At the 2021 G7 Summit, leaders have launched the Partnership for Global Infrastructure and Investment.
The Partnership will deliver game-changing projects to close the infrastructure gap in low- and middle-income countries, strengthen the global economy and supply chains, and advance the United States' and its allies' economic and national security interests. At the opening day of the G7 Leaders' Summit in Schloss Elmau, President Joe Biden announced that the U.S. aims to mobilize $200 billion for PGII over the next 5 years through grants, Federal financing, and leveraging private sector investments.
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Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.