The G7 is playing catch-up with China in Africa
This past June, the leaders of the world’s largest IMF economies and wealthiest liberal democracies gathered at Elmau castle in Germany’s picturesque Bavarian Alps for the annual G7 summit. Besides discussing obvious topics such as the Ukrainian war and global economic recovery, the gathering was an opportunity to unveil a major infrastructure development program—the Partnership for Global Infrastructure and Investment (PGII).