China in horizon, G7 eyes the Global South
6 months, 1 week ago

China in horizon, G7 eyes the Global South

Hindustan Times  

The grand convergence at the Apulia G7 Summit in Italy between the western democracies and the Global South was facilitated by the G7’s sensitivity to the systemic risks it faces from the Russia-China dyad. Once seen as the sole shepherd to the global economy, the G7 nations along with the European Union gathered under the Italian presidency for the group’s 50th Summit with an agenda to deepen inter-group coordination against Russia as well as enhance their collective outreach to Africa, where China is seen as a dominant investor through its Belt and Road Initiative. Guided by the G7’s own stratagem, the Summit’s outreach session saw an invitee list dominated by the Global South with leadership presence from Brazil, Argentina, the UAE, Turkey, Jordan, Algeria, Kenya, Tunisia, Mauritania and India. FILE - From right, French President Emmanuel Macron, Japan's Prime Minister Fumio Kishida, U.S. President Joe Biden, European Commission President Ursula von der Leyen, Canada's Prime Minister Justin Trudeau, Britain's Prime Minister Rishi Sunak, European Council President Charles Michel, German Chancellor Olaf Scholz and Italian Prime Minister Giorgia Meloni watch a skydiving demo during the G7 world leaders summit at Borgo Egnazia, Italy, Thursday, June 13, 2024. G7 also declared that its flagship infrastructure financing initiative, Partnership for Global Infrastructure and Investment, will particularly focus on G7’s outreach to Africa by facilitating investments in energy and climate-friendly infrastructure.

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