Leaders of G7 countries discussed global risks at a workshop on the global economy.
All the leaders of the G7 countries are concerned about the global crisis against the backdrop of rising inflation and slowing economic growth. This was announced on Sunday, June 26, by German Chancellor Olaf Scholz after a session on the global economy at the G7 summit, Reuters wrote.
He noted that the state of the world economy, some recent crises are causing concern. According to him, these are not small challenges, so the answers to them should be general.
“All G7 members are concerned about the crisis we face – the slowing of economic growth, rising inflation, the shortage of raw materials, the disruptions in the supply of energy resources – in altogether, all of these factors promise big problems, ”Scholz said.
He also mentioned that the G7 countries will attract $ 600 billion in 2027 to develop the infrastructure of developing countries as part of an initiative aimed at countering China’s multi-trillion dollar One Belt, One Road project. At the same time, the United States will attract $ 200 billion into the overall budget.
In this regard, the memorandum on the White House website states that US President Joe Biden and other heads of G7 countries are launching a formal partnership that will “fix infrastructure gaps in developing countries. countries, strengthen the global economy and supply chains, and advance Washington’s interests in the field of national security. “
Funding will be directed at climate and energy security, digital communications, healthcare and gender equality.
The G7 summit will take place on June 26-28 in the Bavarian Alps.
Recall that the leaders of the G7 countries in the last statement of the summit wanted to express their commitment to provide unlimited support to Ukraine to protect it against Russian aggression.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.