The Belt and Road Initiative Implementation, Coordination and International Cooperation
The Belt and Road Initiative Implementation, Coordination and International Cooperation
The Belt and Road Initiative Implementation, Coordination and International Cooperation
➢ Email: [email protected]
Outline
I. Induction
II. The evolution of the Belt and Road Initiative
III. International co-operation against the backdrop of B&R
IV. Regional and inter-governmental financial coordination and
cooperation
V. Case study for BRI
2. To bring together China, Central Asia, Russia and Europe (the Baltic);
linking China with the Persian Gulf and the Mediterranean Sea through
Central Asia and West Asia; and connecting China with Southeast Asia,
South Asia and the Indian Ocean. The 21st-Century Maritime Silk Road
is designed to go from China's coast to Europe through the South China
Sea and the Indian Ocean in one route, and from China's coast through the
South China Sea to the South Pacific in the other.
3. To focus on jointly building a new Eurasian Land Bridge and developing China-
Mongolia-Russia, China-Central Asia-West Asia and other economic corridors by
taking advantage of international transport routes, relying on core cities along the
Belt and Road and using key economic industrial parks as cooperation platforms. At
sea, the Initiative will focus on jointly building smooth, secure and efficient
transport routes connecting major sea ports along the Belt and Road. The China-
Pakistan Economic Corridor and the Bangladesh-China-India-Myanmar Economic
Corridor are closely related to the Belt and Road Initiative, and therefore require
closer cooperation and greater progress.
4. To improve the region's infrastructure, and put in place a secure and efficient
network of land, sea and air passages, lifting their connectivity to a higher level;
further enhance trade and investment facilitation, establish a network of free
trade areas that meet high standards, maintain closer economic ties, and deepen
political trust; enhance cultural exchanges; etc.
D . M o r e b a c k g r o u n d s t o r i e s ? Ye s
a. International perspective
• Wi n - w i n s i t u a t i o n s a s e x p e c t e d b e t w e e n C h i n a a n d r e l a t e d
countries
• T h e k e y p r o b l e m s f o r C h i n a ’s e c o n o m y i n t h e n e x t s t a g e
a. P u r pose an d O b j ec tive s
• T h e F u n d w as es ta blis hed in Be ij ing o n D e c e mb e r 2 9 ,
2 0 1 4, w ith in v estme nt f r om th e S ta te A d min istration o f
F o r e ign E x ch ange of Ch in a , Ch in a I n v e stme n t
Co r p oration, E x p ort -Imp ort Ba n k o f Ch in a a n d Ch in a
D e v e lopmen t Ban k .
• F o llowing a p h ilosophy o f o p e nne ss , in c lusive ness a n d
mu tu al b en efit, th e F u n d ma in ly p r ovide s in v e s tme nt a n d
f in ancing s u p p ort f o r tr ad e an d eco n o mic co o p eration an d
c o n n ectivity u n d e r th e f r a me w ork o f th e B& R.
• T h e F u n d is a me d iu m to lo n g -term d e v e lopme n t a n d
in v estment f u n d. T h r ough a v ar iety o f f o r ms o f in v estment an d
f in a nc ings, p r imar ily e q u ity in v e s tme n t, th e F u n d is d e d ic a te d
to s u p p orting in f ra struc ture , r e s o urce s a n d e n e rgy
d e v e lopment, in d ustria l c a p a c ity c o o pera tion a n d f in a ncial
c o o p eration in co u n trie s a n d r e g ions in v o lve d in th e Be lt a n d
Ro a d I n itiative to en s u re me d iu m a n d lo n g - te r m f ina nc ia l
s u s ta inability an d r e a s ona ble r e turns o n in v e stme nt.
• T h e F u n d mak es in v e stme n t d e c isions b a s e d o n ma r k e t
p r inciples, in terna tional p r a c tic e a n d p r o fess iona l s ta n da rd.
a. I n troduction
• T h e A s ian I n frastructure I n ves tme n t Ba n k ( A IIB) is a n
in ternational f in ancial in stitution th at aims to su p port th e
b u ilding o f in f rastructure in th e A s ia -P ac ific r e g ion. T h e
b a n k h as 5 7 memb e r s , a ll o f w h ic h h a v e s ig ne d th e
A r tic les o f A g r eeme nt th a t f o rm th e le g a l b a s is f o r th e
b a n k . Maj o r eco n omie s th a t d id n o t j o in in c lu de th e U n ite d
S ta te s , J ap an an d Ca n a d a .
• T h e b an k s tar ted o p e ra tion a f te r th e a g r e e me n t e n te re d in to
f o r ce o n 2 5 D ece mb e r 2 0 15, a f te r r a tific a tions w e r e
r eceived f r o m 1 0 memb er states h o lding a to tal n u mb er o f
5 0 % o f th e in itial s u b sc riptions o f th e A u th orize d Ca p ita l
S to c k. T h e cap ital o f th e b a n k is $ 1 0 0 b illion, e q u iva lent to
2 /3 o f th e cap ital o f th e A s ia n D e v e lopme nt Ba n k a n d
a b o u t h alf that o f th e Wo rld Ba n k .
• T h e f ir s t CN M w as h e ld in N o v e mb er 2 0 1 4 in K u n min g,
Ch in a. A s eco n d CN M in Mu mb a i, I n d ia ( J a n uary 2 0 1 5)
lau n ched d is cuss ions o n th e d r af t A r ticles. I t w as f o llowed
b y a th ir d CN M in A lma ty, K a z a k h stan in Ma r c h 2 0 1 5.
• By th e d ead line o f Ma r c h 31st for s u b mis sion of
me mb e r s h ip a p p lica tions, th e P r os pec tive F o unding
Me mb e r s h a d in c r ea se d to 5 7 , a n d th e 4 th C N M w a s
o rg aniz ed in Be ij in g in A p r il 2 0 1 5. T h e f in a l te x t o f th e
A r tic le s w a s a d o p ted b y th e 5 th CN M o n May 2 2 , 2 0 1 5 in
S in g apore . T h e A r tic le s w e r e s ig ne d b y a ll 5 7 P F Ms
b e tw e e n J u n e 2 9 , 2 0 1 5 a n d D e c e mb e r 3 1 , 2 0 1 5.
• T h e A r ticles en te red in to f o r ce o n D e c e mb e r 2 5 , 2 0 1 5,
w h e n in s tr uments o f r a tif ic ation h a d b e e n d e p o site d b y 1 7
S ig n atories w ith in itia l c a p ita l s u b sc riptions to ta ling 5 0 . 1 %
of th e s h ares allo cated. ( U pdated in f ormation on
me mb er s h ip s tatus ma y be f o u nd h e r e ). Re ma in in g
S ig n atories th at h a v e n o t ye t d e p o site d th e ir in s trume n ts o f
r atification ar e ex p ected to d o so b y D ecemb er 3 1 , 2 0 1 6.
c. D iff erent v iew s o n A I I BA
• Ch in ese v iew
➢ D e s i g n o f F i n a n c i n g Te r m s a n d C o n d i t i o n s
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C. O n -going BRI p r ojects in times o f w o r ld -w ide p an d emic
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Now, let’s turn the table!
• How do you perceive B&R?