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At the 2022 G20 Summit in Bali, Indonesia, President Biden, Indonesian President Widodo, and European Commission President Von der Leyen co-hosted a group of G20 leaders to demonstrate their shared commitment to deepen engagement under the Partnership for Global Infrastructure and Investment (PGII) to accelerate investment in quality infrastructure in low- and middle-income countries around the world and strengthen the global economy.
In line with the G20 theme for 2022, “Recover Together, Recover Stronger,” PGII investments aim to create lasting positive impacts for partner countries, strengthen the resilience of communities, and support inclusive, sustainable development, as well as benefit partners’ economic security and global supply chains.
On the margins of the Summit, President Biden, President Widodo, and President Von der Leyen met with leaders and ministers from Argentina, Canada, France, Germany, India, Japan, the Republic of Korea, Senegal, and the United Kingdom, to highlight PGII collaboration and support among likeminded partners globally. The leaders showcased the ways in which PGII partners are coming together to finance transformative infrastructure and to mobilize the private sector as drivers of quality global infrastructure and investment. This event comes at the end of a week of additional PGII project announcements by President Biden, including at COP, the ASEAN Summit, and in a bilateral meeting with G20 host, Indonesia.
In his remarks, President Biden delivered an update on PGII’s progress and impact to date. He announced new projects and followed up on several announced in June 2022 at PGII’s G7 formal launch, providing concrete examples of how the United States and its partners are working together to mobilize capital to deliver quality infrastructure and sustainable development.
New projects announced include:
Project updates included:
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The White House
1600 Pennsylvania Ave NW
Washington, DC 20500