The leaders of the Group of Seven (G7) countries agreed to raise up to $600 billion for infrastructure projects in developing countries by 2027, reads the joint statement of the G7 leaders, adopted today during the summit in Hiroshima, Report informs via TASS.
"We reaffirm our shared commitment to the G7 Global Infrastructure and Investment Partnership and working together to mobilize up to $600 billion by 2027," the document says.
In this regard, the leaders noted the importance of narrowing the infrastructure investment gap in low- and middle-income partner countries, including through financing infrastructure projects and efforts to advance the policy reforms needed to attract investment. They also stated the need to involve the private sector for these purposes.
The G7 leaders also indicated that they intend to promote the principles of transparent and fair financing of sustainable development goals and quality investment in infrastructure.