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Facilitating investment in BRI nations

By Devanand Ramiah | China Daily | Updated: 2019-07-08 07:43

The global economy is facing both expanding opportunities and rising challenges, including the increasing gap in financing needed for development worldwide. The United Nations Development Programme holds the 2030 Agenda for Sustainable Development and its Sustainable Development Goals at the core of its mandate and welcomes all efforts that have the potential to accelerate their achievements on a global scale.

Given its massive financing flows and investments in infrastructure, institutional capacities and people, when properly aligned the Belt and Road Initiative has the potential to significantly contribute to unlocking important resources, and to enhancing sustainable human development in partner countries. Aligning the Belt and Road Initiative with the SDGs more closely can unlock large-scale financing flows for infrastructure investment and sustainable development in Belt and Road partner countries and enhance the provision of global public goods.

The fundamental question comes down to how we can leverage its potential to support the realization of the 2030 Agenda. The private sector is at the forefront of implementation of Belt and Road projects; therefore, the role of the private sector in the facilitation of Belt and Road investments that are economically, environmentally and socially sustainable remains key.

Facilitating investment in BRI nations

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