9 Nov 2021
U.S Looks Towards Projects to Counter China’s Belt and Road Initiative
The Index Today
The U.S has announced plans to invest in over 10 new projects for infrastructure across the globe as it implements its Group of Seven program. The investments are likely to proceed in January to counter the China’s Belt and Road Initiative.
Daleep Singh, national security adviser is leading a delegation to identify new projects, 10 of which are located in Senegal and Ghana. Officials are looking for new projects which require funding under the Build Back Better World (B3W). This program was launched by the G7 democracies last June. It is expected that the plans may soon be finalized at upcoming G7 meetings in December.
The U.S is provide all necessary financial tools and technical expertise to focus on various aspects including health, climate, digital technology and more. These efforts are geared towards flagship projects which are expected to begin next year. The administration stated that it will not require non-disclosure agreements unlike China. Various projects will be set up to manufacture vaccines and energy supplies.