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Build Back Better World (B3W) has been recently in the news. Which of the following statements most appropriately describes it.
  • a)
    UN-Habitat Initiative for sustainable Urbanisation.
  • b)
    Russia development project in Central Asia.
  • c)
    Normalisation between Israel and Gulf Countries.
  • d)
    Development Project of G7 countries.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Build Back Better World (B3W) has been recently in the news. Which of ...
  • The Build Back Better World (B3W) is an international infrastructure investment initiative announced by the Group of Seven (G-7) richest democracies in June 2021.
  • The B3W initiative is being seen as the US' initiative to counter China's Belt and Road Initiative (BRI).
  • The Build Back Better Plan is a Covid-19 relief, future economic, and infrastructure package proposed by G-7 countries for developing and lower-income countries.
  • Components of B3W: Through B3W, the G7 and other like-minded partners will coordinate in mobilizing private-sector capital in four areas of focus:
    • Climate,
    • Health and health security,
    • Digital technology,
    • Gender equity and equality.
  • Hence, option D is correct.
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Build Back Better World (B3W) has been recently in the news. Which of the following statements most appropriately describes it.a)UN-Habitat Initiative for sustainable Urbanisation.b)Russia development project in Central Asia.c)Normalisation between Israel and Gulf Countries.d)Development Project of G7 countries.Correct answer is option 'D'. Can you explain this answer?
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