The G7 is playing catch-up with China in Africa ...Middle East

Quartz - Economy
The G7 is playing catch-up with China in Africa
source : Quartz ( Middle East ) () 20
This past June, the leaders of the world’s largest IMF economies and wealthiest liberal democracies gathered at Elmau castle in Germany’s picturesque Bavarian Alps for the annual G7 summit. Besides discussing obvious topics such as the Ukrainian war and global economic recovery, the gathering was an opportunity to unveil a major infrastructure development program—the Partnership for Global Infrastructure and Investment (PGII).Spearheaded by US president Joe Biden, PGII is in part a rebranding of his “Build Back Better” (B3W) domestic bill. The economic recovery plan was aimed at strengthening the US economy but had fallen flat in both Congress and before the public eye. PGII is rooted in B3W

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