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Trump Cuts $555 Million from African Development Bank Fund

Summary by streetsofkante.com
The Trump administration has announced plans to cut the United States’ entire $555 million contribution to the African Development Fund (ADF), signaling a major shift in U.S. foreign aid policy. The proposed cuts, submitted to Congress on Friday, would eliminate funding for the ADF in the next fiscal year, with the White House stating that the fund is “not currently aligned” with American priorities. The ADF, a key arm of the African Development…
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streetsofkante.com broke the news in on Saturday, May 10, 2025.
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