Biden commits $200 billion to global infrastructure plan meant to counter China

Summary by Ground News

G7 nations announce $600 billion global infrastructure initiative. Plan is meant to compete with China's Belt and Road Initiative. U.S. will aim to leverage a total of $200 billion for the program over the coming five years. Plan was first unveiled a year ago, at last year's G7 in Britain.

1 month ago·Washington, United States

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Times of India

US aims to raise $200 billion as part of G7 rival to China's Belt & Road

US News: The United States aims to raise $200 billion in private and public funds over five years to fund needed infrastructure in developing countries under

1 month ago·Mumbai, India

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BBC News

G7 summit: Leaders detail $600bn plan to rival China's Belt and Road initiative

The revamped plan will see fresh funds being injected into development projects in Asia and Africa.

1 month ago·United Kingdom

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Reuters

G7 aims to raise $600 billion to counter China's Belt and Road

Increasingly worried about China, G7 leaders first floated plans for the project last year, and are formally launching it now under a fresh title and dropping the moniker "Build Back Better World" first coined by Biden.

1 month ago·United Kingdom

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NDTV

US Aims To Raise $200 Billion To Fund Global Infrastructure Projects

The United States aims to raise $200 billion in private and public funds over 5 years to fund global infrastructure projects, the White House said. It is seen as a counter to China's Belt and Road projects.

1 month ago·New Delhi, India

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