Build Back Better World

Build Back Better World (B3W) is an initiative undertaken by the G7. Launched on June 12, 2021, it would provide an alternative to China's Belt and Road Initiative (BRI) for infrastructure development of low- and middle-income countries.

The initiative seeks to address the $40 trillion worth of infrastructure needed by developing countries by 2035. The initiative aims to catalyze funding for quality infrastructure from the private sector and will encourage private-sector investments that support "climate, health and health security, digital technology, and gender equity and equality". The initiative builds on the Blue Dot Network, a co-opted collaboration that aims to build a global network through lending-based financing to build roads, bridges, airports, ports, power plants.

As of at least early 2024, proposed B3W investment has not been detailed beyond the program's general principles.