Major Democracies Launch Values-Based Infrastructure Partnership

President Biden explains the Group of Seven nations’ Build Back Better World infrastructure development partnership to reporters June 13 in Cornwall, England President Biden explains the Group of Seven nations’ Build Back Better World infrastructure development partnership to reporters June 13 in Cornwall, England

The United States and other major democracies will support infrastructure projects that provide sustainable benefits for developing countries.

The Build Back Better World (B3W) Partnership, announced at the Group of Seven (G7) conference in June, seeks to address the $40 trillion infrastructure gap in the developing world and to advance economic recovery after the COVID-19 pandemic.

In a statement, the White House described the plan as "a unified vision for global infrastructure development" that will bring the power of government funding, development agencies and the private sector to infrastructure projects across the world.

"B3W will collectively catalyze hundreds of billions of dollars of infrastructure investment for low- and middle-income countries in the coming years," the White House said.

The G7 acknowledged that the COVID-19 pandemic has worsened infrastructure needs in the developing countries in a statement issued after its Leaders Summit in June. "As leaders accountable to all our citizens, we are determined to ensure our plans for recovery build back better for all," the G7 said in the communiqué.

The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

Values-driven development

The United States and other major democracies will support infrastructure projects that provide sustainable benefits for developing countries.

The Build Back Better World (B3W) Partnership, announced at the Group of Seven (G7) conference in June, seeks to address the $40 trillion infrastructure gap in the developing world and to advance economic recovery after the COVID-19 pandemic.

In a statement, the White House described the plan as "a unified vision for global infrastructure development" that will bring the power of government funding, development agencies and the private sector to infrastructure projects across the world.

"B3W will collectively catalyze hundreds of billions of dollars of infrastructure investment for low- and middle-income countries in the coming years," the White House said.

The G7 acknowledged that the COVID-19 pandemic has worsened infrastructure needs in the developing countries in a statement issued after its Leaders Summit in June. "As leaders accountable to all our citizens, we are determined to ensure our plans for recovery build back better for all," the G7 said in the communiqué.

The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

Values-driven development

Source: Leigh Hartman