The Trump administration’s proposed 2026 budget includes a $555 million cut in US contributions to the African Development Fund (ADF) and the African Development Bank (AfDB), threatening vital development support for 40 of Africa’s poorest nations. The ADF plays a crucial role in financing health, infrastructure, and agriculture projects, especially in sub-Saharan Africa. The move, part of a broader $49 billion foreign aid reduction, risks widening Africa’s financing gap and could increase debt burdens as countries turn to pricier funding sources. However, the shift may also push African leaders to pursue greater self-reliance by boosting domestic resource mobilization, regional collaboration, and private sector investment to reduce dependency on foreign aid.
Thursday, June 12, 2025 - 14:38:58
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