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Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy

Summary by BizToc
When the Department of Government Efficiency, helmed by Elon Musk, gutted the U.S. Agency for International Development (USAID), it included slashing an estimated $329 million in humanitarian aid to Nepal. Stuti Basnyet, who served as the acting program office director for USAID in Nepal since…

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Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy

After the Trump administration gutted USAID, Nepal’s private sector has stepped up to energize its young workforce and strengthen its financial independence.

·New York, United States
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BizToc broke the news on Sunday, September 20, 2026.
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