British Investment Partnerships to mobilise $40 billion by the end of 2027 for global infrastructure and economic development UK development finance institution confirms first investment in Asia PM will reaffirm UK commitment to reinvigorating the Sustainable Development Goals at the G7 Prime Minister Rishi Sunak had redoubled the UK’s commitment to mobilising billions in public and private finance to help get the Sustainable Development Goals back on track at the G7 in Japan. The UK’s development finance institution, British International Investment, is announcing its first investment in the Indo-Pacific today. The $15 million [£12m] investment in the SUSI Asia Energy Transition Fund will support renewable energy, energy storage and microgrid projects across the continent. The G7 launched the global infrastructure investment initiative under the UK’s presidency in Carbis Bay in 2021, to provide transparent and reliable sources of finance to build vital and long-neglected infrastructure in low and middle income countries, from bridges and roads to renewable energy grids. The Prime Minister will confirm today, ahead of a side event on the Partnership for Global Infrastructure Investment at the G7, that the UK will aim to mobilise $40 billion in financing for sustainable infrastructure investment and economic development by the end of 2027. UK public and private financing has already helped to kickstart a huge range of projects, from wind and solar projects in India to sustainable energy supplies for hospitals in Africa. Prime Minister Rishi Sunak said: “We know the transformative power of reliable, responsible private investment. It’s the spark that is helping us to build ports in Senegal and Somaliland, hydropower projects in Rwanda and offshore wind in India. “The UK is committed to ensuring the Partnership for Global Infrastructure and Investment delivers the financing the world needs to lift communities out of poverty.” The UK is also working with G7 partners to reform the international tax architecture and make the international financial system more responsive to developing countries’ needs, for example by including Climate Resilient Debt Clauses (CRDCs) in new lending. These clauses allow debt repayments to be suspended when climate shocks, such as hurricanes, hit. This in turn frees up resources to quickly respond to crises. The UK’s Export Finance was the first Export Credit Agency to offer CRDCs and the first deals using this new approach are set to be announced over the next few months. This is part of the UK’s broader work with partners to build a bigger, better and fairer international financial system. /Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here. PayPal – The safer, easier way to donate online! Why? Tags:Africa, Asia, British, Economic Development, G7, Government, India, Japan, PM, Prime Minister, renewable energy, Rwanda, Senegal, Somaliland, Sustainable development, UK, UK Government You might also like Strong Legs Improve Prognosis in Heart Attack Patients Spanish Team Presents First Treatment to Improve Cardiac Function in Stiff-Heart Syndrome Guns, Gas, and Gold: Sahel Trafficking Tickle Me Not: Why Some People Are More Ticklish Timeline Samantha Power visits Chad to aid Sudan crisis response 5:14 AM AEST Secretary Blinken Speaks with Sudanese General Burhan 4:56 AM AEST Police responding to fatal traffic crash at Midgenoo 4:48 AM AEST Cardiac Pacing Guideline Released by HRS, APHRS, and LAHRS 4:32 AM AEST USS John Finn Commanding Officer Relieved of Duties 4:20 AM AEST Two Men Arrested in Connection with Man’s Body Found 4:06 AM AEST US, Partners to Provide $275M for Romania Small Modular Reactor Project, US Issues $4B Letters of Interest in Project Financing 3:58 AM AEST UK PM to Meet President Yoon Suk-Yeol on May 20, 2023 3:16 AM AEST Remote Monitoring Cuts Heart Failure Hospitalizations, Boosts Quality of Life 2:56 AM AEST Strong Legs Improve Heart Attack Prognosis 2:56 AM AEST Voice civics information campaign kicks off 2:04 AM AEST OneWeb’s Beam-Hopping Satellite Launches into Space 1:45 AM AEST ICC Condemns Coercive Measures Against Officials 1:44 AM AEST Global Affairs Canada Issues Statement on Columbia River Treaty Talks 1:32 AM AEST Presidency of Assembly of States Parties Supports International Criminal Court 1:14 AM AEST WHO launches global network to detect and prevent infectious disease threats 1:02 AM AEST Quad Leaders Pledge Enduring Indo-Pacific Partnership 12:16 AM AEST Quad Leaders’ Summit: Biden, Kishida, Modi, and Albanese Speak 12:16 AM AEST Strong Legs Improve Prognosis in Heart Attack Patients 12:03 AM AEST Spanish Team Presents First Treatment to Improve Cardiac Function in Stiff-Heart Syndrome 12:02 AM AEST Remote Monitoring Lowers Heart Failure Hospitalizations, Enhances Quality of Life 12:02 AM AEST White House Issues Hiroshima Action Statement on Global Food Security 11:46 PM AEST Belarus Holds Over 1,500 Political Prisoners 11:26 PM AEST UK Prime Minister Holds Talks with Indonesian President: May 20, 2023 11:20 PM AEST UK PM to Meet President Zelenskyy of Ukraine 11:14 PM AEST Guns, Gas, and Gold: Sahel Trafficking 11:14 PM AEST Quad Leaders’ Vision Statement: Indo-Pacific Partnerships 11:12 PM AEST Quad Leaders’ statement 11:06 PM AEST Show More Popular Topics AustraliaGovernmentuniversitycommunitypoliceAustralianresearchNSWVictoriaProfessorhealthenvironmentMinisterQueenslandbusinesscouncilcovid-19UKlocal councilNew South WalesinfrastructureInvestmenteducationindustrytechnologyinvestigationAusPolUnited StatesprojectcrimeEmergencysustainableNew ZealandUK GovernmentQLDScientistsfutureSydneyPresidentclimate changeamericaImpactcourtInternetincident Latest News UpdatesPrivacy PolicyDisclaimerCode of EthicsContact UsAbout UsComplaints Mirage.News real-time media portal. We acknowledge the traditional owners of country throughout Australia. All timestamps on this site are AEST/AEDT and all times in the articles are local times unless indicated otherwise. All trademarks and rights are owned by their respective owners. All content is used for news reporting purposes. For news reporting purposes, we rely on fair use (fair dealing) [1] [2]for textual and media content to keep the public informed on the developments. If you are a person mentioned in the story or you are a copyright holder and believe that any content should be removed, revised or taken down, please contact us. See our disclaimer page. The UK is committed to ensuring the Partnership for Global Infrastructure and Investment delivers the financing the world needs to lift communities out of poverty.” The UK is also working with G7 partners to reform the international tax architecture and make the international financial system more responsive to developing countries’ needs, for example by including Climate Resilient Debt Clauses (CRDCs) in new lending. These clauses allow debt repayments to be suspended when climate shocks, such as hurricanes, hit. This in turn frees up resources to quickly respond to crises. The UK’s Export Finance was the first Export Credit Agency to offer CRDCs and the first deals using this new approach are set to be announced over the next few months. This is part of the UK’s broader work with partners to build a bigger, better and fairer international financial system. Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the a Why? Tags:Africa, Asia, British, Economic Development, G7, Government, India, Japan, PM, Prime Minister, renewable energy, Rwanda, Senegal, Somaliland, Sustainable development, UK, UK Government

$