Support for Partnership for Global Infrastructure and Investment Projects reiterated at G20 Summit in Bali

During the 2022 G20 Summit hosted in Bali, Indonesia, the US President Biden, Indonesian President Widodo, and European Commission President Von der Leyen co-hosted a meeting of a group of G20 leaders to ‘demonstrate their shared commitment to deepen engagement under the Partnership for Global Infrastructure and Investment (PGII) to accelerate investment in quality infrastructure in low and middle income countries around the world and strengthen the global economy’. PGII – formally launched at the G7 in June 2022 – aims to support inclusive and sustainable development and benefit the partner countries’ economic security and global supply chains, among other goals.

During the meeting, President Biden announced a series of new projects, including a Trilateral Support for Digital Infrastructure in the Pacific (United States, Australia, and Japan). The project aims at supporting digital projects that will improve access to digital services and strengthen their security in the Pacific region.