Financial Cooperation Shaping the Future of the Belt and Road Initiative
Financial cooperation has emerged as a cornerstone in the ongoing development of the Belt and Road Initiative (BRI). Since its inception, China has been instrumental in establishing and promoting multilateral financing platforms, aiming to enhance trade and provide public goods across participating nations.
The question on many minds is how financial collaboration can further empower trade and improve access to financial services in developing countries, ultimately contributing to poverty reduction. To explore these themes, anchor Michael Wang recently convened a discussion with esteemed experts Gu Qingyang, Associate Professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore, and Zhao Yang, Managing Director at CICC Global Institute.
Professor Gu highlighted the significant progress made through financial cooperation, noting that “by fostering inclusive financing mechanisms, the BRI has enabled more individuals and businesses in developing regions to participate in the global economy.”
Zhao Yang added, “Multilateral financing platforms are not just about funding large infrastructure projects; they are about creating sustainable economic growth by providing the necessary financial tools to those who need them most.”
Their insights underscored the vital role of financial collaboration in shaping the BRI’s future, emphasizing that continued efforts in this area are essential for promoting economic development and social well-being across Asia and beyond.
Reference(s):
Live: BRI EconTalk – Shaping BRI's future with financial cooperation
cgtn.com
