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U.S. plans January rollout of projects to counter China’s Belt and Road Initiative

Land: USA

  • The United States plans to invest in five to 10 large infrastructure projects around the world in January as part of a broader G-7 initiative to counter China’s Belt and Road Initiative, a senior U.S. official said on Monday.
  • Officials are meeting with government and private-sector leaders as they hunt for projects to be funded under the Build Back Better World initiative launched by the G-7 in June.
  • The G-7 B3W initiative is aimed at narrowing the $40 trillion in infrastructure investment that developing countries will need by 2035 and providing an alternative to problematic lending practices by China, officials have said.

Quelle: CNBC