EBRD region should benefit from Belt and Road Initiative

LONDON - Economies along the route of the Belt and Road Initiative can benefit from the initiative by seeking further economic integration, greater investment and better governance.

"The continued focus on strengthening institutions, investing in sustainable infrastructure and integration into the global economy should remain the priority for Central Asian economies," said Sergei Guriev, chief economist at the European Bank for Reconstruction and Development (EBRD).

The international development bank has launched its annual transition report at its headquarters in London, a health check for economic and social progress in the EBRD region, which covers emerging economies from the Western Mediterranean, much of Eastern Europe and Central Asia.