11/29/2021, 2:58 PM (Source: TeleTrader)
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EU looks to invest €300B in global infrastructure - report

The European Union intends to invest €300 billion in infrastructure and other projects as part of its new Global Gateway plan, the Financial Times reported on Monday.

The report indicates that the European Commission wants to integrate public and private spending, alongside co-opting Member States spending, to fund the investments.

The investments in developing countries should be completed by 2027, with the EU reportedly hoping it will help it expand its global influence and successfully counter China's Belt and Road Initiative.

Baha Breaking News (BBN) / OL