Elmau (Germany), Jun 27: US President Joe Biden and other G7 leaders have unveiled ambitious plans to mobilise USD 600 billion in funding by 2027 to deliver transparent and game-changing infrastructure projects in developing countries like India, in a move seen as a counter to China’s Belt and Road Initiative.
The Partnership for Global Infrastructure and Investment (PGII) unveiled on Sunday here during the G7 Summit relaunches a scheme unveiled at last year’s G7 talks in England.
President Biden said the plan would deliver returns for everyone.
“Today, the nations of the G7 launched the Partnership for Global Infrastructure and Investment (PGII),” Biden said.
