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America’s European allies are trying to pry millions of their unspent money back from USAID

Fortune LogoFortune2d ago

America’s European allies are trying to pry millions of their unspent money back from USAID - Fortune

Quick Summary:

Officials from Sweden, Norway and the Netherlands say $15 million they contributed for joint development work overseas has been parked at USAID for months.

It helps farmers and others in poorer countries develop innovative ways to grow more food without straining water supplies or depending on climate-damaging forms of energy.“Most importantly," Lindholm said by email, the U.S.failure so far to disburse or refund allies' donations is harming ”6 million of the poorest and most vulnerable farmers in the world who are dependent on the technologies for their food production and food security".

The worries point to the extent to which the new administration's abrupt cutoff of foreign assistance and canceling of contracts for humanitarian and development work are raising questions about Washington's financial reliability.


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Article Details

Author / Journalist: Ellen Knickmeyer, Jamey Keaten, Mike Corder, Vanessa Gera, The Associated Press

Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-23 @ 14:18:11 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1000 words

Reading Time: 6 minutes read

Sentences: 5 lines

Sentence Length: 200 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27254366

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