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Lula Condemns Drop in Financial Assistance to Developing Countries Amid Surgind Military Spending

Summary by Merco Press
Brazilian President Luiz Inácio Lula da Silva condemned on Sunday the reduction in financial aid for environmental, economic, and social causes from wealthier countries to the poorer nations, highlighting a 7% drop in Official Development Assistance (ODA) in 2024, while military spending increased by 9.4%.

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The cuts made by the U.S. government to the U.S. Development Cooperation Authority (USAID) lead to problems and fears in developing countries and emerging economies. Oxfam, the aid organization, complained with regard to the Democratic Republic of Congo, that the humanitarian situation there has deteriorated dramatically since the US aid was stopped.

·Germany
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On an event in Monaco, President Lula criticized the rich countries for spending more on military expenditure than on environmental tariffs

CartaCapitalCartaCapital
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'What is missing is political provision and commitment to finance' said the Brazilian President

·São Paulo, Brazil
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CartaCapital broke the news in São Paulo, Brazil on Sunday, June 8, 2025.
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