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Partnership for Global Infrastructure and Investment (PGII) scheme
June 30 , 2022
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- The President Biden and G7 Leaders Formally Launched the Partnership for Global Infrastructure and Investment.
- It is a plan to mobilise $600 bn in funding for the developing world in a move seen as a counter to China’s Belt and Road plan.
- The infrastructure plan was first unveiled at the 2021 G7 summit in Britain.
- Called the Build Back Better World at the time, the project was renamed to PGII before being resuscitated at the 2022 summit.
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