Belt and Road Initiative - World Bank Group BRI transport projects have the potential to substantially improve trade, foreign investment, and living conditions for citizens in participating countries—but only if China and other corridor economies adopt deeper policy reforms that increase transparency, expand trade, improve debt sustainability and mitigate environmental, social and
Success of China’s Belt Road Initiative Depends on Deep Policy . . . Millions Could Be Lifted Out of Poverty, But Countries Face Significant Risks WASHINGTON, June 18, 2019—China’s Belt and Road Initiative (BRI) could speed up economic development and reduce poverty for dozens of developing countries—but it must be accompanied by deep policy reforms that increase transparency, improve debt sustainability, and mitigate environmental, social, and
Belt and Road Economics: Opportunities and Risks of Transport Corridors BRI transport projects can expand trade, increase foreign investment, and reduce poverty—by lowering trade costs Yet, for some countries, the costs of new infrastructure could outweigh the gains If fully implemented, BRI transport projects could increase trade between 1 7 and 6 2 percent for the world, increasing global real income by 0 7
Belt and Road Initiative: A global effort for local impact. Connecting . . . The World Bank Group is already deeply engaged in countries along the BRI corridor, based on our joint country partnership frameworks The World Bank has commitments of about $80 billion dollars for infrastructure in Belt and Road countries, with numerous additional projects addressing infrastructure, trade, and connectivity in its project
Transforming Lao PDR from a Land-locked to a Land-linked Economy The Lao-China Railway is part of China’s Belt and Road Initiative (BRI) With the right reforms undertaken by the Lao government, the railway connecting Lao PDR (and later Thailand, Malaysia, and Singapore) to the vast BRI network could potentially increase aggregate income in Lao PDR by up to 21 percent over the long term
Belt and Road Initiative in Central Asia and the Caucasus Belt and Road Initiative (BRI) infrastructure projects are expected to cut trade costs and enhance foreign investment in Central Asia and South Caucasus countries A key issue for countries is how to maximize BRI benefits and minimize risks of unsustainable debt, and environmental and social costs
Ethiopia: Development news, research, data | World Bank The World Bank is supporting Ethiopia to address fragility and enhance resilience by emphasizing social inclusion, institutional development, economic opportunities, job creation, and service delivery Key priorities include supporting home-grown reforms to transition Ethiopia to a more inclusive
Nepal Development Update - World Bank Group The Nepal Development Update is produced twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective The Update is intended for a wide audience including policy makers, business leaders, the community of analysts and
Multilateral Development Banks Deepen Collaboration to Deliver as a System Joint statement by the leaders of: African Development Bank (AfDB); Asian Development Bank (ADB); Asian Infrastructure Investment Bank (AIIB); Council of Europe Development Bank (CEB); European Bank for Reconstruction and Development (EBRD); European Investment Bank (EIB); Inter-American Development