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Home VIDEO NEWS FROM AROUND THE WORLD

G7 Summit: Biden, leaders launch $600-billion Partnership for Global Infrastructure and Investment

by 198 Japan News
June 26, 2022
in VIDEO NEWS FROM AROUND THE WORLD
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G7 Summit: Biden, leaders launch $600-billion Partnership for Global Infrastructure and Investment
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At the G7 Summit in Schloss Elmau, Germany on Sunday, U.S. President Joe Biden and other nations’ leaders formally launched the Partnership for Global Infrastructure and Investment (PGII) to meet the infrastructure needs of low- and middle-income countries while supporting the economic and national security interests of U.S. and its allies.

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Biden announced that together with G7 partners, the initiative aims to collectively mobilize US$600 billion by 2027 in global infrastructure investments. He also added that the U.S. aims to mobilize $200 billion for PGII over the next 5 years through both public and private sources.

“Our nations and our world stand at a genuine inflection point in history,” Biden said. “The choices we make now, in my view, are going to set the direction of the world for several generations to come.”

During the announcement, Canadian Prime Minister Justin Trudeau, European Commission President Ursula von der Leyen, European Council President Charles Michel, Japanese Prime Minister Fumio Kishida and Italian Prime Minister Mario Draghi also spoke about their own region’s contributions and interests.

The leaders first made a commitment to the partnership one year ago at the last G7 summit in Cornwall, U.K. The infrastructure projects will address issues ranging from global health, climate and energy, digital security to gender equality, according to the announcement.

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Comments 23

  1. Jay Yi says:
    9 months ago

    They have messed up food and gas prices, now they are talking about how to waste our taxpayers' money, not how to reduce the tax burden.

    Reply
  2. Arjun Academy says:
    9 months ago

    what a group of waste full people altleast i can say that for justin and Biden . lest liked thir own country an making statemnets about others

    Reply
  3. MICHAEL JAY DELOS SANTOS says:
    9 months ago

    only stupid countries will join pgii lol.
    western countries lacks credibility this days. they are trying to keep this countries poor or even poorer but that wont happen anymore, because china is now best option.

    Reply
  4. Ed says:
    9 months ago

    There all evil, the Lord Jesus Christ rebuke them

    Reply
  5. YLiang1688 says:
    9 months ago

    BBBW where is the Build back better world projects now ???????????????????
    Another joke of the DAY !!!!!!!!!!!!!!!

    Reply
  6. YLiang1688 says:
    9 months ago

    It was BBBW yesterday, and PGII today, How about tomorrow ????? DWXYZ ?????
    Joke of today !!!!

    Reply
  7. anxel says:
    9 months ago

    These politicians only get together to blame all the bad things on China, Russia, Iran, Cuba, Venezuela and anyone who disagrees with US policies.

    Reply
  8. Brian Milosevic says:
    9 months ago

    The blind, leading the blind

    Reply
  9. Brian Milosevic says:
    9 months ago

    The USA is ready to make big big $$$$$$$$$$ you fools

    Reply
  10. Sharon says:
    9 months ago

    The G7 Devils !!!!

    Reply
  11. Slipkva says:
    9 months ago

    Les guignols G7 va-t-en-guerre. Vraiment du n’importe quoi nos responsables. Pauvre humanité, nous sommes vraiment mal gouvernés

    Reply
  12. Y H says:
    9 months ago

    .Just passed G7 summit, through its leaders’ presentations, had thrown in quite intriguing pieces of information. I did revined and re-listened, several times, however, could not decipher much of the language code used by the G7 leaders. The list of G7 countries and their debts: Canada ratio of debt to GDP was 129.2% in 2020, France 2834.30 billion in 2021, Germany 2.476 trillion, Italy 2.7 trillion, USA $28.43 trillion , Japan 12.20 trillion or 266% of GDP, England 2.206.5 billion or 104.5% of GDP. During the summit Germany announced making to the world a better offer on infrastructure investment i.e. “the 7” re-launching partnership for global infrastructure and investment worth of $600-billion. Quite an ambition – where do they plan to get the money? All 7 countries are in debts up to their ears, and no sign of making any payments on their debts any time in the future. Who is to pay for $600-billion project? None of the G7 countries have any money. To top it off, the code-words “global infrastructure and investment” have not been deciphered neither by Mr. Scholtz nor by the rest 6. Can anyone uncover the content of this mysterious concept – what exact infrastructure they are talking about, where globally they plan to put it, and who is investing in this endeavor.

