Road to nowhere: why the G7 answer to China's BRI is likely to run off the rails
The G7’s new infrastructure programme is unlikely to be any more successful than China’s Belt and Road Initiative in attracting private capital, experts say.
The US-led version of China's $4.2 trillion Belt and Road Initiative (BRI) was announced at the G7 in Cornwall in June. Called Build Back Better World (B3W) the G7 strategic counter to China's BRI aims to aims to catalyse funding for infrastructure in the developing world from the private sector.
However, experts believe B3W will likely face the same challenges as the BRI and are sceptical about its ability to attract a lot of private capital.
Jeremy Lawson,
Aberd…
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