The new era of US and European foreign assistance

This Week in Global Development · Jul 22, 2026 · 30m

This week we look back at the last 18 months of U.S. foreign assistance — a period defined by the dismantling of USAID and the absorption of foreign aid strategy into the State Department. We break down the types of initiatives the Trump administration is prioritizing and where the funding is flowing.

On the other side of the Atlantic, the European Union is currently in the process of negotiating the bloc’s next seven-year budget. The new financial framework could mark a turning point for European aid, formalizing a shift from development-first spending toward an approach that increasingly…