U.S. President Joe Biden and the other G7 leaders launched Partnership for Global Infrastructure and Investment, pledging to raise $600 billion in private and public funds by 2027 to finance infrastructure projects in developing countries. Speaking in Germany, Biden said the U.S. alone would mobilize $200 billion in grants, federal funds, and private investment to support projects that address climate change as well as improve global health, gender equity, and digital infrastructure.
Global Economy Joe Biden Infrastructure G7
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