US, Taiwan to push an alternative to China's Belt and Road Initiative

An informal US-led alliance to provide an alternative to China’s Belt and Road Initiative will provide greater transparency to countries seeking funding to develop their infrastructure, Taiwan’s finance minister said.
 

Taiwan and the US are moving ahead with a plan to finance infrastructure and energy projects in Asia and Latin America, using capital raised from the private sector to ensure greater transparency, Minister Su Jain-rong said in an interview Wednesday in Taipei. He said he hopes to see the first projects start within the next year or two.
 

The plan, initiated with the signing of an agreement between the US