G7 announced $600 billion global infrastructure program to counter China’s BRI
The Group of Seven (G7) is currently meeting in Germany's Krün town to discuss the world order and how China can be stopped from running its debt-trap diplomacy across the world.
G7 countries are meeting in Germany from 26th and 28th June 2022 (Photo: Business Green)
The Group of Seven (G7) has put a big step toward countering china's Belt and Road Initiative (BRI) by announcing $600 billion for global infrastructure programs in lower and middle-income countries. AFP reports that the United States government and allies will plan the $600-billion figure for the next five years.
According to the White House, the amount will be in the form of "grants, federal financing, and leveraging private sector investments." The program has been named Partnership for Global Infrastructure and...