G20 summit: Trudeau pledges $830M in funding for developing countries
“It will also make our supply chains stronger and create good jobs,” Trudeau said in remarks prepared for a closed-door event hosted by Indonesia, the U.S. and the European Union.The funding will be administered by FinDev Canada, which currently has a mandate to operate in Sub Saharan Africa, Latin America and the Caribbean. It will now also help fund projects in developing countries in Asia.
The funding will also support projects that help developing countries manufacture COVID-19 mRNA vaccines.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. Trudeau’s office says he told his peers that the claims were “absolute garbage” and that leaders must work with facts.Trudeau also spoke Tuesday with Chinese President Xi Jinping, and his office says he raised concerns about Chinese interference in Canada, following claims of de facto police stations operating in Canada and of China reportedly meddling in the 2019 general election.
“This is a very different China. President Xi in a consolidated position. If he’s not the new Mao, he’s certainly in a position where he can be a central figure that can work in a way that we didn’t anticipate when the G20 was created.”
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