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G7 wants to force-feed developing countries with ‘Clean Green’ loans

The group of seven, or G7, wants to compete with China’s Belt and Road Initiative, also known as The New Silk Road, with a global infrastructure plan.

The’ Clean Green Initiative ‘ is intended to support sustainable development and green transition in developing countries, according to the sources.

China has strengthened its position as a world power in recent years with its new Silk Road, financing infrastructure projects in numerous countries, among other things.

The G7 plan will provide alternative infrastructure opportunities with a greater emphasis on labour and environmental standards, transparency and private sector involvement, officials said.

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