G7 leaders promise to build a better world
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The Group of Seven Leaders' Summit has concluded with promises to build back a better world. The leaders even coined a phrase and an abbreviation for their shared vision. It is called the Build Back Better World plan, shortened to B3W. A fundamental feature of this plan, that has been signed by all G7 leaders, is to embark on a series of global economic initiatives. A White House statement said: "Through B3W, the G7 and other like-minded partners will coordinate in mobilizing private-sector capital in four areas of focus - climate, health and health security, digital technology, and gender equity and equality." It will help fund infrastructure projects and improve trade routes between East Asia and Europe.
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The White House also announced plans for other continents. It said: "B3W will be global in scope, from Latin America and the Caribbean to Africa to the Indo-Pacific. Different G7 partners will have different geographic orientations, but the sum of the initiative will cover low- and middle-income countries across the world." Another promise to come from the Summit was to vaccinate a billion people in poorer countries. UK leader Boris Johnson said this was "a big step towards vaccinating the world". Other pledges included improving early warning systems to prepare for future health crises, supporting a green revolution that cuts CO2 emissions, and getting 40 million more girls into education by 2026.
Sources:
- https://newseu.cgtn.com/news/2021-06-13/G7-launches-B3W-plan-aiming-to-rival-China-s-Belt-and-Road-Initiative-112QmvFQoKI/index.html
- https://www.whitehouse.gov/briefing-room/statements-releases/2021/06/12/fact-sheet-president-biden-and-g7-leaders-launch-build-back-better-world-b3w-partnership/
- https://www.bbc.com/news/world-57461670