    Reply
  13. Y H says:
    9 months ago

    .“The 7” forgot to mention whether they obtained a global consent – countries’ outside of the list of G7 – to their infrastructure and investment in countries outside of the G7 list? “The 7” must clarify what kind of infrastructure they are talking about and whether anyone needs it. Mr. Scholtz mentioned other code-words – EU Global Gateway initiative. What in the world is this about? Any clarification? – None, “the codes” have been kept in shadow. In addition, there was some sort of offer mentioned by Mr. Scholtz on what, per Mr. Scholtz’s assurance, “the 7” worked hard and made a great progress – the whole thing would have been hilarious, had it not turned out alarming. Next, Mr. Scholtz spoke about “the 7” launching a concrete partnership on climate and health. Who is to pay for this one? “

    Reply
  14. Y H says:
    9 months ago

    .“The 7” – are broke. Past performance of “the 7” demonstrated its inability in money management and lack of reasonable decision making – billions-trillions debts of each of the 7 countries speak for itself. G7 lost the world’s trust in competence, money management, identification of global needs – which is demonstrated in the speeches of the leaders of G7. Mr. Scholtz stated that Germany contributed to Africa about 530 million euro. Germany is hopelessly in debts. And why did Germany not make payment of its trillion debt? Next, Mr. Scholtz spoke in “tongs”/code – “global transition to net zero” “developing and emerging countries towards climate neutrality”. What is that supposed to mean? At this point the whole thing does sound as a conspiracy of a global scale. Can anyone in G7 explain what meaning they placed in “Global transition to net zero” – are they talking about reduction in global population? With what means? With Mr. Biden’s prophecy of the next pandemic? Alarming. Next, Mr. Scholtz stated that Germany pledged a 300-million loan to Africaa – Germany’s debt is about 2.5 trillion. Who actually is giving Africa a 300-million loan? – Germany can give away only its debts. And, Mr. Scholtz assured that they will not stop there.

    Reply
  15. Y H says:
    9 months ago

    .All 7 countries are in debt up to their ears, with the USA leading in highest debt among the 7 – 28.43 trillion. None of the 7 countries have any money. Mr. Biden touched on the subject of women and girls' necessity to participate in our society. It was odd to learn that Mr. Biden was not aware of the following – since the dawn of civilization, women, girls, men, boys fully participated in the society per each society’s tradition and custom. It was odd for Mr. Biden did not know the obvious, which is alarmingly draws attention to a possible hidden agenda disguised under the project “women and girls to fully participate….”

    Reply
  16. Y H says:
    9 months ago

    .What agenda that might be? Why only women and girls – members of the society able to reproduce humans? Next, Mr. Biden pointed out that Russia continues managing the war unleashed by the west/NATO in Ukraine, from spilling into Europe. Mr. Biden did not clarify when the west/NATO will cease selling weapons of mass destruction to Ukraine with intent to unleash the war in Europe. In his speech, Mr. Biden smeared over some sort of ground breaking American energy technology ensuring that such will bring thousands of jobs in Romania and USA. After looking up on-line, I did not find any information of such American technology nor of its bringing jobs neither to Romania, nor to the USA nor anywhere else. This question is left open. Mr. Biden spoke of democracy and partnering with democracy just as G7 partnered, and mentioned what democracy can bring to those who partner with it. G7 countries partnered under the flag of democracy – so far, after partnering on democracy all 7 countries went into deep-deep billions-trillion debt, with their debts several times over its GDP. G7 demonstrated the consequences of partnering on democracy, and voiced it out. Are they warning the rest of the countries?

