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G7 Summit: Biden, leaders announce $600-billion Partnership for Global Infrastructure and Investment

At the G7 Summit in Schloss Elmau, Germany on Sunday, U.S. President Joe Biden and other leaders formally launched the Partnership for Global Infrastructure, which aims to mobilize $600 billion by 2027 collectively for global infrastructure investments. Biden also said that the U.S. aims to mobilize US$200 billion for PGII over the next 5 years through both public and private sources.