Anik Dey
The recent suspension of USAID funding globally has shocked the world. As a recipient, Bangladesh has experienced shockwaves in the country’s development sector.
This move, initiated by an executive order from U.S. President Donald Trump, not only affects ongoing projects but also poses significant challenges for the future of humanitarian and development initiatives in Bangladesh. As a major recipient of U.S. foreign assistance, ranking as the 20th largest globally with $550 million received in 2023, this sudden halt is particularly concerning for the country’s financial and social development. It has already faced a shock as many USAID contractors including NGOs and for-profit consultancy firms have left with no option but to lay off until the review process is completed.
Immediate Consequences on NGOs and Development Sector
The immediate impact on both the NGO sector and broader development assistance efforts is stark. Over 100 projects valued at approximately $550 million were suspended immediately following Trump’s executive order; upon receiving instructions from the local USAID office. This abrupt cessation has led to job losses among employees working on these projects, with many NGOs and consultancy firms forced to terminate contracts with employees who were on probationary periods without pay.
No comments:
Post a Comment