Biden Develops Rival To China's Belt And Road, Starting In Latin America

Biden Develops Rival To China's Belt And Road, Starting In Latin America

Andrew H. Sweet

Daleep Singh, the U.S. deputy national security adviser for international economics, is traveling to Colombia, Ecuador, and Panama to talk with high-level officials, business leaders, and civic activists about infrastructure needs, according to U.S. officials who briefed reporters.

The White House says it wants to engage in projects with higher environmental and labor standards than those China is funding, with full transparency for the financial terms, the officials said.

Last year, the U.S. administration and Taiwan announced a partnership to fund some projects in Latin America to counter China's influence (Panama switched allegiance from Taiwan to China shortly before signing onto the BRI).

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