President Biden of the United States announced that the G7 = seven major countries have agreed to launch a new investment framework to promote infrastructure development in developing countries and aim to contribute $ 600 billion in funding.
Against the backdrop of huge amounts of support, it seems that the aim is to collaborate with China, which is expanding its influence in Asia and Africa, with the G7.
On the 26th, US President Joe Biden made a press release with the leaders of each country at Elmau in southern Germany, where the G7 summit is being held.
In this, President Biden said, "We will invest in important infrastructure that provides better options and improves livelihoods for countries and people around the world," and the G7 will work together to invest in developing country infrastructure. It has been revealed that it has launched a new investment framework to promote development.
He said, "We aim to contribute nearly $ 600 billion by 2027," and agreed to aim to contribute 81 trillion yen in Japanese yen to the public and private sectors over the next five years for the G7 as a whole. Was announced.
Specifically, we will strategically invest in the fields of public health, telecommunications, promotion of gender equality, climate change countermeasures and energy security.
President Biden seems to be aiming to collaborate with China in the G7 to counter China, which is expanding its influence in Asia and Africa against the background of huge support, "We are confident that we will win the competition." I emphasized.
Prime Minister Kishida emphasizes that "debt problems in developing countries" should be tackled as G7
Prime Minister Kishida is gaining influence at the G7 Summit in Germany at the G7 Summit, where China is irreparably lending to developing countries over infrastructure construction. Given the situation, he stressed the need for the G7 to be united and involved in creating rules to support the sustainable infrastructure development of developing countries.
Prime Minister Kishida, who is attending the G7 Summit in Elmau in southern Germany, attended a meeting on the theme of infrastructure investment in developing countries after 10 pm on the 26th of Japan time.
In this, Prime Minister Kishida said, "Following the new corona, the debt problem in developing countries is becoming more serious as Russia's Ukraine problem continues for a long time. Need to show. "
He emphasized that the G7 should also work to solve the so-called "debt trap" problem, which is becoming more influential by China's lending to developing countries in large quantities that cannot be repaid.
"The transparency and openness that all creditors should comply with are confirmed at the summit level in the G20 Principles on Quality Infrastructure Investment. Spreading the voices of developing countries to the international community, It is necessary to foster awareness of the international community about the risks of unfair and unfair development finance. ”The G7 is united in creating rules to support sustainable infrastructure development in developing countries. I appealed for the need to do.
Willing to invest more than $ 65 billion over the next five years
At a G7 summit in Germany related to the G7 summit, Prime Minister Kishida revealed his intention to invest more than $ 65 billion in infrastructure development in developing countries over the next five years, including private funds. Did.
Prime Minister Kishida attended a related event of the G7 Summit on the theme of infrastructure investment in developing countries before dawn on the 27th of Japan time.
In this, Prime Minister Kishida said, "In addition to issues such as the new corona and global warming, Russia's invasion of Ukraine has caused the world economy to face rising energy and food prices and disruption of the supply chain. But quality infrastructure investment is essential. "
He revealed that Japan would invest more than $ 65 billion in infrastructure development in developing countries over the next five years, including private funding.