Partnership for Global Infrastructure and Investment information
International funding project by G7 nations
Partnership for Global Infrastructure and Investment
Map of The Member States of The Partnership for Global Infrastructure and Investment
Abbreviation
PGII
Formation
2022; 2 years ago (2022)
Founder
G7
Purpose
Fund infrastructure projects in developing nations
Location
Worldwide
The Partnership for Global Infrastructure and Investment (PGII) is a collaborative effort by Group of Seven to fund infrastructure projects in developing nations[1] based on the trust principles of the Blue Dot Network. It is intended to be the bloc's counter to China's Belt and Road Initiative[2][3] and a key component of the "Biden Doctrine".[4]
PGII re-brands the Build Back Better World initiative. The re-brand followed difficulties in implementing the Biden administration's similarly named domestic legislative agenda.
As of at least early 2024, few details of the initiative have been announced.
^"Memorandum on the Partnership for Global Infrastructure and Investment". The White House. 26 June 2022. Retrieved 2 July 2022.
^"Explained: The G7's infrastructure investment plan to counter China's Belt and Road Initiative". The Indian Express. 29 June 2022. Retrieved 2 July 2022.
^Tan, Su-Lin (28 June 2022). "G-7's infrastructure plan offers an alternative to China's Belt and Road Initiative in a 'deliberate way'". CNBC. Retrieved 2 July 2022.
^Firzli, Nicolas (19 April 2021). "ESG, Green Growth and Employee Capitalism: G7 Roadmap for the Fifth Industrial Revolution". SSRN. Retrieved 1 January 2023.
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