the group of Seven countries plans to raise $600 billion for infrastructure program competition for China’s Belt and Road Initiative.
The United States aims to raise $200 billion in private And the public funds over Five years to finance the necessary infrastructure in development countries within a group of The seven (G-7) initiative, which aims to confront China, which exceeds trillions -dollar Belt and Road projectThe White House said on Sunday.
US President Joe Biden will unveil planssurrounded by other leaders of the Group of Seven, some of them of those who have already Unveil their own separate initiatives, at their annual gathering this year in Schloss Elmau in southern Germany.
Growing concern about China, the leaders of the Group of 7 first float plans for The project last yearand is now officially launched under a new title, “Partnership for Global Infrastructure and Investment”, dropping the title of “Build Back Better World”, first Coined by Biden during his presidency campaign.
Biden will unveil several specific projects in the G-7 side event joined By leaders from Britain, Germany, Japan, the European Union and Canada, they pledged to focus on projects that help Addressing climate change as well as improving global Health and gender equality and digital Infrastructure. French President Emmanuel Macron will be absent noticeably. who it was official joined Chinese infrastructure program.
Biden’s proposal at the G7 summit in 2021, the deal will focus on Investments in Improving “climate-resilient infrastructure”, tackling the climate crisis global energy security and digital technologyand promoting gender equality and healthcare infrastructure.
Biden interpreted the plan as an alternative to China’s massive investment in Belt and Road infrastructure projecttrillion-dollar planning to build Infrastructure across Africa, Asia and Europe, which is considered safe issue by many Western leaders.
White House official John Kirby said on Saturday it policy Towards China will top Washington’s agenda for the top. Minister of the United States of Anthony Blinken recently highlighted China as the most dangerous country in the long run.term challenge to me international ranking.
