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Fortune
Fortune
Sasha Rogelberg

Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy

A group of young people stand together, each with the flag of Nepal draped around their shoulders. (Credit: Safal Prakash Shrestha/NurPhoto—Getty Images)

When the Department of Government Efficiency, helmed by Elon Musk, gutted the U.S. Agency for International Development (USAID), it included slashing an estimated $329 million in humanitarian aid to Nepal. Stuti Basnyet, who served as the acting program office director for USAID in Nepal in 2025 during the agency’s wind-down, remembers the months following the cuts.

“Everyone went through denial first that this was even happening, to just deep grievance at how it was being done,” she told Fortune.

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