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Vol 65 No 23

Published 15th November 2024


Ahead of the US elections, African bankers and generals hired pro-Trump lobbyists

Companies, banks and juntas are adapting to a new era for the international system

As shockwaves reverberate with the prospect of a second presidential term for Donald J Trump after the 5 November elections, African banks and businesses are regrouping to cope with a more protectionist trading system and less funding from the US for Multilateral Development Banks. An early test of the changing US policy will be its stance at the final pledging session for the International Development Association (IDA), the World Bank’s soft-loan affiliate, in South Korea on 5-6 December.

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