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US' Biden launches G7 scheme to rival China's Belt and Road plan

Seeking to counter China’s influence at a gathering of the leaders of the world’s top economies, US President Joe Biden on Saturday launched an infrastructure initiative for developing countries.

NEWS IN ENGLISH 13.06.2021, 00:24 Pelin Su Tamer
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US' Biden launches G7 scheme to rival China's Belt and Road plan

The Build Back Better World (B3W) Partnership, introduced at the G7 summit in Cornwall, England, is meant to be a counterweight to China’s Belt and Road Initiative.

B3W will be funded by G7 nations, and alongside improving infrastructure, will also push progress in health, technology, climate, and gender equality.

A White House statement said the B3W initiative will provide a “transparent infrastructure partnership to help narrow the $40 trillion needed by developing nations by 2035.”

Biden met with G7 leaders for one-on-one talks today, and will travel to London on Sunday to meet the queen before heading to Brussels for a NATO summit.

Meanwhile, British Prime Minister Boris Johnson greeted more world leaders who arrived at the summit today for talks: South African President Cyril Ramaphosa, South Korean President Moon Jae-in, and Australia’s Scott Morrison. Indian Prime Minister Narendra Modi was set to take part via video conference.

Pandemic, climate change, world challenges

UN Secretary-General Antonio Guterres also arrived in Cornwall today.

A Downing Street spokesperson said of Johnson’s meeting with Guterres: “The prime minister gave his support to secretary Guterres' vision for a more integrated UN and reiterated the UK’s support for a strong United Nations and joined-up global action on issues like pandemic preparedness and climate change.

“He also welcomed the World Health Assembly’s decision to discuss a treaty on pandemic preparedness later this year. The prime minister and secretary-general agreed on the need for universal support from the G7 to take this forward.

“The leaders discussed plans for the UK-hosted COP26 Summit later this year. They agreed on the need for countries to step up and make ambitious commitments to cut carbon emissions and phase out the use of coal.

“They discussed a number of international issues including the situations in Yemen, Syria and Libya, the Cyprus peace process, the need for a return to democracy in Myanmar and Afghanistan.”

Sir Patrick Vallance, the UK’s chief scientific adviser, also reported to G7 leaders on his plans for rapid responses to future pandemics.

He tweeted before his address to the summit: “Today I will present the 100 Days Mission report to #G7 leaders which recommends how the world can develop and deploy diagnostics, therapeutics and vaccines within 100 days of a pandemic threat. It’s an ambitious target but one which will save countless lives in the future.”

There were also two sets of protests today: one called for G7 nations to do more to tackle the climate crisis, and the other for them to do more on the Tigray crisis in Ethiopia.

The Red Arrows, the Royal Air Force aerobatics team, flew over Cornwall’s Carbis Bay as G7 leaders enjoyed a beach barbecue.

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