G20 summit: Trudeau pledges $830M in funding for developing countries
Global News
Trudeau also spoke Tuesday with Chinese President Xi Jinping, and his office says he raised concerns about Chinese interference in Canada.
Prime Minister Justin Trudeau is announcing funding for developing countries to improve their infrastructure and make COVID-19 vaccines, at a G20 summit where geopolitics looms over work to shore up global economic systems.
At the G20 summit in Indonesia, Trudeau pledged Monday $750 million for a Crown corporation to finance infrastructure projects in Asia over three years, starting next March.
It’s the largest chunk of the forthcoming Indo-Pacific strategy that the Liberals have announced so far, and part of a G20 project meant to help low- and middle-income countries have safer and more sustainable cities.
“It will also make our supply chains stronger and create good jobs,” Trudeau said in remarks prepared for a closed-door event hosted by Indonesia, the U.S. and the European Union.
The funding will be administered by FinDev Canada, which currently has a mandate to operate in Sub Saharan Africa, Latin America and the Caribbean. It will now also help fund projects in developing countries in Asia.
Trudeau told leaders that sovereign wealth funds can help governments abroad build schools and hospitals.
“If we want to close the infrastructure gap, we need to continue finding ways to incentivize greater private sector investment. No amount of public money can single-handedly fix this issue,” the prime minister’s remarks read.
Trudeau is also announcing $80 million for global health systems, with most of the funding going to a World Bank project that helps countries prevent pandemics and respond to them.
The deadly haze covered monuments and high-rise buildings in the capital of New Delhi, with visibility so low that airlines warned of delays.
The death is being investigated by federal authorities but "the preliminary cause" has been ruled an accident.
The incident took place more than a month ago, on October 13, but it wasn't reported until the British tabloids got wind of the story.
Health officials said Saturday they have confirmed the first U.S. case of a new form of mpox that was first seen in eastern Congo.
Washington is easing limits on what Ukraine can strike with U.S.-made weaponry, U.S. officials told The Associated Press on Sunday.
Ukraine plans to conduct its first long-range attacks in the coming days, sources said, without revealing details due to operational security concerns.
Concerns storm surges could raise water levels between one and three feet above ground level as Tropical Storm Sara makes landfall in Belize.
Air defenses could be heard engaging drones over Kyiv in the night, and a series of powerful blasts rang out across the city as the missile attack was under way in the morning.
John Kirton, head of the G20 Research Group, says the forum is the main tool countries have to prepare for the second Donald Trump presidency.
Israeli airstrikes on the village of Khreibeh in the Baalbek District of eastern Lebanon killed six people on Saturday, including three children the Lebanese health ministry said.
The APEC summit marked the end of trade talks that should lead to Canada signing a new deal with the world's fourth-most populous country next year.