Foreign Aid Cuts and Global Impact – Part 1 – Asrar Qureshi’s Blog Post #1121
Foreign Aid Cuts and Global Impact – Part 1 – Asrar Qureshi’s Blog Post #1121 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1121 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com for publishing your contributions here. Preamble Over the past year, nearly every major donor nation—led by the United States, United Kingdom, Australia, and several European countries—has announced significant reductions in foreign aid budgets. What are these nations scaling back, and what does it mean for NGOs, communities, and the future of global development? Let’s have a look at the scale of the cuts and their ripple effects. The Context Global humanitarian aid continued to decline in 2024 with a funding shortfall stuck at a record high as new and existing conflicts and multiplying climate disasters left more than 320 million people in need of aid. In 2024, $21.2 billion was ra...