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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by Joji Xavier
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