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US seeks to weaken global development finance efforts, UN document shows

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Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨cm0002@lemmy.world⁩ to ⁨globalnews@lemmy.zip⁩

https://www.reuters.com/sustainability/cop/us-seeks-weaken-global-development-finance-efforts-un-document-shows-2025-05-05/

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  • some_guy@lemmy.sdf.org ⁨2⁩ ⁨days⁩ ago

    The Trump administration opposes draft reforms of the world’s financial system intended to help developing countries, including around taxation, credit ratings and fossil fuel subsidies. It also wants mentions of “climate,” “gender equality” and “sustainability” stripped out.

    Translation: Trump wants to keep poor countries in their place by keeping them poor so that they are subservient to the West. He’s a dick.

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