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Climate finance looks to plug US-shaped hole

The Banker · last updated

The international development finance community has been left reeling by the US government’s attempted destruction of its foreign aid agency, the US Agency for International Development.

The move was ordered by Elon Musk’s so-called Department of Government Efficiency and, along with the US’s second withdrawal from the Paris agreement, it has raised serious concerns about America’s role in global development and climate finance.

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