    Reply
  17. Y H says:
    9 months ago

    .Next, Ms. Von Der Leyen knows better than anyone else of Europe’s selling weapons of mass destruction to Ukraine since 2000s. There is no doubt – since 2000s west/NATO has been preparing the 2022 military operation in Ukraine with intent to unleash a full blown war with Russia, has been inciting on the open air the militants brought to Ukraine from hot-spots around the world to fight in Ukraine under the guise of Ukraainians, attempting to spill the war over into Europe. Russia, as throughout the history, had to step in to protect its citizens and those in Europe from being swept into the fire of west/NATO’s unleashed war. So far, Russia managed to contain NATO’s militants within the borders of Ukraine preventing west/NATO’s militants from lighting up Europe. Does Ms. Von Der Leyen not concerned of the fate of her fellow europeans as well as of immigrants Europe invited from all over the world and is no longer able to feed nor house?

    Reply
  18. Y H says:
    9 months ago

    .Possibly, the war in Ukraine spilled into Europe solves quite a few issues for Europe. Russia’s holding up the war away from Europe likely messing up Europe’s plan. In retaliation, the west imposed sanctions on Russia resulting in driving prices on food and energy – she is correct in the outcome of the west's sanctions on the rest of the world. What is Russia to do? To let Europe have their wish – a full blown war in Europe and canceled sanctions OR not to let the war light up Europe and west to continue with sanctions. Ms. Von Der Leyne is correct again – every sanction placed by the west against Russia or other country actually causes deep uncertainty and chaos in every country in the world.

    Reply
  19. Y H says:
    9 months ago

    .Did the west consult the world’s countries prior to placing sanctions on a country? DId the west obtain consent from the world’s countries on accepting consequences for the west’s actions? No, the west did not. Then, Ms. Von Der Leyne touched base on democracy stating that it has delivered the result – yes, indeed, all 7 countries are in debt up to their ears. Quite a result has been delivered by democracy – their debts are several times over their GDP. Unlikely many countries are excited about the prospect. Also, Ms. Von Der Leyne announced yet another plan to “step up global investments in climate positive infrastructure” ??? What in the God green earth the code-words might entail? And, who is going to pay for it? None of the G7 have any money ! I don't blame Ms. Von Der Leyne for not forgetting the whole endeavor – no one will, specifically the beginning of a success she spoke about which no one observed. Ms. Von Der Leyne suggested that the world might need investments – well, had G7 been able to manage finances right, there would have been money for those investments.

    Reply
  20. Y H says:
    9 months ago

    .G7 waisted, mismanaged, and disappeared finances in its charge. Who is to blame? And, G7 is asking for more money. Are they joking? Ms. Von Der Leyne proposed a solution – to work side by side. With who? No country trusts G7 with anything any longer. Also, she suggested “…to develop finances…” while “…reflecting democratic values”. WHAT ? Where is she going to develop those finances, no one will loan to G7? To top it off, she proposed to develop finances while reflecting democratic value. Can Ms. Von Der Leyne demonstrates how such might look like? She threw numbers around – 200 billion, 300 billion – where will this money come from? G7, Europe, NATO – are in debts, and broke. Ms. Von Der Leyne mentioned South Africa – natural resources rich region. Ms. Von Der Leyne mentioned G7 is already there – in South Africa. Well, that’s were the money will come from, likely; unless, someone will come to the rescue of South Africa before G7’s unfolds its grandiose plans there. T

    Reply
  21. Y H says:
    9 months ago

    .The “continuation of the good work…” Ms. Von Der Leyne spoke about – she referred to getting more countries in debts? Japan had no choice. Mr. Trudeau spoke of promoting “sustainable development”. Could Mr. Trudeau’s cabinet clarify the meaning behind the code-words “promote sustainable development” and how this concept will be or is exhibited in real life, in actions? And, what steps will be taken by Barbados’s prime minister to translate the “sustainable development” concept into life?. Mr. Draghi of Italy confirmed G7’s interest in Africa – a natural resources rich region.

    Reply
  22. Wonderful World says:
    9 months ago

    G7 is an echo chamber of arrogant leaders who live in past (1949 NATO mindset) & totally out of touch.
    Rest of the world do not care about G7 or their dumb ideas. The warmonger NATO may not survive either.

    Reply
  23. Feliciano Media Co says:
    9 months ago

    Leaders 🤣🤣🤣🤣🤣🤣🤣 Criminals You Mean👍🏾👍🏾👍🏾👍🏾

    Reply

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