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Developing countries often lack the essential infrastructure to help navigate global impacts, like the recent COVID-19 pandemic. To mitigate such impacts, the G7 is launching the Partnership for Global Infrastructure and Investment.
President Biden announced the funding at the G7 summit, which aims to ‘close the infrastructure gap’ in developing countries and strengthen global supply chains.
At the G7 meeting of wealthy nations in Bavaria, US President Joe Biden and his counterparts launched the Partnership for Global Infrastructure Initiative to mobilise $600bn by 2027 for developing countries and combat Chinese influence.
This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day's press releases.