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Money for Belt and Road Initiative not a problem, it’s matching them to the right project

Samantha Chiew Published on Fri, Jun 02, 2017 / 11:12 AM GMT+8

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SINGAPORE (June 2): China announced last month that an additional US$136 billion ($189 bilion) of funding will be provided to support the Belt and Road Initiative (BRI) infrastructure projects.

In a Thursday report by OCBC, Qu Hongbin, co-head of Asian economics research and chief China economist, says, “Given the vast and growing pool of long-term savings in Asia, money should not be an issue. The problem is matching these funding resources with investable projects.”

Billed by President Xi Jinping as “the project of the century”, the BRI project encompasses about 63% of the world’s population and 29% of global GDP. Asia Development Bank (ADB) estimates that about $31.3 trillion of investment will be needed from 2016 to 2030.

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Money for Belt and Road Initiative not a problem, it’s matching them to the right project