In 2021, the EU launched its Global Gateway scheme as a counterweight to China's Road and Belt initiative. Now, the first Forum with partners is taking place in Brussels.
EU and China compete with global investment schemes thestreetjournal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreetjournal.org Daily Mail and Mail on Sunday newspapers.
The EU Commission invited leaders from the so-called 'Global South' to Brussels to promote its Global Gateway following years of unclarity and underperformance.
Some 100 representatives of civil society organisations, including Transparency International EU and Oxfam, accuse German Green MEP Reinhard Bütikofer of disrespecting a moderator because she was a woman of colour and want him reprimanded.
Supply chain woes and growing inflation concerns pushed aside a widening gap in COVID-19 vaccinations and mounting debt problems for developing countries as the top concerns for global policymakers at International Monetary Fund and World Bank annual meetings this week.