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Foreign Policy
Foreign Policy
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Jonathan Tepperman, Fareed Zakaria, Sushma Raman, Edward Alden

The Build Back Better World Partnership Could Finally Break the Belt and Road

Rep. Gregory Meeks listens as U.S. Secretary of State Antony Blinken testifies before the House Committee on Foreign Affairs in Washington on March 10. Ken Cedeno/Getty Images

U.S. President Joe Biden’s first trip abroad showcased America’s return to the world stage, where it is once more leading the vanguard of like-minded trans-Atlantic allies—tied together by shared values of democracy, human rights, and the rule of law. However, to say this was simply a “return to normal” is selling it short.

Following the G-7 meeting in the United Kingdom early in Biden’s trip, the White House announced an agreement to form the Build Back Better World partnership—or the B3W—which would leverage the G-7’s development finance tools in investments in low- and middle-income countries around the globe.

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