U.S. President Donald Trump has announced the end of nearly 83% of USAID funding, impacting countries like Pakistan and Bangladesh that previously received millions. Secretary of State Marco Rubio highlighted the decision as a necessary revision to align financial aid with U.S. interests and eliminate funds being mismanaged. The cessation of funds could halt numerous development projects in the affected countries.
In a significant policy shift, U.S. President Donald Trump has announced that no further funding will be allocated through the United States Agency for International Development (USAID). Secretary of State Marco Rubio confirmed via social media that, after a thorough review, 83% of USAID programs will be canceled, which could severely impact countries such as Pakistan and Bangladesh that historically received substantial financial aid.
The cancellation involves more than 5,200 contracts globally, with billions previously spent under USAID. Rubio emphasized that funds were often misallocated and not aligned with America’s core national interests, stating, “we were paying those who were doing our detriment.” Only programs deemed beneficial to American interests will continue, with approximately 1,000 programs under review expected to be maintained.
The funding cuts mean Bangladesh will lose $440 million while Pakistan will see a reduction of $231 million. Sri Lanka’s loss will amount to $123 million. This halt in aid is likely to suspend numerous development projects in these nations, notably including initiatives that were allegedly associated with anti-India activities in both Pakistan and Bangladesh.
In summary, President Trump’s decision to terminate a significant portion of USAID funding reflects a strategic pivot towards prioritizing American interests. The cancellation of 83% of programs could have far-reaching consequences for nations like Pakistan and Bangladesh, which relied heavily on U.S. assistance. Future funding will be dramatically reduced, focusing primarily on initiatives that align with the United States’ national interests.
Original Source: www.india.com
