B3W vs. BRI

A general view of G7 leaders and their guests is pictured at a working sesssion during the G7 summit in Carbis Bay, Cornwall on June 12, 2021. Brendan Smialowski / POOL / AFP

Leaders from the Group of Seven (G7) richest democracies unveiled a highly-anticipated plan over the weekend for how they intend to counter China’s Belt and Road Initiative and stem Beijing’s growing influence in Africa and other developing regions.

The plan, named the “Build Back Better World Partnership” or B3W, is intended to rival the BRI by providing low and middle-income countries with access to infrastructure development financing that will purportedly be more economically sustainable and “climate-friendly,” without any political conditionalities.

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by Eric Olander

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