A new era at the African Development Bank, and Trump’s rescission package

This Week in Global Development · Sep 5, 2025 · 23m

This week, Akinwumi Adesina stepped down as the chief of the African Development Bank after a 10-year tenure. He was replaced by Sidi Ould Tah at the helm of the institution, who is promising reform, new partnerships, and a focus on jobs — even as the bank confronts tight budgets and a looming African Development Fund replenishment.

In the United States, the Trump administration proposed another $5 billion cut to foreign aid spending through a move known as a “pocket rescission.” This proposal builds on the cancellation of roughly $8 billion in foreign aid funding in July. We take a look at…