With eye toward countering Chinese Belt and Road, Biden administration lays groundwork for infrastructure program in Latin America
More than seven years after President of China Xi Jinping first announced the Belt and Road—the People’s Republic’s signature twenty-first century foreign policy agenda—the administration of U.S. President Joe Biden announced this week that the White House would send a delegation of officials to Latin America to scout opportunities for possible infrastructure development projects to counter those of China.
B3W and BRI in LAC: Five steps for healthy competition
Earlier this summer, leaders of the G7 launched the Build Back Better World (B3W) partnership, promising to develop high-quality, sustainable, and transparent infrastructure around the world. The U.S. has framed the B3W as a form of “strategic competition with China” and an answer to China’s infamous Belt and Road Initiative (BRI).
A Global Tax Deal for the Rich, Not the Poor
The G7 agreement on a global minimum tax will further squeeze the Caribbean
As the G7 meetings concluded in Cornwall, England, one outcome was an agreement on a global minimum tax. This initiative will further squeeze the Caribbean just as it is struggling to recover from the harm the COVID-19 pandemic wreaked on tourism, the region’s main economic sector.