The Group of Seven (G7) nations, concluding their summit in Italy, emphasized support for infrastructure initiatives like the India-Middle East-Europe Economic Corridor (IMEC). This ambitious project aims to connect Saudi Arabia, India, the US, and Europe via extensive road, rail, and shipping networks. Seen as a strategic move countering China’s Belt and Road Initiative, IMEC underscores efforts towards transparent, sovereign-friendly infrastructure development. Additionally, the G7 affirmed solidarity with Ukraine amid its conflict with Russia, pledging approximately $50 billion through Extraordinary Revenue Acceleration Loans.
G7 Commits to Infrastructure Projects, IMEC Initiative Highlighted
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