B3W vs BRI | CSS Current Affairs | A Fortnightly Glance | Ep 21 | Ahmed Ali Naqvi | WTI

Описание: B3W vs BRI

In June 2021, G7 announced B3W. B3W is officially meant to have an investment in low and middle-income states up to $ 40 Trillion. However, it is primarily meant to counter China's BRI.

BRI:
Initially called OBOR, BRI is multi-purpose:
a) Neutralize Malacca Dilemma
b) Expand Chinese Influence
c) Establish new Routes (Diverse) for Trade.
d) Spending Excess Capital.
e) Developing Western/Southern China.

Features:
Mostly Government Spending
6 - routes (Land + Maintainance)
Approximately $ 1 Trillion investment.
Focus in Asia + Africa
Investment + Loans
Focus on Strategic infrastructure + Transportation

B3W:
Key Objectives:
Rival BRI
Investment in sustainable developments (clean energy, health, climate change, value-driven, etc)
Private Sector investment
Doesn't mean to create belts and roads.
No detailed plan yet.
Multilateral source i-e G7

Conclusion