Blue Dot Network

Development strategy and framework proposed by the United States / From Wikipedia, the free encyclopedia

Dear Wikiwand AI, let's keep it short by simply answering these key questions:

Can you list the top facts and stats about Blue Dot Network?

Summarize this article for a 10 years old

SHOW ALL QUESTIONS

The Blue Dot Network (BDN) is a multi-stakeholder initiative formed by the United States, Japan,[1] and Australia to provide assessment and certification of infrastructure development projects worldwide on measures of financial transparency, environmental sustainability, and impact on economic development, with the goal of mobilizing private capital to invest abroad.[2][3]

Quick facts: Formation, Founders, Purpose, Location, Regio...
Blue Dot Network
FormationNovember 4, 2019; 3 years ago (2019-11-04)
Founders
PurposeProvide assessment and certification of infrastructure development projects
Location
  • Worldwide
Region served
Americas, Asia, Europe, Oceania
WebsiteBlue Dot Network
Close

It was initially led by the U.S. International Development Finance Corporation (DFC), Japan Bank for International Cooperation, and Department of Foreign Affairs and Trade of Australia.

In June 2021, the Group of Seven (G7) announced the adoption of the Build Back Better World (B3W) initiative to counter China's BRI.[4] Thereafter, the Blue Dot Network was co-opted into the B3W initiative.[5]