TABLOID

International Exhibition-cum-Convention CentreNew Delhi, India 5:46 P.M. IST THE PRESIDENT:  Well, ladies and gentlemen, thank you all.  My colleagues, this is — someone once said in a similar domestic action that was positive: This is a big deal.  This is a real big deal.  And I want to thank you, Mr. Prime Minister. One Earth, One Family, One Future: That’s the focus of this G20 Summit.  And in many ways, it’s also the focus of this partnership that we’re going to — that we’re talking about today: building sustainable, resilient infrastructure; making quality infrastructure investments; and creating a better future…

When President Biden took office, he committed to restore the United States’ leadership role in the world, rebuild our relationships abroad, and champion an economic agenda at home and abroad to deliver sustainable and inclusive growth for American families—and families everywhere. This week, at the G20 Summit in New Delhi, President Biden continued to deliver on those commitments. Leading by example and working with partners around the world, the United States and the G20 delivered for developing countries, for our shared planet, and for an inclusive and responsible digital transformation. At a moment when the global economy is suffering from…

President Biden has made turning the tide towards a clean energy transition one of his Administration’s top priorities.  Tackling the climate crisis requires global action, and while in New Delhi, India, for the G20 Leaders’ Summit, President Biden has continued to build innovative partnerships as part of a global effort to combat climate change. Today, on the margins of the G20 Leaders’ Summit, President Biden joined Indian Prime Minister Modi and leaders from Argentina, Brazil, Italy, Mauritius, and the UAE to launch the Global Biofuels Alliance, a partnership to make progress in our shared commitment to deploy cleaner, greener fuels…

Today, we the leaders of the United States, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union announced a Memorandum of Understanding committing to work together to develop a new India-Middle East-Europe Economic Corridor. Announced at the G20 Leaders’ event on the Partnership for Global Infrastructure and Investment, this landmark corridor is expected to stimulate economic development through enhanced connectivity and economic integration across two continents, thus unlocking sustainable and inclusive economic growth.   Through the India-Middle East-Europe Economic Corridor, we aim to usher in a new era of connectivity with a railway, linked through ports connecting Europe, the Middle East, and Asia. The United States and our partners intend to link both continents to commercial hubs and facilitate the development and export of clean energy; lay…

Today, on the margins of the Partnership for Global Infrastructure and Investment (PGII) event at the G20 in India, the United States of America and the European Union welcomed the recent commitment by Angola, Zambia and the Democratic Republic of the Congo to develop the Lobito Corridor connecting southern Democratic Republic of the Congo and northwestern Zambia to regional and global trade markets via the Port of Lobito in Angola. To accelerate this work in partnership with the three African countries, the European Union and the United States are teaming up to support the development of the Corridor, including by…

At the 2023 G20 Summit in New Delhi, India, President Biden and Prime Minister Modi co-hosted a group of G20 leaders to accelerate investments to scale high-quality infrastructure projects and the development of economic corridors through the Partnership for Global Infrastructure and Investment (PGI). The meeting of the leaders from the United States, European Union (EU), France, Germany, India, Italy, Japan, Mauritius, the United Arab Emirates, Saudi Arabia, and the World Bank demonstrated the collective urgency to make meaningful progress in narrowing the infrastructure gap in low- and middle-income countries to enable inclusive and sustainable growth and promote economic activity and…

President Biden is leading a major new initiative with G20 partners to fundamentally reshape and scale up the World Bank to more effectively deliver poverty reduction and inclusive economic growth—while better addressing global challenges that can undermine the achievement of these very goals. Since the Biden-Harris Administration launched this initiative last fall, significant progress has been made.  Thanks to the further leadership of Treasury Secretary Janet Yellen, a growing coalition of countries has come together to reform the World Bank’s mission and vision, incentives, operational model, and financing capacity.  With measures implemented and identified under the G20’s Capital Adequacy Review,…