G7 leaders seeking to rival China have adopted a plan to support lower- and middle-income countries in building better infrastructure.

US President Joe Biden said he wanted the US-backed Build Back Better World (B3W) plan to be a higher-quality alternative to a similar Chinese programme.

China’s Belt and Road Initiative (BRI) has helped finance trains, roads, and ports in many countries.

However, details of how the G7 plan will be financed remain unclear. German Chancellor Angela Merkel said the group was not yet at a stage to release financing for its initiative.

The G7, the world’s seven wealthiest democracies, have also committed to a new plan to stop future pandemics.

The measures include cutting the time needed to develop and license vaccines and treatments for Covid-19 to under 100 days. The plan will be officially unveiled on Sunday, alongside the final summit communique.

UK Prime Minister Boris Johnson is hosting the three-day gathering at the seaside resort of Carbis Bay.

(BBC)