On June 26th, U.S. President Joe Biden and leaders from other G7 nations formally launched the Partnership for Global Infrastructure and Investment (PGII), a move seen as counter to Communist China’s Belt and Road Initiative.
According to the White House statement, the launch of PGII is “to mobilize hundreds of billions of dollars and deliver quality, sustainable infrastructure that makes a difference in people’s lives around the world, strengthens and diversifies our supply chains.”
U.S. president announced the country aims to mobilize $200 billion for PGII over the next 5 years through public and private funds in order to develop infrastructure in developing countries.
Aussie Brief News
Go to First Page and Get the Latest News.
You may also like
-
TikTok uses “Project Texas” to fool Americans twice
-
Select Committee urged to terminate the US-China Tech agreement. The CCP military units are surrounding the U.S.
-
America Borrowed over 800 Billion from CCP and Sent Billions Back to China
-
A BlackRock Recruiter Admitted Senators are Cheap. NFSC revealed the Main Purpose of AIIB and BRICS. II
-
A BlackRock Recruiter Admitted Senators are Cheap. NFSC revealed the Main Purpose of AIIB and BRICS. I