G7 Launches $600bn Infrastructure Plan To Counter China
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Description
The leaders of the Group of Seven nations have pledged to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counter China’s...
show moreUS President Joe Biden says developing countries often lack the essential infrastructure to help navigate global shocks, like a pandemic, so they feel the impacts more acutely and they have a harder time recovering.
He says the United States would mobilise $200bn in grants, federal funds and private investment over five years to support projects in low- and middle-income countries that help tackle climate change as well as improve global health, gender equity and digital infrastructure.
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Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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