US administration, along with the Japanese and Australian governments, are reviving the 'Blue Dot Network' infrastructure initiative to provide an alternative to China's Belt and Road Initiative (BRI).
The Blue Dot Network was first announced during former President Donald Trump's administration, and kicked off talks among stakeholders in Paris after a prolonged period of inactivity.
The initiative, which would certify projects meeting such standards as transparency and sustainability, is meant to galvanise the private sector to invest in infrastructure development in emerging markets.
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