Sunak mobilises $40bn for ‘global infrastructure investment’? What planet is he on?

Yesterday the PM pledged billions “to help get Sustainable Development Goals back on track”

Montage © Facts4EU.Org 2023

Does he have any clue about the British people’s real priorities?

Yesterday (Sat 20 May 2023) the Prime Minister announced a “commitment to mobilising billions in finance to help get the Sustainable Development Goals back on track.”

No, we didn’t have any idea what this meant either. All we knew was that $40bn (approx £32bn) is a lot of cash. We decided to investigate.

Brexit Facts4EU.Org Summary

‘British Investment Partnerships’ will mobilise $40 billion by the end of 2027 for global infrastructure and economic development
The UK development finance institution confirms first investment in Asia
PM has reaffirmed UK commitment to reinvigorating the Sustainable Development Goals at the G7

[Source: No.10, 20 May 2023.]

Forget the UK, the former banker PM is on a world mission

Prime Minister Rishi Sunak has “redoubled the UK’s commitment” to mobilising billions in public and private finance to help get the Sustainable Development Goals back on track at the G7 in Japan.

The UK’s development finance institution, British International Investment, announced its first investment in the Indo-Pacific yesterday. The $15 million (£12m) investment in the SUSI Asia Energy Transition Fund will support renewable energy, energy storage and microgrid projects across the continent.

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The G7 launched the global infrastructure investment initiative under the UK’s presidency in Carbis Bay in 2021, to provide transparent and reliable sources of finance ”to build vital and long-neglected infrastructure in low and middle income countries, from bridges and roads to renewable energy grids.”

Yesterday the Prime Minister confirmed ahead of a side event on the Partnership for Global Infrastructure Investment at the G7, that the UK will aim to mobilise $40 billion in financing for sustainable infrastructure investment and economic development by the end of 2027.

This is for a range of initiatives, from wind and solar projects in India to sustainable energy supplies for hospitals in Africa.

Prime Minister Rishi Sunak said:

“We know the transformative power of reliable, responsible private investment. It’s the spark that is helping us to build ports in Senegal and Somaliland, hydropower projects in Rwanda and offshore wind in India.
“The UK is committed to ensuring the Partnership for Global Infrastructure and Investment delivers the financing the world needs to lift communities out of poverty.”
The Rt Hon Rishi Sunak MP, Japan, 20 May 2023

"And by the way my name's Rishi Sunak, not Rasheed Sanook, you doddering old fool."

The UK is also working with G7 partners to “reform the international tax architecture and make the international financial system more responsive to developing countries’ needs”, for example by including “Climate Resilient Debt Clauses” (CRDCs) in new lending.

Observations

Words almost fail us. The UK is creaking at the seams due to mass immigration, overflowing schools, more than seven million on the NHS waiting list, a cost of living crisis, and a chronic shortage of housing. The benefits of Brexit are not even close to be being delivered and Northern Ireland is now a colony of the European Union.

Despite all of this, the British Prime Minister was grandstanding yesterday on the world stage in Japan – where he is attending the G7 Summit - pledging tens of billions of pounds for ‘Net Zero’ projects for other countries.

We have to wonder who is advising him. Presumably these people are not dissimilar to the heads of various Civil Service departments. All his advisers should be fired, if the Prime Minister is to have any hope of being elected (don’t forget he was never elected by his Party, only by his colleagues in Westminster) at the next general election.

As a non-partisan organisation we look at parties’ policies and how they match up to the promises of Brexit, as well as other issues such as immigration, cancel culture, ‘climate change’, gender issues, freedom of speech, etc. Sadly there isn’t one party in Westminster that remotely comes up to scratch.

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[ Sources: No.10 ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Sun 21 May 2023

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Reader Comments 8

1. Sparky , Sunday, May 21, 2023, 06:03:

Levelling up fund.

2. Have You Wondered , Sunday, May 21, 2023, 07:39:

.
Have You Wondered just how out of touch Parliament is?
.
Search todays news:
politico article westminster canteens inflation prices uk cost of living crisis
.
Food for thought?
.
Why does the UK need another level of corruption above that which the UK has already?
.

3. RW52 , Sunday, May 21, 2023, 07:42:

Sunak (and Hunt) are only doing what their elite masters are telling them...I fear for MY country.

4. Have You Wondered , Sunday, May 21, 2023, 08:06:

.
3. RW52 Here might be the answer - China.
.
"The strategy is published in the context of reduced UK aid spending and the Government’s wider foreign policy intentions to increase UK efforts in Africa and the Indo-Pacific, partly in response to China.
Aid spending was an estimated £3 billion lower in 2021 than 2020 (£14.5 billion versus £11.5 million). "
.
Perhaps nations have woken up to the Chinese threat? Cynical as I am - this move might be correct - or is it another globalist agenda? Or a mixture of both? Time will tell.
.

5. LuxuryBalloon , Sunday, May 21, 2023, 13:02:

Many UK businesses are still trying to sell goods and services to the EU and have not yet reoriented their business models to focus on the rest of the world. I have the impression that the PM is trying to stimulate that much needed reorientation of UK business through this ‘global infrastructure investment’. Which is a good thing and should be applauded by Facts4EU … instead of publishing this scathing article.

6. glen cullen , Sunday, May 21, 2023, 17:25:

So not content on just pushing net-zero on the UK, Sunak via the mechanism of this UN ‘sustainable development goal’ are now attempting to push net-zero on the rest of the world

7. Ashley Great Britain , Monday, May 22, 2023, 09:49:

Get your own house in order first.
Gobsmacking.

8. John Hardman , Monday, May 22, 2023, 10:58:

Absolutely disgraceful 🤬

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