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US aims to raise $280b as part of G-7 rival to China’s Belt & Road

June 26, 2022 11:33 PM

WASHINGTON (REUTERS) – The United States aims to raise US$200 billion (S$280 billion) in private and public funds over five years to fund needed infrastructure in developing countries under a G-7 initiative aimed at countering China’s multitrillion-dollar Belt and Road project, the White House said on Sunday (June 26).

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