[5] According to an article by Center for Strategic and International Studies, PGII is the repackaged version of the Build Back Better World (B3W) initiative which President Biden announced at the 47th G7 summit in the United Kingdom.

On 4 November 2019, U.S Under Secretary of State Keith Krach formally launched the Blue Dot Network with his Australia and Japan counterparts with access to $60 billion of capital from the DFC at the Indo-Pacific Business Forum.

In all three economic pillars, Under Secretary Krach engaged in US-ASEAN Business Council and U.S. Chamber of Commerce by implementing advanced U.S. efforts in establishing a set of global trust standards.

[18] On 12 June 2021, the Group of Seven (G7) announced the adoption of the Build Back Better World (B3W) initiative built off the progress and principles of the Blue Dot Network to counter China's BRI[19] to address the $40 trillion worth of infrastructure needed by developing countries by 2035.

[28] The PGII efforts are in line with the standards and trust principles of the Blue Dot Network (BDN), which Under Secretary of State Keith Krach formally launched in 2019 at the Indo-Pacific Business Forum in Bangkok.

[29] These global trust standards, which are based on "respect for transparency and accountability, sovereignty of property and resources, local labor and human rights, rule of law, the environment, and sound government practices in procurement and financing.

[36] According to Singapore Forum experts, with the advent of the G7-led PGII, notions such as economic development and foreign direct investment could be "merged" with geopolitical and military objectives: The US-led G7 and Nato bloc [is] accelerating its ‘pivot to Asia’: the perceived enemy being China, and the weapon of choice infrastructure finance, focusing on energy and transport assets, and massive private equity investments in semiconductors, liquified natural gas terminals and agribusiness, etc."..

[Singapore Forum director] Nicolas Firzli notes that the US administration of president Joe Biden has successfully convinced its partners in Paris, Berlin, Rome and Tokyo to ‘develop a values-driven, high-impact and transparent infrastructure partnership’ to counter China's Belt and Road Initiative.

"China has already established solid positions, lower costs and superior technical skills, notably in the fields of civil engineering, construction, high-speed rail and renewable energy.