{"id":25302,"date":"2022-06-27T05:44:59","date_gmt":"2022-06-27T05:44:59","guid":{"rendered":"http:\/\/gyalchisarshog.com\/?p=25302"},"modified":"2022-06-27T05:45:01","modified_gmt":"2022-06-27T05:45:01","slug":"g7-summit-leaders-detail-600bn-plan-to-rival-chinas-belt-and-road-initiative","status":"publish","type":"post","link":"https:\/\/gyalchisarshog.com\/?p=25302","title":{"rendered":"G7 summit: Leaders detail $600bn plan to rival China&#8217;s Belt and Road initiative"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">BBC News:-   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>G7 leaders have detailed plans to mobilise $600bn in funding for the developing world in a move seen as a counter to China&#8217;s Belt and Road plan.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Partnership for Global Infrastructure and Investment (PGII) relaunches a scheme <a href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-57452158\">unveiled at last year&#8217;s G7 talks<\/a> in England.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">US President Joe Biden said the plan would deliver returns for everyone.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">China&#8217;s multi-trillion dollar infrastructure initiative is criticised for hitting nations with too much debt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;I want to be clear. This isn&#8217;t aid or charity,&#8221; Mr Biden said of the G7&#8217;s PGII scheme. &#8220;It&#8217;s an investment that will deliver returns for everyone.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The scheme would allow countries to &#8220;see the concrete benefits of partnering with democracies,&#8221; the US president added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The plan calls on G7 leaders to raise $600bn over five years to fund the launch of infrastructure projects in middle and low-income countries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The US has promised to raise $200bn (\u00a3162bn) of the total through grants, federal funds and private investment, while the EU has announced a further 300bn euros (\u00a3257bn).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The initiative will be geared towards tackling climate change, improving global health, achieving gender equity and building digital infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC News:- G7 leaders have detailed plans to mobilise $600bn in funding for the developing world in a move seen as a counter to China&#8217;s Belt and Road plan. The Partnership for Global Infrastructure and Investment (PGII) relaunches a scheme unveiled at last year&#8217;s G7 talks in England. US President Joe Biden said the plan would deliver returns for everyone. China&#8217;s multi-trillion dollar infrastructure initiative is criticised for hitting nations with too much debt. &#8220;I want to be clear. This isn&#8217;t aid or charity,&#8221; Mr Biden said of the G7&#8217;s PGII scheme. &#8220;It&#8217;s an investment that will deliver returns for&#8230; <\/p>\n","protected":false},"author":1,"featured_media":25303,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-25302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/25302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25302"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/25302\/revisions"}],"predecessor-version":[{"id":25304,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/25302\/revisions\/25304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/25303"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}