The European Union (EU) has announced an investment plan of 300 billion euros (40 340 billion) to compete with China's Belt and Road.
The President of the European Commission says that the EU's Global Gateway Scheme needs to be made a trusted brand. Countries need trusted partners with whom to launch long-term projects. The European Union wants to show how sustainable development projects can be launched in developing countries, including climate change and global health security, by adopting democratic thinking.
According to the BBC, the main target of the EU's plan will be the continent of Africa.
