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Free AccessBiden-Working w/Congress To Invest USD40bn In Pacific Island Infra
Speaking at a meeting of Pacific Islands national leaders hosted at the White House, US President Joe Biden states that his administration is "working with Congress to invest USD40bn in Pacific Island infrastructure." Adds that the "US is committed to a free, open, prosperous and secure Indo-Pacific region." The prospect of a full USD40bn package of infrastructure projects being invested in the geographically vast region remains slim, though, given the difficulty the administration has in getting much more high-profile commitments, such as Ukraine aid, through Congress.
- Livestream: https://www.youtube.com/watch?v=uk2Fzh3JmPY
- The forum of leaders comes amid US efforts to re-engage with the nations of the Pacific. The shift in the diplomatic relations of the Solomon Islands in a much more pro-Beijing direction caused significant concern in Washington, D.C., The establishment of diplomatic relations with the Cook Islands and Niue, two nations of 17k and 1k people respectively, highlights this effort.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.