In a bid to provide an alternative to China's multibillion-dollar Belt and Road infrastructure initiative, Washington has announced its 'Blue Dot Network' designed to fund infrastructure"sustainably".Its authors say it will act as a counterweight to China's Belt and Road infrastructure fundThe plan's name is a reference to the late scientist Carl Sagan's book Pale Blue Dot and the photo of Earth taken by Voyager 1 from more than 6.4 billion kilometres away.
US Commerce Secretary Wilbur Ross announced the move — led by the US Overseas Private Investment Corporation , the Japan Bank for International Cooperation , and the Australian Department for Foreign Affairs and Trade — on the sidelines of the 35th Association of Southeast Asian Nations summit in Thailand on Tuesday.
More and more countries are choosing to ink agreements with China on its trillion-dollar Belt and Road initiative, but what are countries actually agreeing to when they sign on? In a statement on the OPIC website, the network is designed to bring the public and private sector together to"promote high-quality, trusted standards for global infrastructure development in an open and inclusive framework".
"Blue Dot Network will evaluate and certify nominated infrastructure projects based upon adherence to commonly accepted principles and standards to promote market-driven, transparent, and financially sustainable infrastructure development in the Indo-Pacific region and around the world," the statement read.
We knew this was on its way, but I really like the name Blue Dot Project. BDP. Much better than Belt and Road , where the Belt is a road, and the Road is a shipping lane.. so confusing and lame. China will run out of money well before much of it happens
BREAKING: anchor arobach caught on 'hot mic' in August disgustedly exposing networks decision to strategically spike bombshell investigation into Jefferey Esptein over THREE YEARS AGO. Says what she had was 'unbelievable' EpsteinCoverup:
Nothing to see here folks, carry on EpsteinCoverup
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