With the knives out on development spending, have we reached ‘peak aid’? | Nilima Gulrajani and Jessica Pudussery
From Trump’s Project 2025 to a huge aid cut by the Dutch, donors are turning their backs on the developing world
Foreign aid spending reached a record high of $223bn (£180bn) in 2023, new figures released this week from the Organisation for Economic Co-operation and Development (OECD) confirmed.
Yet, in 2024, eight wealthy countries announced $17.2bn in cuts to official development assistance (ODA), and three others hinted at reductions, all to take effect over the next five years.
Continue reading...
Read more at The Guardian
Topics
-
David Einhorn says we have reached the 'Fartcoin' stage of the market cycle
"We have reached the 'Fartcoin' stage of the market cycle," Einhorn wrote in an investor letter obtained by CNBC.CNBC - 1d -
Austin Tice's mother returns to Syria, says Trump officials 'have already reached out'
The mother of U.S. journalist Austin Tice says she has been in contact with incoming Trump administration officials about locating her son, who has been missing in Syria since 2012. “I have great ...The Hill - 2d -
First aid deliveries reach Gaza, says UN World Food Programme
Yahoo News - 3d -
Jessica Alba confirms she and Cash Warren have broken up, will 'embark on a new chapter'
Jessica Alba confirmed Thursday that she and Cash Warren, her husband of 16 years, have split. Divorce rumors have swirled around the couple for days.Los Angeles Times - 6d -
Has China already reached peak oil?
The country’s demand for crude seems to be plateauing sooner than expected. The implications are hugeFinancial Times - Jan. 16 -
‘We need to be in the room’: DOGE Caucus Democrat works with GOP to slash spending
Rep. Val Hoyle (D-Ore.), a member of the new House caucus partnering with President-elect Trump’s announced Department of Government Efficiency, joins Meet the Press NOW to discuss the bipartisan ...NBC News - Jan. 8 -
Time runs out on Biden’s aid to Ukraine — and on Putin’s nuclear threats
There probably was less to Russia’s nuclear threats than the Biden administration made of them.The Hill - Jan. 3 -
Ron Johnson: Reducing 'out of control' government spending is not only 'reasonable but doable'
Sen. Ron Johnson (R-Wis.) doubled down on a conservative plan to reduce government spending with new proposals outlined in an op-ed published by The Wall Street Journal. “Federal spending is out of ...The Hill - Jan. 2
More from The Guardian
-
Revealed: Microsoft deepened ties with Israeli military to provide tech support during Gaza war
Leaked documents shed light on how Israel integrated the US tech giant into its war effort to meet growing demand for cloud and AI tools. The Israeli military’s reliance on Microsoft’s cloud ...The Guardian - 2h -
‘Very minor incidents’: Trump defends January 6 pardons in first interview since inauguration
In interview with Fox News host Sean Hannity, US president also hinted that predecessor Joe Biden made an error by not pardoning himself. US politics – live updates Donald Trump has described ...The Guardian - 7h -
Middle East crisis live: US secretary of state stresses need to ‘continue implementation’ of ceasefire deal
Marco Rubio discusses ‘significance of agreement for regional security and stability’ in calls to regional leaders. We reported earlier that the Trump administration is said to be insisting that ...The Guardian - 39m -
Kemi Badenoch ‘wants Liz Truss to shut up for a while’
Tory leader told shadow cabinet last week she wanted predecessor to stop making unhelpful interventions. UK politics live – latest updates Kemi Badenoch has told shadow ministers she wants a ...The Guardian - 1h -
ICC chief prosecutor seeks arrest warrants for Taliban leaders over persecution of women
Application says there are reasonable grounds to believe crimes against humanity being committed against women and girls in Afghanistan. The international criminal court’s chief prosecutor said on ...The Guardian - 39m
More in World
-
Thai LGBTQ+ couples register marriages as law gives them equal status
LGBTQ+ couples in Thailand have experienced a life-changing occasion, registering thir marriages legally on the first day a law took effect granting them the same rights as heterosexual couplesABC News - 8m -
Australian Open semi-finals: Madison Keys stuns Iga Swiatek in deciding tie-break – live
American will face Aryna Sabalenka in the final Get in touch! Email Daniel Harris with your thoughts Sabalenka 0-1 Badosa* (denotes server) A big service-winner down the T makes 15-all, ...The Guardian - 15m -
Firefighters battle to keep upper hand on new wildfire north of Los Angeles
Hughes fire near Castaic Lake broke out on Wednesday and led to evacuation orders or warnings for more than 50,000. Firefighters fought to maintain the upper hand on a huge and rapidly moving ...The Guardian - 24m -
What is the pan-Europe customs area that the EU is open to the UK joining?
Trade chief has said membership of Pan-Euro-Mediterranean convention could be part of ‘reset’ discussions. EU trade chief says it ‘could consider’ UK joining PEM Business live – latest ...The Guardian - 24m -
Zelensky Could Face Tough Re-election Prospects, Polls Show
The high popularity that the Ukrainian president had in the early days of the Russian invasion, with an approval rating of about 90 percent, has dipped badly.The New York Times - 28m