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G-7 infrastructure investment to target Indo-Pacific's clean-energy transition

India, Indonesia and Vietnam stand to benefit from Belt and Road alternative

Group of Seven leaders gather for a dinner event at Castle Elmau in Kruen, near Garmisch-Partenkirchen, Germany, on June 26.   © Pool photo/Reuters

ELMAU, Germany -- India, Indonesia and Vietnam could receive new financing to transition to clean energy, linked to a global infrastructure investment partnership formally relaunched by the Group of Seven wealthy democracies on Sunday.

The scheme aims to offer an alternative to China's Belt and Road Initiative. At Sunday's launch, Japanese Prime Minister Fumio Kishida was keen to point out that "the development of quality infrastructure is also crucial for the realization of a free and open Indo-Pacific."

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