NEWS ABOUT GLOBAL ECONOMIC AND TRADE DEVELOPMENTS
π Global Economic and Trade Developments
Focus on U.S Tariffs During IMF and World Bank Spring Meetings
.
BOJ Ueda to G20 and IMF Meetings
.
---
π΅ U.S. Foreign Aid Compared to Other Humanitarian Issues
Global Humanitarian Crisis Following United States Aid Cuts Directly Caused By President Trumps Withdrawl of USAID Policies
The world has already paid the price for President Trump’s decision to massive cut, then dismantle the United States Agency for International Development (USAID). With this new policy, 83% of the programs under USAID are eliminated, leaving only 17% that will be moved to the State Department. The changes are detrimental to countries dependent on aid from the US. In Myanmar, the lack of response by USAID to the earthquake worsened the ongoing crisis from civil war, while Afghanistan's reduction of food and medical support aid endangers millions facing starvation and disease. In Sudan, where half the population requires relief, the aid cuts lead to the closure of 80% of community kitchens, contributing to famine and death. The former south African HIV/AIDS funded by USAID now has to deal with drastic collapse which could lead to hundreds of thousands of new infections and deaths .
---
π Market Movements and Economic Indicators
Asian Markets Show Positive Movement Before US Tech Earnings
Asian Markets also appeared s
teady to bullish on Monday
Comments
Post a Comment