The top leaders of India, the US, Australia and Japan vowed on Tuesday to provide more than $50 billion in infrastructure aid and investment in the Indo-Pacific over the next five years as China’s influence in the region grows.
The four-way partners will combine decades of skills and experience to facilitate the delivery of infrastructure to strategically important areas.

Quad leaders pledged to work closely with partners and the region to drive public and private investment to bridge the gap. To achieve this, Quad will seek to provide more than $50 billion in infrastructure assistance and investment in the Indo-Pacific over the next five years, the statement said.

“We reaffirmed our shared commitment to deepening infrastructure cooperation, which is critical to driving productivity and prosperity in the Indo-Pacific. We also work together to address debt problems, which have been exacerbated by the pandemic in many countries,” the statement said.

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The four countries are widely seen as checks and balances against China’s growing influence in the region. But members stressed that it is an organisation that promotes so-called “pragmatic cooperation” in areas such as covid vaccines, infrastructure, climate change and key technologies.