00:00 representatives of the Italian and U.S. private sector.
00:04 The Partnership for Global Infrastructure and Investment is among the strategic projects
00:10 launched within the G7 to support the development and economic growth of the most fragile nations.
00:19 For too long, Africa has been misunderstood and exploited, looked down or from above.
00:27 But Africa is instead a continent that can surprise if put in the conditions to take
00:33 advantage of what is extraordinary about it.
00:38 It is up to us to collaborate with African nations and to build with them new development
00:42 opportunities with a peer-to-peer approach in order to grow together.
00:47 We want to do it not through lectures and documents, but with facts.
00:55 I think we stand at an inflection point in history.
00:57 It occurs every five or six, seven generations.
01:02 And the decisions I think we make now are going to determine the course of our future
01:05 for the next five or six decades.
01:08 And I truly believe the infrastructure we're building and the investments we're making
01:13 through PGI are going to help us set that course in a fundamentally stronger path than
01:18 otherwise would be the case.
01:19 To close, I'm incredibly optimistic about our collective opportunity and I'm looking
01:20 forward to working with you.
01:21 I think this is a game-changer.
01:28 I really do.
01:29 We had a continent that's going to have over two billions of people very shortly, and it
01:35 really is a game-changer.
01:36 All told, I'm proud to announce the United States has mobilized more than $60 billion
01:47 in investments around the world thus far.
01:50 That's double what we were last year.
01:52 Now, we've still got a long way to go to close the infrastructure gap that holds too many
01:58 countries back.
01:59 But together, I think we're showing that democracies can deliver.
02:03 This is an important moment to be able to do that.
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