During a roundtable event at the G7 summit in Italy, President Joe Biden announced a significant investment of $60 billion by the United States in global infrastructure. The president, joined by other G7 leaders, expressed gratitude to his Italian host, Prime Minister Giorgia Meloni, and Japanese Prime Minister Fumio Kishida.
Biden highlighted the United States' achievement of mobilizing over $60 billion in investments worldwide, marking a substantial increase compared to the previous year. This initiative aims to enhance the competitive position of the US and its allies, particularly in response to the challenges posed by China in the post-pandemic era.
The announcement was made during the 2022 G7 summit held at Schloss Elmau, Germany, underscoring the collective efforts of the G7 nations to strengthen global infrastructure and economic resilience. The substantial investment signifies a strategic move by the United States to bolster its international partnerships and address critical infrastructure needs on a global scale.
