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HIROSHIMA, Japan, May 20 (Reuters) – Leaders of the world’s richest democracies are seeking to bridge a huge gap with developing economies by focusing on infrastructure and debt reduction, officials said, as part of a strategy to weaken China’s influence in low-income countries. .

Ukraine will again be a focus for Group of Seven (G7) leaders as they gather on Saturday for the second day of a three-day summit in the Japanese city of Hiroshima, where President Volodymyr Zelensky is also due to arrive.

The spread of the “Global South” is the theme of the summit, highlighting both the economic importance of countries like India and China’s massive inroads into emerging markets; building infrastructure and expanding financing.

Members of the G7, made up of the United States, Japan, Germany, France, Britain, Italy and Canada, are increasingly focused, officials said, on how China’s influence in low- and middle-income countries affects supply chains and economies. on security.

The group is due to issue a statement on economic security, the US official said. Russia’s war in Ukraine has also caused undue harm to low-income countries, G7 members say.

“We remain concerned that serious debt sustainability challenges are undermining progress towards the Sustainable Development Goals,” the leaders said in a draft of their final communiqué obtained by Reuters on Friday.

“Low- and middle-income countries are disproportionately affected by Russia’s war of aggression against Ukraine,” the draft states.

Reuters G7 Team Report in Hiroshima; Written by David Dolan; Editing by Nick McPhee

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