Leveraging private funds prioritized in BRI projects

China's financial minister and central bank governor vowed to strengthen debt management and leverage more private funds for infrastructure construction under the Belt and Road Initiative, suggesting a new framework to assess debt risks for partner countries on Thursday.

The Ministry of Finance published a debt-sustainability analysis framework for the BRI's participating economies at the start of the Second Belt and Road Forum for International Cooperation, a three-day event in Beijing.

Financial institutions of China and other BRI economies are encouraged to use the "nonmandatory" policy tool for rating debt risk before making lending decisions. The analysis method is based on international standards provided by the International Monetary Fund and World Bank, according to the ministry.