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Trump's Potential Return Threatens Financial Stability of UN Agencies

share-iconFriday, January 03 comment-icon2 weeks ago 5 views
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Trump's Potential Return Threatens Financial Stability of UN Agencies

Credited from: SCMP

  • In October, Oxfam released a report criticizing **World Bank's accounting standards**, raising doubts about climate finance transparency.
  • The report led to **misinterpretations**, with claims of **US$41 billion** mismanagement, prompting calls for US withdrawal from the World Bank and other UN bodies.
  • Trump, known for his disdain for multilateral organizations, previously cut funding to the **UN Population Fund** and **WHO**, which may escalate under his leadership.
  • A withdrawal of US support could have disastrous effects on UN operations, as the US contributes significant funds to all major agencies, including the **World Food Programme**.
  • Experts warn that an isolationist approach would jeopardize not just international aid but also global health and security, urging caution among decision-makers.

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