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TELFS-BUCHEN, Austria—The U.S. and allies on Sunday laid out plans to invest hundreds of billions of dollars for infrastructure projects in developing countries in an attempt to challenge autocracies and address a similar program by China.
President Biden, meeting with the Group of Seven leaders in Germany, said the U.S. would contribute $200 billion over five years toward the Partnership for Global Infrastructure and Investment, from a $2 billion solar project in Angola to a $600 million submarine telecommunications cable connecting Singapore to France.
