G7 Unveils $600bn Infrastructure Plan to Rival China’s Belt and Road Initiative

The Group of Seven (G7) countries are set to raise $600 billion in funding for advancement projects in the developing world in a move designed to counter China’s Belt and Road Initiative (BRI). The Partnership for Global Infrastructure and Investment (PGII) plan, revealed on Monday, relaunches a scheme unveiled at the 2021 G7 summit in Britain. According to Joe Biden, the plan is set to deliver returns for everyone and will “mobilize strategic investments in areas vital to sustainable development and our shared global security.” “I want to be clear this isn’t charity. It’s an investment that will deliver returns…