Partnership for Global Infrastructure and Investment (PGII)

  • G7’s flagship infrastructure initiative.
  • Formally launched – 26 June 2022.
  • G7 Summit – Schloss Elmau Castle, Bavarian Alps.
  • Launch at the 2022 G7 Hiroshima Summit.
  • Collective aim – to mobilize USD600 Billion by 2027.
  • US – aims to mobilize USD200 Billion of it.
  • EU’s Global Gateway Programme – to play important role in the PGII initiative.
  • To help low- and middle-income countries.
  • To finance high quality infrastructure.
  • By – G7 countries, the World Bank, and the Private Sector.
  • Like Citi, Global Infrastructure Partners, and Japan Foreign Trade Council.

PGII’s Priority Areas for Investment

  • Climate and energy security
  • Sustainable health systems
  • Gender equality and equity
  • Supply chain resilience
  • Connectivity through digital infrastructure and transport networks

EU’s Global Gateway Programme

  • USD300 Billion investment activation.
  • Period – 2021 to 2027.
  • 90+ projects – Africa, Latin America and the Caribbean, Asia and the Pacific, and in the Western Balkans.
  • 50% of the investment – for Africa.
  • To develop critical connectivity projects.

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