Asian Countries Welcome G7’s Answer to China’s One Belt, One Road Program
Bangladesh and nations in Southeast Asia are welcoming the Group of Seven’s new answer to China’s One Belt, One Road initiative, saying it will be another source for financing their burgeoning infrastructure needs.
But because the U.S.-led Build Back Better World Partnership (B3W) initiative is scant in details, officials of some governments in the region and analysts say they also are waiting for more information to see how it can help their countries. China has an eight-year head start and has pumped huge amounts of money into its global infrastructure-building program (OBOR).