U.S. President Donald Trump has just closed down USAID after Elon Musk branded it “a criminal organization,” adding “it’s time for it to die.” Is there any truth to Musk’s allegation?

One “beneficiary” of USAID is Nicaragua, a country with one of the lowest incomes per head in Latin America. Between 2014 and 2021, USAID spent US$315,009,297 on projects there.

Uninformed observers might suppose that this  money helped poor communities, but they would be wrong. Most of it was spent trying to undermine Nicaragua’s government and, in the process, gave lucrative contracts to U.S. consultancies and to some of Nicaragua’s richest families.

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