagarde, the president of the European Central Bank, the former head of the International Monetary Fund, and former finance minister of France. She is the first woman ever to hold any of these roles. Lagarde was also named by Forbes as the No. 2 most powerful woman in the world last year. Special thanks to our media partner for this season, the Atlantic Council. They hosted Lagarde at an event during the IMF and World Bank meetings right before our interview. Then, Reena interviews Malado Kaba, the former director of the Gender, Women, and Civil Society Department of the African Development Bank. She was also the first ever female finance and economy minister for the Republic of Guinea. Kaba is currently the managing director of Falémé Conseil, a consultancy firm focused on African economic growth. The Hidden Economics of Remarkable Women is a podcast from Foreign Policy, supported in part this season by the Gates Foundation, Northwestern University’s Roberta Buffett Institute for Global Affairs, and the Atlantic Council. Learn more about your ad choices. Visit megaphone.fm/adchoices