McLeod Group Blog

Shifting Aid Money to Wall Street: The Financialization of Aid is Underway

Shifting Aid Money to Wall Street: The Financialization of Aid is Underway

McLeod Group guest blog by S.L. Erikson, March 12, 2025

Aid can’t be run like a private equity or hedge fund. And yet, Benjamin Black, Donald Trump’s nominee to run the US International Development Finance Corporation (DFC), is eager to redirect USAID’s US$44 billion budget away from public, civil servant managers to private Wall Street financiers. Read more…