“President Biden is set to arrive in New Delhi on Friday for a global summit meeting where he will present the United States as an economic and strategic counterweight to China and Russia, taking advantage of the absence of leaders from those two countries, who are skipping the gathering,” the New York Times reports.
“Mr. Biden is bringing with him the promise of up to $200 billion in new development funds for climate change, food security, public health and other infrastructure needs in less developed countries through revamped international financing institutions like the World Bank, leveraged by a relatively small investment by the United States.”