NEWS
28 JANUARY 2025
Daily Current Affairs based on ‘The Hindu’ newspaper as per the syllabus of UPSC Civil Services Examination (Prelims and Mains) Compiled by Mrs. Bilquees Khatri.
GS II: INTERNATIONAL – USA
US Suspends Foreign Aid
- Recent Update: The U.S. has suspended foreign aid following President Donald Trump’s executive order under the “America First” agenda.
- Foreign Aid Overview:
- Financial, technical, or material assistance provided by one country to another.
- Supports economic development, humanitarian relief, or geopolitical objectives.
- Includes grants, loans, or in-kind contributions like food, medicine, and infrastructure.
- Significance of Foreign Aid:
- Development: Supports infrastructure, healthcare, education, and economic growth.
- Humanitarian Relief: Provides aid during crises like disasters or conflicts.
- Diplomacy & Strategy: Strengthens alliances and extends influence.
- Global Stability: Addresses poverty, climate change, and pandemics.
- Global Implications:
- Impact on Recipients: Countries reliant on U.S. aid, like Afghanistan and Pakistan, may face setbacks.
- Shift in Alliances: Beneficiaries may turn to alternative donors like China.
- China’s Role: Initiatives like the Belt and Road may fill the gap, raising debt concerns.
- Social Impact: Reduced aid may worsen poverty, instability, and humanitarian crises.