“It’s not a charity, we will all win,” the US president called the “Build a Better World” plan – $ 200 billion from the United States and $ 400 billion from the other six countries over the next five years.
The US position in order to stop the rapid growth – at all levels – of China is said to be adopted by the leaders of the G7΄. The American president Joe Biden announced, in the presence of the other six leaders, a plan $ 600 billionin order to hit Beijing’s economy and investment around the world.
The United States, according to Joe Biden, has pledged $ 200 billion, with the remaining 400 to be covered by the other six G7 countries and will invest in solar farms, health facilities and communications across the country. planet and other technologies.
In total, the G7 states will commit $ 600 billion over the next five years, the US president said, describing the investment as humanitarian, economic and security.
“Developing countries often lack central infrastructure to help deal with global shocks, such as a pandemic, so they feel the effects have been severe and difficult to recover,” he said. “This is not just a humanitarian concern. It’s a matter of economy and security for all of us, “said Joe Biden.
The money will be spent on various areas such as health, climate, energy and gender equality. Biden called the idea “Make a better world again.”
“These strategic investments are vital areas for sustainable development and our common global stability, health and safety, digital connectivity, gender equality, climate and energy security.”said Biden. He argued that the investment would stimulate the US economy and economies around the world.
“I want to make it clear that this is not charity. It’s an investment that will benefit everyone, including the American people and people of all nations. It will stimulate all our economies. It is an opportunity for us to share our positive vision for the future. “he stressed.
The White House said $ 200 billion in grants and federal funding would help low-income countries meet their financial and national security needs. “And this is just the beginning: the United States and its G7 partners will also seek to mobilize hundreds of billions of additional funds from other like-minded partners, multilateral development banks, development finance institutions, public investment funds and more.”
Biden plans include $ 2 billion for solar mini-networks, telecommunications solar cabins in Angola. a $ 3.3 million grant to start work on a vaccine factory in Senegal. and a $ 600 million contract with a U.S. telecommunications company to build a submarine cable to connect Singapore with France via Egypt and the Horn of Africa. There is also money to study the construction of a new type of nuclear reactor in Romania.
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