Biden says infrastructure investment can be the basis for 'Build Back Better World'

During his speech to the United Nations General Assembly, President Biden said that "transparent and sustainable investment" in infrastructure projects could help developing countries prosper, saying it's the idea behind the “Build Back Better World" initiative.

Video Transcript

JOE BIDEN: There's an enormous need for infrastructure in developing countries. But infrastructure that is low quality or that feeds corruption or exacerbates environmental degradation may only end up contributing to greater challenges for countries over time. Done the right way, however, with transparent sustainable investment in projects that respond to the country's needs and engage their local workers to maintain high labor and environmental standards--

--Infrastructure can be a strong foundation that allows societies in low and middle income countries to grow and to prosper. That's the idea behind the Build Back Better World. And together with the private sector and our G7 partners, we aim to mobilize hundreds of billions of dollars in infrastructure investment.

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