US seeks free-market private investment deals over development assistance as experts warn of ripple effects
The Trump administration is continuing to pressure the United Nations and the international aid sector more broadly to adopt trade-focused policies to benefit US firms – or face the threat of further budget cuts.
Donald Trump’s second term has already seen USAID suffer mass layoffs and have its remaining operations folded into the state department, with a ripple effect across the globe that has many experts warning will cost thousands of lives as vital programs are cut.
The Trump administration has also largely suspended support for agencies, including the World Health Organization, the UN human rights council and the UN’s cultural body Unesco.
Last week the Trump administration unveiled a “trade over aid” initiative at the United Nations, outlining a shift away from donor-focused development assistance toward greater private investment, or what it says is “an international economic development vision built on free markets”.
