Trump AfDB Cut Calls for Realignment, Aspiring Leader Says
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US President Donald Trump’s plan to cut hundreds of millions of dollars of funding to the African Development Bank will have outsized repercussions, said Samuel Maimbo, who plans on engaging the superpower if he’s elected to lead the lender later this month.
On May 2, the White House said it would eliminate $555 million in contributions to the AfDB’s main fund for the continent’s least-developed countries, as it was “not currently aligned to administration priorities.” That adds to financing pressures for Africa as other donors simultaneously retreat.