International Funding

The decision to terminate these grants reportedly came after a suggestion from Trump’s close aide, billionaire entrepreneur Elon Musk. Musk advised the administration to cut down on what he described as unnecessary foreign aid spending.

In August 1971, President Richard Nixon, without any international consultations, launched what became known as the Nixon Shock. He broke the link between gold and the US dollar, thereby ending the international monetary system established in 1944.

“Terrorism and violent extremism remain persistent scourges. We see a dark spirit of impunity spreading.  The prospect of nuclear war remains – outrageously – a clear and present danger.”

According to the IMF, the Maldivian government faces the critical challenge of balancing fiscal discipline with economic growth. The IMF feels that while reforms may be difficult, they are essential to ensure macroeconomic stability and sustainable development in the years ahead.

The Interior Division has reiterated the urgent need for full funding to ensure uninterrupted security services, particularly for foreign nationals working on the project.

Georgieva praised Pakistan’s efforts in implementing the IMF-supported program, acknowledging the country’s improving economic performance with rising growth and declining inflation. She recognized Pakistan’s economic recovery and noted that it is on a positive trajectory.

Hydroponics uses less water and is more productive than soil-based agriculture and can be carried out all year round. Though hydroponics can be expensive and difficult to install, all it requires at its most basic level is the plants, water, a container and a source of light.

The Trump administration has signalled that funding for climate programmes, gender rights, and reproductive health will likely be cut permanently.