Development finance with Chinese characteristics: financing the Belt and Road Initiative

Author
Hongsong Liu, Yue Xu, Xinzhu Fan
Content Type
Journal Article
Journal
Revista Brasileira de PolĂ­tica Internacional (RBPI)
Volume
63
Issue Number
2
Publication Date
Institution
Brazilian Center for International Relations (CEBRI)
Abstract
The Belt and Road Initiative (BRI) is clearly aimed at international development, and designed to jointly build a regional economic cooperation framework that is open, inclusive and balanced. Financial integration is the cornerstone of the BRI, and development finance is the most widely used mode of cooperation in financing. Development finance with Chinese characteristics is concessional and development-oriented, differing from Official Development Finance (ODF) defined by the OECD. Based on its development experiences, China applies development finance with Chinese characteristics to the BRI projects. This benefits countries along the Belt and Road by facilitating their sustainable development.
Topic
International Cooperation, International Development, Belt and Road Initiative (BRI), Development Aid
Political Geography
China, Global South