LONDON, Sept 25 (Reuters Breakingviews) - Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world.
U.S. President Joe Biden has been talking up the West’s so-called Partnership for Global Infrastructure and Investment (PGII).
To be fair, the G7 is stepping up efforts to involve the private sector.
These initiatives are running in parallel with efforts to get the World Bank to cooperate more with the private sector.
For developing countries, it is good to have two rival infrastructure initiatives competing for their attention.
Persons:
Joe Biden, PGII, marshall, It’s, Hung Tran, Janet Yellen, Antony Blinken, Jordan, Xi Jinping, Vladimir Putin, Peter Thal Larsen, Katrina Hamlin
Organizations:
Reuters, Initiative, Group, Democratic, Global Infrastructure, Investment, Atlantic Council, coy, Treasury, European, Bank, United Arab, China, Thomson
Locations:
Italy, Republic, India, Europe, Zambia, Angola, Democratic Republic of Congo, Indonesia, Vietnam, South Africa, Senegal, United States, China, East, New Delhi, Indonesian, New York, Saudi Arabia, United Arab Emirates, Beijing