Prime Minister Justin Trudeau announced pledges Tuesday to help developing countries improve their infrastructure, go green and make COVID-19 vaccines, at a G20 summit that has been overshadowed by geopolitics.
Trudeau has earmarked $750 million for a Crown corporation to finance infrastructure projects in Asia over three years, starting next March.
Trudeau told leaders that sovereign wealth funds can help governments abroad build schools and hospitals. Yet geopolitics will likely overshadow the pledges leaders make at the summit, as countries debate how to respond to Russia’s invasion of Ukraine and China’s growing assertiveness. “There is a reckoning within the G20 that not only is the war in Ukraine — and Russia’s illegal and unjustifiable invasion of Ukraine — a tremendous human toll … it has a really big impact on the global economy, and on households at the grocery stores,” she told reporters.
Trudeau’s office said he told his peers that the claims were “absolute garbage” and that leaders must work with facts.
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