Prime Minister will address 7 big economies of the world; US brought B3W project against China's OBOR
Prime Minister Narendra Modi will address the ongoing Group of Seven (G7) meeting in Britain today. The world is currently battling an epidemic. In such a situation, seven big economic powers are focusing on finding a way out of Kovid-19 and all the difficulties caused by it in the G-7 summit.
The leaders of the G-7 countries on Saturday put forward a plan to improve infrastructure in poor countries. This plan has been brought against China's One Belt One Road (OBOR) project. America will lead it. This proposal was made by US President Joe Biden in the meeting of G-7 leaders.
The proposal is named Build Back Better World B3W. The OBOR project was launched in 2013 by Chinese President Xi Jinping. Through this project, China wants to make its connectivity directly to Europe. By giving loans to many countries, China has included them in its project. In South Asia, all countries have joined it except Bhutan and India.
Plan to stop the epidemic within 100 days
The leaders of the G-7 countries have planned to deal with the coming epidemic within 100 days. This proposal may be approved soon. It has been named the Carbys Bay Declaration. Britain has issued a statement saying that the notes of the G-7 countries have approved the signing of this declaration.
Modi will join virtually
British Prime Minister Boris Johnson had also invited Narendra Modi to join it, but after the rising Corona case in the country, he had decided not to go to Britain. They will be joining it virtually today and on June 13.
This is the first time in two years that the leaders of the world's seven major economic powers are seen together on one platform. China and Russia are not part of the G7 for different reasons. This time the theme of the meeting is - Build Back Better