Investment plan

The G7 wants a 568 billion euro investment plan for developing countries

Shortly before Joe Biden’s speech, the White House presented a proposal to the world’s seven industry summits: “With G7 partners, we aim to raise $600 billion by 2027 for global infrastructure investment.” Takes place in southern Germany.

Earlier, German Chancellor Olaf Scholes expressed the G7’s “shared concern” about the state of the global economy, mainly due to rising inflation and the energy crisis and the consequences of the war in Ukraine.

“We share this concern,” he said after the first session of G7 leaders, but underlined the “hope” that the leaders of the group would be able to get the “message of unity” necessary from there in the face of the situation created. By the “brutal aggression” launched by Russian President Vladimir Putin against Ukraine.

Scholz, who hosted the G7 summit, explained that in the first session of the meeting, at today’s meeting, the leaders of the rich countries (Germany, United States, Italy, France, Japan, Canada and UK) discussed issues. Stressed the need to coordinate their action in relation to the global economy and energy markets.