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America’s cancellation of foreign aid is leaving a massive funding gap that no other country is stepping in to fill, leaving the world’s poorest to pay the price, warns IRC president & CEO David Miliband on GZERO World with Ian Bremmer. Subscribe to GZERO's YouTube channel and turn on notifications (🔔): / @gzeromedia Sign up for GZERO's free newsletters on global politics: https://www.gzeromedia.com/subscribe As Washington pulls back from its decades-long role as the world’s leading aid donor, the humanitarian system is facing what David Miliband calls a “very big shock.” On GZERO World, the International Rescue Committee president and CEO tells Ian Bremmer that the US has historically been the anchor of the global aid system, contributing nearly $4 out of every $10 aid dollar. But amid the cancellation of USAID and a dramatic pullback in foreign funding, vital programs are now closing and the impacts are being felt all over the world. Who–or what–could step in to fill the gap? Miliband says China isn’t interested in large-scale humanitarian aid, focused instead on economic development though initiatives like Belt and Road. Europe, meanwhile, is stretched thin by war in Ukraine and pandemic debt. The Gulf States and Japan are debating their role, but the scale of US funding remains unmatched. The result, Miliband argues, is “sucking sound” of money leaving the system, leaving the world’s poorest to pay the price. Keep up with global news and why it matters. Follow GZERO! X: https://x.com/gzeromedia Instagram: / gzeromedia PUPPET REGIME on Instagram: / realpuppetregime TikTok: / gzeromedia LinkedIn: / gzeromedia Facebook: / gzeromedia Threads: https://threads.net/@gzeromedia Bluesky: https://bsky.app/profile/gzeromedia.com GZERO World on Apple Podcasts: https://podcasts.apple.com/us/podcast... GZERO World on Spotify: https://open.spotify.com/show/13QW2sL... GZERO Media, a Eurasia Group company, is a multimedia publisher providing news, insights, and commentary on the events shaping our world. Our properties include GZERO World with Ian Bremmer, our weekly show on US public television; our newsletters GZERO Daily, GZERO AI, GZERO North, and GZERO Daily with Ian Bremmer; our parody series Puppet Regime; our digital video series including Ian Bremmer's Quick Take every week; and the GZERO World Podcast. Our content is free and available at https://www.gzeromedia.com/. #gzeroworld #davidmiliband #usaid