At a time when funding for UN agencies is on the decline — and also threatened with cuts by the Trump administration — the Indian government has made an additional contribution of $50 million to development funding.
The EU unveiled an unprecedented plan for common defense spending on Wednesday to help Europe stand alone as a global military power, while urging the United States under Donald Trump to remain on the world stage.
The European Union says it plans to spend 50 million euros to finance the establishment of a joint African military force in the Sahel region with the declared aim of fighting terrorism, among other threats.
The New Development Bank set up by the BRICS group of emerging economies plans to fund 15 infrastructure projects in member countries worth upto $3 billion this year, the bank's president, K.V. Kamath, said on Thursday.