Brief by Shorts91 Newsdesk / 12:56pm on 15 Jun 2024,Saturday India Global
Leaders at the G7 Summit in Italy have pledged to enhance the India-Middle East-Europe Economic Corridor (IMEC), focusing on connectivity and economic integration across Asia, the Middle East, and Europe. Prime Minister Narendra Modi participated, emphasizing collaborative infrastructure projects under the Partnership for Global Infrastructure and Investment (PGII). The IMEC initiative aims to counter China's Belt and Road Initiative (BRI) with transparent investments. The summit also reiterated support for a free Indo-Pacific and announced USD 50 billion in loans for Ukraine amid ongoing tensions with Russia.
