News Snapshot:
Quick links: Image: Shutterstock/AP In order to challenge China's Belt and Road Initiative (BRI) and create high-quality infrastructure in low- and middle-income countries, the Group of Seven (G7) nations unveiled a new program in June 2022 called the Partnership for Global Infrastructure and Investment (PGII). The PGII initiative, according to an article in Geopolitica.info, can be a significant victory for global welfare and sustainable development because it places human infrastructure at the centre of the aspirations for global development, unlike Chinese projects that are hampered by low cost, lax standards, and hurried timelines. Building infrastructure with BRI financing has put...
