Quad Nations To Extend Over USD 50 Bn In Infrastructure aid In Indo-Pacific

Quad nations have announced infrastructure support and investments totaling more than $50 billion in the Indo-Pacific region.

The Quad nations, the United States, India, Australia, and Japan, issued a joint statement following their summit, reaffirming their "common commitment to enhance collaboration on infrastructure, which is important to promoting productivity and prosperity in the Indo-Pacific region."

Prime Minister Narendra Modi, US President Joe Biden, Australian Prime Minister Anthony Albanese, and Japanese Prime Minister Fumio Kishida met in Japan for the Quad Leaders' Summit. The leaders stated that they are committed to "addressing financial concerns that have been aggravated in many nations by the pandemic."

The Quad leaders also pledged to "deepen collaboration and pursue complementary actions in identified areas, such as regional and digital connectivity, clean energy, and climate resilience, including disaster resilience in energy-related facilities, that reflect the region's priorities, including the ASEAN Outlook on the Indo-Pacific, to contribute to sustainable and inclusive growth in the region."

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