Aid cuts across Europe, and China’s big investment pledge in Africa

Aid cuts across Europe, and China’s big investment pledge in Africa

After severe cuts to its 2024 budgets for development and humanitarian aid, we found that the German government is planning to slash funds again in 2025. A recently released draft budget spells out nearly €1 billion in cuts to the Federal Ministry for Economic Cooperation and Development, or BMZ, from €11.22 billion ($12.36 billion) this year to €10.28 billion in 2025.

Germany is not the only European country planning to reduce its aid budget. In the United Kingdom, the aid budget in 2024 is forecast to be only 0.36% of gross national income — once sums diverted to hosting asylum-seekers are removed — piling pressure on the new Labour government to rethink its plans. The fresh spending squeeze comes despite the new Labour government promising a “reset” of development policy it condemned as “degraded” under the Conservatives.


We also discuss the Forum on China-Africa Cooperation that took place in Beijing. It was attended by 50 African heads of state and China pledged to invest nearly $51 billion in the continent on more favorable terms than Western countries.


In order to dive into these stories and others, Devex President and Editor-in-Chief Raj Kumar sits down with David Ainsworth and Elissa Miolene for the latest episode of our weekly podcast series.


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Episoder(244)

Special Edition: AI in practice: Bridging the implementation gap

Special Edition: AI in practice: Bridging the implementation gap

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Special edition: Reimagining financing for development and growth

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Inside the US global health overhaul and Buffett's philanthropic strategy

Inside the US global health overhaul and Buffett's philanthropic strategy

The United States is set to implement one of the biggest overhauls of its global health assistance in decades. The new strategy will reshape how billions of dollars flow to 35 countries, shifting grea...

1 Okt 35min

The Power to Decide: Reclaiming Sovereignty in a Digital Era

The Power to Decide: Reclaiming Sovereignty in a Digital Era

In this special edition episode of This Week in Global Development, sponsored by Public Digital, Devex's Alan Robbins sits down with Public Digital's Lauren Kahn and Mike Bracken CBE. Recorded at Deve...

30 Sep 29min

Global Progress in the AI Era: As Anthropic urges caution on AI, its ‘beneficial deployments’ work grows

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25 Sep 30min

Live from UNGA: Navigating the new era of multilateralism

Live from UNGA: Navigating the new era of multilateralism

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24 Sep 20min

The Gates Foundation's latest AI pledge, and a look ahead to UNGA 81

The Gates Foundation's latest AI pledge, and a look ahead to UNGA 81

This week, we report on the Gates Foundation’s 2026 Goalkeepers Report, which includes a $1 billion pledge to make AI more inclusive. The funding aims to expand access across health, education, agricu...

17 Sep 38min

Special edition: The real funding gap isn't money

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15 Sep 32min

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